Better to put in a BIG down payment before deciding to lease or purchase through IFS. That's the only way to get the car - go against some conventional wisdom.

 

Dave... with a 680-690 and approx 15K down, what kind of fixed apr would you venture to say i'm looking at on a no-origination-fee 30K loan through IFS (48-60 mos.)? Also, have you seen 680-690s get accepted for 2.9? I imagine income level figures-in to the decision process at that point...

 

So you are walking out of dealerships for $200?? Your spending almost 40K, kinda pathetic.

 

You're pathetic for not realizing that 200 dollars quickly becomes more when rolled into financing. If I can get 200 less in the midwest why would I pay higher....for fun?

 

...and that is why I'm in my G having fun and your fretting over 2-3 bucks a month. Have fun driving around the state looking for your deal.

 

If you don't have "loyalty" to a dealership you're purchasing the car from, then it makes no sense to pay for more. HighMike knows what he wants and to him, that's a higher priority than getting the car in terms other than what he wants.

 

DaveISM, are they approving IFS leases more easily for 690 Ficos. I planned on leasing, and my average score is 691. Equifax and Experian are around the 720s, but Transunion is like 650 because of some errors that I can't get fixed. Been working on them for a few months now. Getting nowhere. Past car payment history is good. Had one 30day late in 6 years on car payments.

 

You're right. Im in no rush to purchase the car, I don't impulse buy. I'll enjoy the car much more knowing that my negotiations were a success.

 

I've had customers that did not get the promotional financing because they were TWO points short of the published requirements.

No, there is nothing a sales person can do to convince IFS otherwise; they're getting VERY strict about their approvals.

Even with a secured loan, IFS will still lose money if they repo the car.

 

That's the thing - some salespeople don't understand that and to them, they consider customers like that as "stand-offish" or too picky.

A customer like that has more control and will take the time to go through the process. The catch is that some of that control has to be relinquished some time for a compromise on a deal, which makes the value of $200 subjective to the person buying the car.

I can identify with this because I'm a customer like that - no hurry to purchase, no loyalty to dealerships, get me the best deal on my terms. Though for me, that $200 difference, I'd negotiate down further to something we both can agree on. And some dealerships would be willing to give in to that small difference anyways just to win your business.

 

Have you considered the time you spent driving around and negoitating is worth more than that $200?

 

I don't think HighMike cares, correct? HighMike?

 

I'd have to agree with that.

To some people, 200 dollars is not worth spending the extra 10 hours. To others, they'll spend 50 hours to save every penny.

Whatever floats your boat

 

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Everyone's credit history is different so there isn't a "cookie cutter" approach to this. Keep in mind that if you're looking at an Infiniti, there isn't another bank out there that will offer 1.9/2.9% financing... period. They're strict because they can be. If you can't get approved with IFS for special financing, you're now looking at full market bank rate elsewhere.