I plan on purchasing a 2007 G35S by the end of the month. I have spent some time now debating on whether I should finance through Infiniti or get my own financing (previous credit union, capital one, etc.). Those who financed through Infiniti, what kind of interest rates do you have?

I believe tier 1 financing starts with a Equifax credit score of 700. My credit score is a good amount above that, so I should be able to get a good rate.

So again, what interest rates do you guys have on you loans?

Thank you.

 

5.9% after $10k down, on a 5-yr note. My local credit union, credit score 870.

 

Credit Unions offer great rates. Navy Federal is 5.0%, which is who I got my financing from...

 

6.0% through Infiniti. You should be able to get an idea from your dealer on interest rates before buying. Try the loan info at bankrate.com, they can give you an idea of what is available in your area.

 

LOL, I hope you mean 770 because there is no such thing as a 870 credit score. In fact, the highest you can go is 850 and it's really tough to get near that mark.

 

I'd recommend looking for loans online and elsewhere and then compare to what the dealership will offer you. I got 6.25% online from capitalone 3 months ago (would've been 6.0 if i did 48months or less). I had to wait 2 months for my G to come in and I checked the % online again to see if the rates changed, and they went up to 6.35% (6.09%). This is with a 760 credit score. I ended up going with Infiniti, who offered me 6.09%. Before I showed them the 6.25% loan from capitalone, I saw on their sheet that they were ready to offer me 8%. So they went a little under capitalone in the end with 6.09%.

 

ok, thanks for the advise so far guys. I will try to get my own loan elsewhere, then see what the dealership will do.

My main thing is that, doesnt applying for a loan drop your credit score a tad? So if I were to apply for a loan first, then go to Infiniti and see what they have for financing, my score would be a bit less? But then again if my score is safely above their highest teir I should be alright.

 

I got 5.99% from Infiniti over 60 months. Nothing down. Credit score above 700.

 

I got financed thru Infiniti for 3.95%/ 5 yr. back in october for my coupe. (760 c-score)

 

That is great. When I got 5.99 in late December that was the best rate possible through IFS.

 

That depends on which reporting agency you are dealing with.

 

don't they all have a max of 850?

 

It's 850.

http://www.myfico.com/

 

LOL - guess I started some controversy You're right, I was curious enough to check with the CU, and I wasn't even close - the actual number was 791. My bad

 

I believe if you apply for a bunch of loans within a 30 day period, it is ok as it is obvious are you looking for a loan... it's bad if you're consistently applying for loans over a long period of time as it would seem you are needing more and more money...