acostagliolia

Hey guys, this is my first post. (I have been lurking for several weeks). Anyways, I was wondering what kind of finance rates you are paying for your G37s. I spoke with the dealership and they want to give me an 8% finance rate for 48 months. I was planning on putting 25K down. I feel like this is a HIGH rate for someone with a credit score of ~720. Let me know your thoughts. AND thank you!

dmcwhinnie

I got pre approved at the bank for 6.7 and then went to Infiniti. Infiniti promised me they would beat it. and they did at 6.5, and I think they would have gone lower if I pressed the issue. This was for 60 months, and similar down payment.

acostagliolia

I should have defninitely done my homework and tried to find a better rate. After I commented on the high rate, they magically found their 'last coupon' to remove 0.25%. So now it looks like I am paying 7.75%. Whatever. But it did sour my experience.

vj518

Woah! 7.75%?

That is high for someone who has a score of about 720. My dealer said for people with excellent credit that it should be right around 6.25-6.3%.

It should also go down with a shorter term of only 4 years compared to 5 years. I'm not sure if the amount financed matters, but i'd be financing about 10k more.

I haven't signed any paperwork or anything yet, but I did talk to my salesman about it. A 1.5% difference is way too much.

Hopefully that helps some. I'd definitely look around though.

bertg16

i went through pentagon federal credit union and got a 5.29 or somehting like that for 72 months. There's a $20 membership to join if you aren't military, but thats the best rate i've seen so far. Check that out, it can't hurt.

vj518

Wow! I'd pay $20 bucks to save a 1% interest for 5 years...lol. You really can't beat that at all. Can you sign up to become a member online?

bertg16

Yessir, just go onto their website and you can sign up from there. I thought the same thing, so I went ahead and joined just for that.

vj518

Cool...Thanks for the tip!

G35_Diva

Pentagon is my credit union also. They ALWAYS have the lowest (or close to) rates. Yep, 5.29% is their going auto loan rate.

limeg35

If you havent apply for a car loan in last few years or have no idea what percentages you should get? I would suggest that you first try to get pre-approved from a bank/credit union or on-line lending companies like E-Loan/lendingtree, it should give you decent idea as to what percentage you should be looking at, dont depend on what dealerships tells you.

SctrojansG37

Navy federal rates are pretty good as well. From 37-72 months it is 5% and from 73-84 it is 6.5%, 85-96 months it is 7%.

For USAA it is 5.99%

acostagliolia

So, I applied for an auto loan through my local credit union and landed a rate of 5.74%. Obviously, since this is greater than a 2% difference from what Infiniti is offering, I am going to refinance through them and pay Infiniti off. The finance manager at Infiniti recommended that I make 3 payments through Infiniti financing before paying the loan off in its entirety. According to him, it will markedly boost my credit rating. But I don't know, I don't think I can trust much of anything he has to say.

bertg16

See if you can just get your credit union to finance it instead of refinancing it later. The finance manager wants you to use his financing bc he's probably going to get a kickback. If you get the credit union to finance it initially, he'll be more inclined to find a better rate for you so you use his financing because of the kickbacks he'll get.

Memphoman

and USAA discounts .25% for online app and another .25% for automatic payment with a final 4.99% fixed for 36-72 months.

sohc driver

This is for an 07 G35 Sedan, but my finance rate was 5.95% for 60months. I put down 12,000 and my credit score is 760.