Financing help needed.

Ry244 · 06-06-2010, 01:13 PM

Spoke to my dealer the other day and he is expecting my car in this week. Ive been driving company vehicles for the last 15 years so this is my first new car purchase. Wondering how the process works for financing the car?? Anyone finance NOT through the dealer?? What is a good interest rate today?? I read something about dealerships offering 0% to move more cars. Mine was a special order so not sure how much play there will be. Any help is appreciated! Thx!

DRoc7822 · 06-06-2010, 01:41 PM

You prolly wont receive 0% as I dont think thats available on the 370. And it really just depends on how your credit is. Check around at different banks and see what kind of rate they can give you. Or try and negoiate with the dealer if you are financing though them. Thats the good thing about financing... if you dont like what the dealer is presenting you. You have loads and loads of different options.

errett · 06-06-2010, 02:27 PM

Quote:

Originally Posted by Ry244

Spoke to my dealer the other day and he is expecting my car in this week. Ive been driving company vehicles for the last 15 years so this is my first new car purchase. Wondering how the process works for financing the car?? Anyone finance NOT through the dealer?? What is a good interest rate today?? I read something about dealerships offering 0% to move more cars. Mine was a special order so not sure how much play there will be. Any help is appreciated! Thx!

Talk to your bank. I always hate doing the financing at the dealer, they are so pushy. You should be able to get financing under 4%.

E

PapoZalsa · 06-06-2010, 02:54 PM

Quote:

Originally Posted by errett

Talk to your bank. I always hate doing the financing at the dealer, they are so pushy. You should be able to get financing under 4%.

Also do a search online, must FCU only requires that you open an account with them with a minimum of $5.00.

I always get a pre-approved loan before I go to buy a car. That way the stress is way less than to having to deal with the Finance Department that most of the times will try to screw you unless they have a good APR already advertise by the manufacturer.

Some credit union have low rates but for short period of months. The APR will depend on the months you are planning to finance and your credit report. Try to do all your loan application the same day that way your FICO score don't suffer.

For example USAA will send you a pre-approved (blank) check and all you do is take it to the dealer.

For example in my area:

USAA - 3.99% APR 60 mths
Navy Federal FCU - 2.99% APR 48 mths
NWS FCU - 3.75 APR% 60 mths

GL with your new purchase!

Nick911sc · 06-06-2010, 07:53 PM

I see your in NY. Where about are you? Might I ask why the car was special order?

FuszNissan · 06-06-2010, 11:21 PM

Quote:

Originally Posted by PapoZalsa

Also do a search online, must FCU only requires that you open an account with them with a minimum of $5.00.

I always get a pre-approved loan before I go to buy a car. That way the stress is way less than to having to deal with the Finance Department that most of the times will try to screw you unless they have a good APR already advertise by the manufacturer.

Some credit union have low rates but for short period of months. The APR will depend on the months you are planning to finance and your credit report. Try to do all your loan application the same day that way your FICO score don't suffer.

For example USAA will send you a pre-approved (blank) check and all you do is take it to the dealer.

For example in my area:

USAA - 3.99% APR 60 mths
Navy Federal FCU - 2.99% APR 48 mths
NWS FCU - 3.75 APR% 60 mths

GL with your new purchase!

Great post

PapoZalsa · 06-06-2010, 11:28 PM

Quote:

Originally Posted by FuszNissan

Great post

Thanks I need some rep. points.

Ry244 · 06-07-2010, 02:50 PM

Quote:

Originally Posted by Nick911sc

I see your in NY. Where about are you? Might I ask why the car was special order?

Color combo and options I wanted were not to be found in the country. I live in Smithtown.

Jacky · 06-07-2010, 03:24 PM

Who did you order it from? Did you check out koepell nissan? They are excellent and i'm sure they will be able to help you with the financing?

What color combo and options did you get?

Ry244 · 06-09-2010, 11:26 AM

Quote:

Originally Posted by Jacky

Who did you order it from? Did you check out koepell nissan? They are excellent and i'm sure they will be able to help you with the financing?

What color combo and options did you get?

I ordered from Nissan 112 in Patchogue. PG with persimmon and all the goodies. Manual trans, sports pack, Illum kickplates, Nav, vertical takeoff button and in dash Pezz dispenser. Anyway, I would have gone to Koepell but wanted a dealer that was closer to me. Got it for invoice so I was cool with that.

Ry244 · 06-09-2010, 11:28 AM

Quote:

Originally Posted by PapoZalsa

Also do a search online, must FCU only requires that you open an account with them with a minimum of $5.00.

I always get a pre-approved loan before I go to buy a car. That way the stress is way less than to having to deal with the Finance Department that most of the times will try to screw you unless they have a good APR already advertise by the manufacturer.

Some credit union have low rates but for short period of months. The APR will depend on the months you are planning to finance and your credit report. Try to do all your loan application the same day that way your FICO score don't suffer.

For example USAA will send you a pre-approved (blank) check and all you do is take it to the dealer.

For example in my area:

USAA - 3.99% APR 60 mths
Navy Federal FCU - 2.99% APR 48 mths
NWS FCU - 3.75 APR% 60 mths

GL with your new purchase!

