How I have scored invoice pricing with 3.99% APR on my 370Z?

AK370Z · 02-28-2009, 01:51 AM

Quote:

Originally Posted by !xoible

awesome thread!!! how do u suggest negotiating leases? i've gotten awesome discounts off msrp but lease payments were ridiculously high

I have no clue. I have never leased a car. If I recall correctly, 350Z had the same issue with leasing - very high monthly payments. Is there any reason you wouldn't like to own it?

kdo2milger · 02-28-2009, 06:40 AM

Great story AK, I too have a credit score in the high 700s and was appauled at usaa federal savings bank for only offering 6.99. OMSC offered me subsidizing which lowered it to an equivalent of 5.99, but like you i am still not satisfied thats the best i can do. I am a military member and am about to try for the penfed cu to see about that 3.99...

wish me luck

tru_Asiatik · 03-01-2009, 01:52 AM

im not sure if you guys caught the 3.99% offer*

*Internet Only Sale Rate: The 4.75% rate applies to new and new refinanced vehicles (where you are the original owner), financed for 12 to 72 months with a minimum loan amount of $20,000. The 3.99% rate applies to used vehicles, financed for 12 to 60 months.Used and refinanced loan maximums limited by NADA retail value. Term is based upon loan amount and model year and are subject to change. 100% financing available. Rate good only on Internet applications and is subject to change. Rate higher for non-Internet applications.

4.75 i still good

trema · 03-01-2009, 03:06 AM

usually a lower interest rate will apply to new vehicles, with a higher rate for used... that's odd that it would be the other way around. Didn't the OP get the 3.99 rate for his new Z?

kdo2milger · 03-01-2009, 04:18 AM

Quote:

Originally Posted by tru_Asiatik

im not sure if you guys caught the 3.99% offer*

*Internet Only Sale Rate: The 4.75% rate applies to new and new refinanced vehicles (where you are the original owner), financed for 12 to 72 months with a minimum loan amount of $20,000. The 3.99% rate applies to used vehicles, financed for 12 to 60 months.Used and refinanced loan maximums limited by NADA retail value. Term is based upon loan amount and model year and are subject to change. 100% financing available. Rate good only on Internet applications and is subject to change. Rate higher for non-Internet applications.

4.75 i still good

Straight off their website...

New Auto Loan Rates Untitled 2008/2009 Model Year
3.99% APR* 12 to 36 months less than $7,500
3.99% APR* 12 to 48 months $7,500 - $100,000
3.99% APR* 12 to 60 months $10,000 - $100,000
4.75% APR* 61 to 72 months $20,000 - $100,000

EDIT: and it also says the above qoute...odd indeed...

takimbe · 03-01-2009, 05:51 AM

This is AWESOME. I checked and I am eligible for being former Army AND for the current company I work for!

Ill be getting my loan from Pen Fed for sure! 3.99 here we come!

Thanks for the info!

AK370Z · 03-01-2009, 12:09 PM

3.99% rate is offered online only. If you call them via phone, it's 4.74% (4.74% is also offered on 72 months)! The application online takes less than 2 minutes to fill out and you instantly know if you're approved or not.

Click on this image----->

miniC · 03-01-2009, 12:16 PM

excellent info!

thx!

frost · 03-01-2009, 12:32 PM

Nice, I'll be keeping this in mind.

kdo2milger · 03-04-2009, 12:00 PM

Well I finally got word back today from PenFed...

Approved for 3.99% for 60 months.

so thanks AK for posting this, I probably woudnt have even tried this had it not been for your sharing this info with us.

I guess I owe you one.

AK370Z · 03-04-2009, 02:31 PM

Quote:

Originally Posted by kdo2milger

Well I finally got word back today from PenFed...

Approved for 3.99% for 60 months.

so thanks AK for posting this, I probably woudnt have even tried this had it not been for your sharing this info with us.

I guess I owe you one.

I am glad everything worked out. The process is VERY simple and literally painless. You get a great rate and their customer service is far superior than any bank you'll finance with (IMO) . Congrats.

!xoible · 03-04-2009, 02:35 PM

so that's about 0.00165 in money factor to get the 3.99%

the reason why i like to lease is i change cars at least once every year. i end up losing more when i own than just passing up the lease to someone else when i lease without losing anything.

scorpion90 · 03-04-2009, 03:04 PM

Quote:

Originally Posted by AK370Z

I am glad everything worked out. The process is VERY simple and literally painless. You get a great rate and their customer service is far superior than any bank you'll finance with (IMO) . Congrats.

