NMAC Finance Rate

cossie1600 · 06-24-2009, 04:25 PM

Just out of curiosity, what is the rate with NMAC this month. I already have a 4.99% lined up with my credit union (too much work to do the military one for me). I am just curious if the dealer can beat that so I can save myself some trouble later.

AK370Z · 06-24-2009, 04:52 PM

I highly doubt dealer will beat that. I was told 6.99% with good credit.

cajunz · 06-24-2009, 04:53 PM

I'd go with Penfed. Really not that hard at all. I got approved and had my check the next day.

cossie1600 · 06-24-2009, 04:54 PM

wow thats high. I remember the days of 2.9 with my 350z

FuszNissan · 06-24-2009, 05:10 PM

5.54

cossie1600 · 06-24-2009, 07:02 PM

Thanks

Caravanshaka · 06-24-2009, 07:12 PM

ya, penfeds a piece of cake, you can be approved in 10 mins and check in hand the next day. 3.99% is hard to beat

JB1 · 06-24-2009, 09:30 PM

Try Think Mutual Bank, they offer between 3.99 and 4.29%

sig11 · 06-25-2009, 09:36 AM

Quote:

Originally Posted by Caravanshaka

ya, penfeds a piece of cake, you can be approved in 10 mins and check in hand the next day. 3.99% is hard to beat

Piece of cake if you're willing to change banks and can do direct deposit.

At 4.99% with 30,000 principal you are looking at ~$820 more interest than doing the 3.99 loan. It's all about how much value you place on the bank and if the interest difference is worth that.

WShade · 06-25-2009, 09:57 AM

My bank offered me 5.00%. And, the dealer got me 3.99% with the same lender when I advised on the PedFed deal. May be worth mentioning.

Caravanshaka · 06-25-2009, 11:59 AM

Quote:

Originally Posted by sig11

Piece of cake if you're willing to change banks and can do direct deposit.

At 4.99% with 30,000 principal you are looking at ~$820 more interest than doing the 3.99 loan. It's all about how much value you place on the bank and if the interest difference is worth that.

Umm, I didn't change banks at all. I donated the $20 to become a member, and deposited $5 into an account (minimum balance). Filled out an application and had my check in hand the next morning. No direct deposit, no bank switching. Not only that, but I ended up switching my wife's loan from a 7% chase loan to 3.99% at penfed for free.

sig11 · 06-25-2009, 12:24 PM

Quote:

Originally Posted by Caravanshaka

Umm, I didn't change banks at all. I donated the $20 to become a member, and deposited $5 into an account (minimum balance). Filled out an application and had my check in hand the next morning. No direct deposit, no bank switching. Not only that, but I ended up switching my wife's loan from a 7% chase loan to 3.99% at penfed for free.

I must have misread the terms and conditions before I completed the application. I thought there was a monthly maintenance fee on the account if you didn't have a balance of $5,000 or use direct deposit. It wasn't too big of a deal since at my bank's 4.22% rate it only would have saved me about $200.

Caravanshaka · 06-25-2009, 12:27 PM

ya, no big deal if you got 4.22%. But there is no need to keep anything but the $5 minimum balance.

06-24-2009, 04:25 PM	#1 (permalink)
cossie1600 A True Z Fanatic Join Date: Jun 2009 Location: californee way Posts: 5,380 Drives: 370, Leaf Rep Power: 30	NMAC Finance Rate Just out of curiosity, what is the rate with NMAC this month. I already have a 4.99% lined up with my credit union (too much work to do the military one for me). I am just curious if the dealer can beat that so I can save myself some trouble later.

06-24-2009, 04:52 PM	#2 (permalink)
AK370Z Administrator Join Date: Sep 2008 Location: NJ Posts: 9,930 Drives: 09 370Z MB Sports M6 Rep Power: 10	I highly doubt dealer will beat that. I was told 6.99% with good credit. __________________ The370Z Signature Pictures ll Want to rock our forum decals on your car? Then click here! ll How to Embed YouTube Videos In a Post STOP! (Hammertime) ll Become a Premium Member Click HERE ll F.A.Q. Are You a Nissan Dealer? Click Here to Become A "Supporting Dealer" and Start Listing Your 370Zs In Our Inventory Section My Monterey Blue Z ll My Exhaust --> My Intake --> G3 Nissan's Official Response Regarding Oil Temp Issue: CLICK HERE Need a Set of Cheap Winter wheels /Tires? Then Visit The Banner Link Below and Place Your Order. You'll Help Keep The370Z Alive.

06-24-2009, 05:10 PM	#5 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	5.54 __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

06-25-2009, 09:57 AM	#10 (permalink)
WShade Track Member Join Date: Jan 2009 Location: San Antonio, TX Posts: 765 Drives: 09 370Z T/S/N Rep Power: 188	My bank offered me 5.00%. And, the dealer got me 3.99% with the same lender when I advised on the PedFed deal. May be worth mentioning. __________________ Q50S Q60 RS400

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06-24-2009, 04:53 PM	#3 (permalink)
cajunz Base Member Join Date: Apr 2009 Location: Vernal, Ut Posts: 92 Drives: '09 370Z MB 6MT Rep Power: 16	I'd go with Penfed. Really not that hard at all. I got approved and had my check the next day.

06-24-2009, 04:54 PM	#4 (permalink)
cossie1600 A True Z Fanatic Join Date: Jun 2009 Location: californee way Posts: 5,380 Drives: 370, Leaf Rep Power: 30	wow thats high. I remember the days of 2.9 with my 350z

06-24-2009, 07:02 PM	#6 (permalink)
cossie1600 A True Z Fanatic Join Date: Jun 2009 Location: californee way Posts: 5,380 Drives: 370, Leaf Rep Power: 30	Thanks

06-24-2009, 07:12 PM	#7 (permalink)
Caravanshaka I shake Caravans Join Date: Apr 2009 Location: north Dallas Posts: 9,517 Drives: everyone crazy Rep Power: 42	ya, penfeds a piece of cake, you can be approved in 10 mins and check in hand the next day. 3.99% is hard to beat

06-24-2009, 09:30 PM	#8 (permalink)
JB1 Track Member Join Date: Mar 2009 Location: Chicagoland Posts: 748 Drives: 09 Nissan 370Z sold Rep Power: 17	Try Think Mutual Bank, they offer between 3.99 and 4.29%

06-25-2009, 12:27 PM	#13 (permalink)
Caravanshaka I shake Caravans Join Date: Apr 2009 Location: north Dallas Posts: 9,517 Drives: everyone crazy Rep Power: 42	ya, no big deal if you got 4.22%. But there is no need to keep anything but the $5 minimum balance.