Thanks, good info.

kfscoll · 06-09-2010, 07:17 PM

My dealer was awesome in helping me with financing. I did some searching on my own and my dealer was able to find a better 60 month interest rate through a third-party bank (not NMAC)...the dealer even prepped all the paperwork as if the loan was through Nissan. I don't know what your credit score is (mine's a hair under 800) but that might affect how helpful your dealer is with finding you a good interest rate. Depending on how eager the dealer is to get rid of the car probably also affects the dealer's helpfulness with third-party financing.

Jeffblue · 06-09-2010, 07:59 PM

i only got approved for 5.75% even though i had already financed a car through nissan that i had bought at the same dealer (great neck nissan). they tried telling me i didn't have enough credit history. i said 'HELLO i just paid off my altima last month after 1yr 11mo. Turns out i never got any credit for that because my dad cosigned on the loan. I got them down to 5% through fifth third bank. I didn't care that much about the rate though b/c i put down 30k and only intend to keep the loan a year

lando76 · 06-09-2010, 08:51 PM

from what I heard you can have your credit run several times in a month period. But after that then you take a hit. My sister in law is a loan agent and thats what she said. Idk. They know your shopping around via a car, house. So they give you that lee way.

06-06-2010, 01:13 PM	#1 (permalink)
Ry244 Base Member Join Date: Dec 2009 Location: New York Posts: 26 Drives: none Rep Power: 16	Financing help needed. Spoke to my dealer the other day and he is expecting my car in this week. Ive been driving company vehicles for the last 15 years so this is my first new car purchase. Wondering how the process works for financing the car?? Anyone finance NOT through the dealer?? What is a good interest rate today?? I read something about dealerships offering 0% to move more cars. Mine was a special order so not sure how much play there will be. Any help is appreciated! Thx!

06-09-2010, 07:17 PM	#12 (permalink)
kfscoll Base Member Join Date: Mar 2010 Location: Cincinnati, OH Posts: 86 Drives: 09 370Z BS T/S/N 6MT Rep Power: 15	My dealer was awesome in helping me with financing. I did some searching on my own and my dealer was able to find a better 60 month interest rate through a third-party bank (not NMAC)...the dealer even prepped all the paperwork as if the loan was through Nissan. I don't know what your credit score is (mine's a hair under 800) but that might affect how helpful your dealer is with finding you a good interest rate. Depending on how eager the dealer is to get rid of the car probably also affects the dealer's helpfulness with third-party financing. __________________ 2009 Brilliant Silver 370Z 6MT coupe w/ Touring, Sport, and Navigation packages

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Financing Options	r3zon8	Nissan 370Z Pricing / Ordering Discussions	9	09-02-2009 01:43 AM
Special Financing	Threev8s	Nissan 370Z Pricing / Ordering Discussions	22	08-19-2009 11:15 AM
About the PenFed Financing.......!	khsysh	Nissan 370Z Pricing / Ordering Discussions	23	05-27-2009 08:03 PM
Financing	AshburnZ	Nissan 370Z Pricing / Ordering Discussions	6	05-22-2009 11:00 PM
3.75% APR financing	g96818	Nissan 370Z Pricing / Ordering Discussions	3	05-17-2009 08:54 PM

06-06-2010, 01:41 PM	#2 (permalink)
DRoc7822 Base Member Join Date: May 2010 Location: Illinois Posts: 67 Drives: 08 Mazdaspeed 3 Rep Power: 364	You prolly wont receive 0% as I dont think thats available on the 370. And it really just depends on how your credit is. Check around at different banks and see what kind of rate they can give you. Or try and negoiate with the dealer if you are financing though them. Thats the good thing about financing... if you dont like what the dealer is presenting you. You have loads and loads of different options.

06-06-2010, 07:53 PM	#5 (permalink)
Nick911sc A True Z Fanatic Join Date: Feb 2009 Location: Long Island, New York Posts: 1,698 Drives: 2010 Nissan GT-R Rep Power: 20	I see your in NY. Where about are you? Might I ask why the car was special order?

06-07-2010, 03:24 PM	#9 (permalink)
Jacky Base Member Join Date: Apr 2010 Location: Queens, NY Posts: 86 Drives: 11 BMW X5M Rep Power: 15	Who did you order it from? Did you check out koepell nissan? They are excellent and i'm sure they will be able to help you with the financing? What color combo and options did you get?

06-09-2010, 07:59 PM	#13 (permalink)
Jeffblue A True Z Fanatic Join Date: Dec 2009 Location: NY Age: 36 Posts: 9,192 Drives: Z32TT & 335xi Coupe Rep Power: 37	i only got approved for 5.75% even though i had already financed a car through nissan that i had bought at the same dealer (great neck nissan). they tried telling me i didn't have enough credit history. i said 'HELLO i just paid off my altima last month after 1yr 11mo. Turns out i never got any credit for that because my dad cosigned on the loan. I got them down to 5% through fifth third bank. I didn't care that much about the rate though b/c i put down 30k and only intend to keep the loan a year

06-09-2010, 08:51 PM	#14 (permalink)
lando76 Base Member Join Date: Jul 2009 Location: ca Posts: 107 Drives: N/A Rep Power: 16	from what I heard you can have your credit run several times in a month period. But after that then you take a hit. My sister in law is a loan agent and thats what she said. Idk. They know your shopping around via a car, house. So they give you that lee way.