any info on my upcoming purchase would be helpful. i'm in my mid 20s looking to finance an '05 coupe. dealership near me has a few left asking 34k. looking to put down between 9-11k down. What kind of interest rate would i qualify for over a 5-7 year plan? Also, how much have they been discounting '05s since the '06s are out. any good bargaining tips when purchasing a new car would be great as well. TIA.

 

get your own financing from a credit union or something similar. i scored a loan @ 3.74% just a couple of months ago. use edmunds.com to figure out what the invoice price is and work up from there. paying anything more than $500-700 over invoice is paying too much in my opinion. for an '05, you should be able to do invoice or better

 

Will be hard to say what kind of rate you would qualify not knowing anything about your credit history, even if we do? we still can not give you a number except dealership or lending company Try to get pre-appoved form your local bank or internet lending company likes of E-loan, lendingtree, just to give you some idea, any see if dealership will beat it, and most likely they will beat it.

consider some ppl already getting their 06 coupe for 5~700 above inovice, you should able get 05's for way lower than inovice(1~1.5K below)now.

Good enough reason to lower there price.

 

I got 2.9% in May of 2005 from Infiniti Financial Services, and I put $0 down.

Do you by some chance work for an employer that gets Nissan / Infiniti discounts? You can check http://www.insidenissan.com/vpp/vendor/offer.html for a number you can call to check this. I paid just about invoice price for my car when I bought it mid-year.

 

Make sure and understand the car salesman's game at sites like edmunds.com or through google searches. Get to know the invoice costs of the car and all the options. If possible, shop at more than one dealer and get them to compete. Take your time, do your research, and you should be able to get the best deal possible. Don't let the salesman push you around and get everything in writing.

I can't help you too much when it comes to financing. It's obvious you want a low interest rate but that all depends on your credit, income, age, etc.

 

ask for infiniti financing approval first!

 

^ I got my G financed through infiniti fincance. That was convinience, but like drewthesuit, it was my first car buying and the infiniti finance guy told me because of that, interest rate is going to be high-was paying 9%, but I refinanced through a local credit unit and it went down to 5.7%

 

There's no way to know what your financing rate is. Got to Eloan and get your credit score for free (yes, free score). If it's good, go to Capital One Auto Finance and get pre-approved for their lowest rate, then use that as a bargaining chip with the dealer. I wound up with an '06 for a little less than 700 over invoice at 5.24% for 60 months with 8K down.

 

I'm not sure how interest rates compare now compared to September 03, when I bought mine. I had the check in hand from E-Loan, and that really helped me in getting a decent rate through the dealer (financed by Chase, in my case). I went in with a 4% loan, and wasn't even going to change even when they dropped their offer from over 4% to 3.75%, since I had already gone through getting a check FedExed to me from ELoan, and .25 wasn't enough to worry about. They then went down to 3.4%, claiming it was because they hadn't realized I was putting $10,000 down. (Obviously just an excuse

Having another offer in hand, being willing to go with it, and a decent credit rating, gives you some power.