ok i am in the process of buying an 2006 6MT coupe. Anyways, I am getting a pretty decent OTD price, but I think they are sticking me with the interest rate. Just for the record, I qualify for tier-1 (the best interest rates). My credit score is 780. The dealership told me that the best they can do for the '06s is 5.99% for 60 months. They COULD offer me 1.9%, but that is for a 36 months. I currently have 1.9% on my Civic that I purchased new back in 2003. Did most of you guys get an interest rate similar to the 5.99%, or is the dealership taking advantage of me?? I also plan to go to my bank, Washington Mutual, tomorrow morning to see if they could hook me up. thank you

 

I got 5.15% back in June 03, 4.3% in May 05 on the coupes both from Chase thru the dealership, my score are lower than yours. Also got 2.7% for the M3 from WellsFargo thru my Aunt in Oct.

 

okthanks, anyone else?

 

generally the longer the term, the higher the rate. dealer financing picks up for periods beyond 36 months. if i were you, go with a local credit union. when the dealer couldn't do better than 4.75% for me, i found a local credit union doing 3.74% (valley credit union if you're in santa clara county, ca).

your credit score is extremely high, you shouldn't have a 6% loan for a 5 year term.

 

even with a auto fico score of 788 for me (according to the credit report the dealer finance guy showed me), I was only able to get 5.29% for 60 months on my 05 6mt g35 which i just bought this past weekend at costa mesa infiniti in socal. this bested my golden one credit union rate of 5.79% (w/ direct account widthdraw.... 6.08% w/o direct account widthdraw), so i went with infiniti's signature financing.

just thought I share.

 

i think my 60mn was 4.9% even though i have excellent credit.

not the best rate, but that's wat the dealer offered so i just took it.
no penalties for early buyouts and i will pay off within 36months like
i always do on my cars unless it's a car that i won't mod and just
pay cash.

 

They offered my 5.2% last month for 60 months. It wasn't through Infiniti Financing though, it was a local lender. My FICO was 750.

 

Check out this site to see what kind of rates are available:

http://www.bankrate.com/brm/rate/auto_home.asp

Rates are really going up right now, I wish I bought my car earlier.

 

I just got 5.4% for 60mo on my 06 G35x.

 

I just got 5.16% on a lease for 3 years. My credit union offers 4.95% for 5 years for a purchase.

 

I got 3.9% for 60 months when I purchased 05 G35x in May 2005.

 

got my 06 6MT Coupe yesterday. At the dealership they wanted to give me 5.7%, i said hell no... my credit union pre-approved me for 4.5%

 

IMHO I believe that's a decent rate. You're not being taken. If the car/options/timing is right for you the rate shouldn't be a show stopper. You're in a nice position though to question <6% financing on a car loan. Good luck!

Peace

jp