Thanks for the great info. Payed my $20 to join and got a loan approval the next day. I just need to get the VIN number on my ordered 370Z.

par4bmw · 03-04-2009, 03:15 PM

Quote:

Originally Posted by !xoible

so that's about 0.00165 in money factor to get the 3.99%

the reason why i like to lease is i change cars at least once every year. i end up losing more when i own than just passing up the lease to someone else when i lease without losing anything.

I always look at both leasing, financing or cash even though my wife or I average around 2.5 years on our last eight cars. I have only leased BMW's since agressive lease factors and good residuals can be had. The residuals and lease factors are pathetic on the Z compared to what rates are currently available. It would be tough to lose on financing versus leasing right now on a Z.

Quote:

Originally Posted by AK370Z

I am glad everything worked out. The process is VERY simple and literally painless. You get a great rate and their customer service is far superior than any bank you'll finance with (IMO) . Congrats.

AK,
3.9% is a great rate. Good job for finding that.

NIZMOZ · 03-04-2009, 04:54 PM

Thanks for this info AK. I am saving it for future reference!

02-28-2009, 06:40 AM	#17 (permalink)
kdo2milger OG Priesthood Join Date: Feb 2009 Location: Fargo, ND Posts: 17,859 Drives: NISMO T Rep Power: 59	Great story AK, I too have a credit score in the high 700s and was appauled at usaa federal savings bank for only offering 6.99. OMSC offered me subsidizing which lowered it to an equivalent of 5.99, but like you i am still not satisfied thats the best i can do. I am a military member and am about to try for the penfed cu to see about that 3.99... wish me luck Last edited by kdo2milger; 02-28-2009 at 06:43 AM.

03-01-2009, 03:06 AM	#19 (permalink)
trema Base Member Join Date: Jan 2009 Location: Portland, OR Posts: 91 Drives: 09 370z K51 R Rep Power: 596	usually a lower interest rate will apply to new vehicles, with a higher rate for used... that's odd that it would be the other way around. Didn't the OP get the 3.99 rate for his new Z? __________________ 'Lesca'-2009 370z Touring 6MT w/Sports & Nav- Platinum Graphite/Persimmon. FLO,IKP,SCG,TMA

03-04-2009, 02:35 PM	#27 (permalink)
!xoible Base Member Join Date: Feb 2009 Location: west Posts: 245 Drives: some car Rep Power: 185	so that's about 0.00165 in money factor to get the 3.99% the reason why i like to lease is i change cars at least once every year. i end up losing more when i own than just passing up the lease to someone else when i lease without losing anything. __________________ welcome to the internet. now ur out of ur ***** mind if you get offended at this ** ^^^

03-04-2009, 04:54 PM	#30 (permalink)
NIZMOZ Track Member Join Date: Nov 2008 Location: San Antonio, TX Posts: 634 Drives: 07 NISMO 350Z SA M6 Rep Power: 491	Thanks for this info AK. I am saving it for future reference! __________________ SOLD: 2007 NISMO 350Z #0044 Silver Alloy New DD: 2010 Titan Pro4X CC

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03-01-2009, 01:52 AM	#18 (permalink)
tru_Asiatik Track Member Join Date: Feb 2009 Location: so cal Posts: 793 Drives: 2009 370Z 6MT Rep Power: 270	im not sure if you guys caught the 3.99% offer* *Internet Only Sale Rate: The 4.75% rate applies to new and new refinanced vehicles (where you are the original owner), financed for 12 to 72 months with a minimum loan amount of $20,000. The 3.99% rate applies to used vehicles, financed for 12 to 60 months.Used and refinanced loan maximums limited by NADA retail value. Term is based upon loan amount and model year and are subject to change. 100% financing available. Rate good only on Internet applications and is subject to change. Rate higher for non-Internet applications. 4.75 i still good

03-01-2009, 05:51 AM	#21 (permalink)
takimbe Base Member Join Date: Feb 2009 Location: San Diego, CA Posts: 223 Drives: 09' PG 370Z w/SP Rep Power: 264	This is AWESOME. I checked and I am eligible for being former Army AND for the current company I work for! Ill be getting my loan from Pen Fed for sure! 3.99 here we come! Thanks for the info!

03-01-2009, 12:16 PM	#23 (permalink)
miniC Base Member Join Date: Mar 2009 Location: Brooklyn, NY Posts: 2 Drives: JCW Mini Cooper Rep Power: 16	excellent info! thx!

03-04-2009, 12:00 PM	#25 (permalink)
kdo2milger OG Priesthood Join Date: Feb 2009 Location: Fargo, ND Posts: 17,859 Drives: NISMO T Rep Power: 59	Well I finally got word back today from PenFed... Approved for 3.99% for 60 months. so thanks AK for posting this, I probably woudnt have even tried this had it not been for your sharing this info with us. I guess I owe you one.