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Originally Posted by Slrlal
Ok guys... I just talked with the dealer again. I asked 32k OTD and they gave me 31445 OTD. I put 500 deposit down and planning to go to the dealership on Friday to do paperworks+ pick up the z. I'm putting 8k down and got 5.34% interest rate( is it low or high? considering I'm 21 and this is my first time purchase. I am going to go to other banks to see if I could get a better rate). They said my monthly payment is going to be 414 a month. Anyone know anything about Nissan extended warranty? The extended warranty was included in the payment which they said is about 20~30 dollars. They said everything except brakes and something else were all covered by warranty.
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Quote:
Originally Posted by Slrlal
I don't think it's certified. So it would be better for me to get the warranty? I think I saw somewhere on this forum that some dealers try to make money off of you by adding extended warranty. As first time buyer, I'm kind of warried about lots of things lol. How much did you pay OTD? And did you check or look at the car in person before you purchased it? I'm warried if it has/had any problems. It would suck to drive 7hours to find out this vehicle has anything wrong with it and then drive another 7 hours back to home lol.
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5.34 is pretty high, but since you probably don't have a credit history yet I can see why it is that high. I would still shop around like you said to see if any other banks are offering you less. The Nissan extended warranty covers everything but brakes and tires, I would say it is definetley worth getting, I personally did not get it, as it brought my monthly payments over 500, and I wanted to stick to under 500. Also, I am confident that since I purchased new, and I know my driving limits and habits that I should not have any issues. Since you are buying used, and you said its not certified used (not covered by original manufacturers warranty) it is more incentive to get the extended warranty. Dealers are not necessarily trying to make money off you, they have to offer these things at the time of purchase its part of their job, whether you accept or decline is your decision.
Now since you are first time buyer and you are worried about the condition of the vehicle, I would recommend getting the warranty. Also, before signing any papers make sure you test drive the car, if you have a mechanic buddy bring them along to make sure everything looks good, and ask questions! Also a quick VIN look up of the car never hurts. If everything checks out., you should be good to go.
Good luck.