Nissan 370Z Forum - View Single Post

gfxlonghorn · 12-29-2010, 08:17 PM

Yes, it was through Nissan Finance from what I understand. We went to a credit union before coming in and basically told them if you can't beat the 4% from this credit union, we won't finance with you, and they made it happen [sort of]. This 4% was for my dad who has ~800 credit score. I am a new college grad with almost no credit history, so we both cosigned the loan so I could build credit with a better interest rate. I would have gotten 6% alone, and he could have gotten 3.5% alone, so they met us somewhere in the middle.

I highly suggest going to a credit union and getting a rate on paper; even if it is just to bargain with the dealerships. This is easy profit for the dealerships so they will bend over backwards to get you to finance with them.

12-29-2010, 08:17 PM	#166 (permalink)
gfxlonghorn Base Member Join Date: Dec 2010 Location: Texas Posts: 4 Drives: 11 370Z GM AT7 Rep Power: 14	Yes, it was through Nissan Finance from what I understand. We went to a credit union before coming in and basically told them if you can't beat the 4% from this credit union, we won't finance with you, and they made it happen [sort of]. This 4% was for my dad who has ~800 credit score. I am a new college grad with almost no credit history, so we both cosigned the loan so I could build credit with a better interest rate. I would have gotten 6% alone, and he could have gotten 3.5% alone, so they met us somewhere in the middle. I highly suggest going to a credit union and getting a rate on paper; even if it is just to bargain with the dealerships. This is easy profit for the dealerships so they will bend over backwards to get you to finance with them. Last edited by gfxlonghorn; 12-29-2010 at 08:20 PM.