F@@k Nissan! (VERY VERY pissed!)

Pharmacist · 06-27-2009, 06:02 PM

Quote:

Originally Posted by Tius

Don't feel so bad. That's just the way the economy is these days. Congrats on being a pharmacist though. Maybe if you offer to down a significant portion that would help you out. I was in the same situation you are at now a couple months back. I'm a new physician, with 200k worth of student loans. Checked credit score on all 3 branches and the lowest was 730. Other's were around 760-770. Still got something insane like 8% because of lack of work history and all the other mess they spit at you. I also had to bring in the good ol pops to cosign. I say if you really want the car, just bite the bullet and either: 1. down something like 30-40%, or 2. just get someone to cosign. I'm thinking banks would try to rape you, they sure tried to with me. Good luck

Holy ****! 200k in student loans? You could buy a ferrari for that kind of money! Med school sure is expensive over there!

Pharmacist · 06-27-2009, 06:16 PM

Quote:

Originally Posted by NotmyGTR

So, the bank that you deal with will only give you 18K and your mad because Nissan wont finance you for 36K. R U Serious?

No no, my bank had me already automatically preapproved for 18k loan. All I had to do is sign the agreement to do the line of credit account. The financial adviser told me if I provide proof of income he can approve me for more, but he told me to finance the car at the dealership better because he won't be able to offer anything comparable to 5.9%, so I did not apply for more credit. Of course I had no idea nissan finance will screw me over, so I'll go to the bank again on Monday and see if I can get more credit.

I have no idea how much information my bank has, but I did deposit a lot of money in that account, and I do a lot of business with them.

No, I didn't provide nissan with my income. They never asked for it. Besides, I thought it would show up in a credit check anyway. My student loan does show on the credit history, it shows the maximum I owed and what I owe now. It does not appear to show the timeframe in which I paid it off however.

If I do provide nissan with proof of income will they cut me some slack?

Anyway, I just had an idea. I need some advice. What about leasing the car and then buying it out? I mean, if I dont get a good finance rate, why not lease? The equivalent apr for lease at nissan is 6.9% (or do I need a good credit history for that too?). Additionally, interest is only on the depreciation, and not the whole cost, unlike a loan. And by the time the lease is up I would have saved much more than enough money to buy it out. Unless there are hidden costs or something else I missed? I really don't know much about leasing

nogoodname · 06-27-2009, 06:19 PM

why lease and then 6.9%...unless you want to return it at end of lease...

check the banks 1st for a loan...u're already pre-approved for 18K....just try to get approved for some more

Pharmacist · 06-27-2009, 06:37 PM

Quote:

Originally Posted by nogoodname007

why lease and then 6.9%...

Cuz so far it seems its gonna be darn near impossible to get a half decent finance rate

I'd be glad to get a finance rate at 6.9

nogoodname · 06-27-2009, 06:39 PM

truth is, i am financing at 6.9 % with Nissan Finance...lol

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06-27-2009, 06:19 PM	#63 (permalink)
nogoodname Lifetime Premium Join Date: Nov 2008 Location: Montreal Posts: 22,357 Drives: E46 M3 Rep Power: 1765	why lease and then 6.9%...unless you want to return it at end of lease... check the banks 1st for a loan...u're already pre-approved for 18K....just try to get approved for some more

06-27-2009, 06:39 PM	#65 (permalink)
nogoodname Lifetime Premium Join Date: Nov 2008 Location: Montreal Posts: 22,357 Drives: E46 M3 Rep Power: 1765	truth is, i am financing at 6.9 % with Nissan Finance...lol