Coupe - Financing Rates - What APR did you get?

[pcpower]

If you'd post the following (model, rate, good or bad credit) it might be helpful, I'm trying to figure out if I got scammed or rather if Nissan just has high rates.

Financing a 3.5 SE, I was quoted 7.24% as the super-duper-best-rate possible that they could offer. Keeping in mind that I have excellent credit, I thought this rate was a bit high. In the past when I've bought a brand new car from Toyota, the dealer was able to offer 6.05%. and of course Nissan is also offering something like 2.99% on Altima Sedans...

[bembol]

Our Coupes 2.5S & 3.5 SE both with CVT & Premium Packages was only 5.9% Canadian.

I wouldn't say we both have Excellent Credit but it's about 8/10 if you want a rating.

I thoughts rates came from Nissan itself not Dealerships, it's the reason why they couldn't drop it eventhough we both two Coupes? Correct me if I'm wrong here.

That is high. I would definitely go back or look elsewhere. Good luck.

[GV]

I was offered 5.5% for 60 months but i chose to pay cash... I have an excellent credit rating. The dealers claim that they have to use the bank's finance rates and they cant lower the rate. if you get an equifax credit report you will see that most of the banks are currently at 6% or higher.What they fail to mention is the dealer gets a cut (finders fee type thing). so they can in fact lower your finance rate if they wish to.If you have a good credit score dont accept over 7% check with your bank (i know chase bank finances at 6%)

Nissan can only give an incentive by dropping existing rates. they cant set a finance rate themselves...(i might be wrong here...but i dont think so )

[GV]

you probably have seen this already but just in case here is a link to some financing related stuff...

http://www.leaseguide.com/Articles/finance.htm

http://www.carbuyingtips.com/car1.htm

http://money.cnn.com/1998/04/2...ncing/

[ponchoxx2]

I got altima coupe 2.5S with premium packageI have great cedit score( 740- 750 ) but no history, my intrest rate is 9.09% i think the dealership screwed me with the 2.5% addon. What can i say you live and learn, i wont be buying another car from them again.

[GV]

refinance....

[shift_mikey]

3.5 coupe, 703 credit score, 6.9% apr

[ctrlaltcoupe]

2.5S, 6-speed w/ convenience package and moonroof

I got 5.84% APR for 48 months. My credit score is very good. This was not through Nissan financing though... the dealer hooked me up with a local bank to finance through.

Don't forget... you don't have to get financing through the dealer/Nissan. I got quoted somewhere around 6.5% through Capital One Auto Finance, and went with their recommended local bank because it was a lower rate.

[generic808]

I have top tier credit so I qualified for 2.9% 60 month through Nissan Motor Corp. I guess it really does pay-off to have good credit

[LongBeachCoupe]

you cant compare a rate on a 08 to an 07... nissan motor financing is incentive based to move cars... tthats why you can get a 07 for 2.9% now... which is below any other rate you will find... essentially becausee nissan motors eats the interest in their battle to clear the lot... sorry for the typos im not wearing my glasses...

[generic808]

LBC, to qualify for the 2.9%, you have to have a tier 0 or tier 1 credit rating. Basically, you need a credit score above 700, I believe, to qualify for that percentage rate.

[LongBeachCoupe]

I know, but it was still 2.9% on a 07 for me or 4.9% on the coupe..The difference is their inclination to sell the older model, over the term of 60 pmts, they lose a little over 1k, but its worth it to move the old car...

[niltiac2141]

I have a good credit score but not much history...Bank of America offered me 6.5%, Nissan 6.1%. I also applied at a credit union because my job (govt contractor) qualifies me for membership and they had 5.5% available. Nissan was quite a bit more willing to negotiate on my trade-in ('01 Sentra) if I went with their financing so I went that route.

You can always refinance, though banks might not be able to offer you much lower.

[sewright]

5.3% at my work Credit Union. Plus this CU pays rebates at the end of the year as long as they make money. I got abut $150 / year back of my interest on my previous loan. Who knows what that cuts the rate to but a pretty good deal.