Hey guys,
From you experience what sort of an interest rate should one expect from the dealer with a credit score of 650-680?
Thanks

 

The dealership doesn't determine the interest rate, the banks do...When the dealer presents you with an interest rate they are basing it off what the primary and secondary lenders are giving out for certain credit scores...Technically, the salesman should be giving you a range, not an exact interest rate, because you could get through finance and have the bank contact the dealership one or two days later saying you need to be paying a higher (or sometimes lower) rate...Then you get the lovely task of coming back into the dealership and re-signing contracts...It's a common misconception that the dealer is setting the rates, but it's the primary, secondary, and terciary lenders that are determining your rate...I believe a 650 to 680 is accepted by Nissan (second only to GMAC as far as difficulty to get financed), dependent upon credit history...The score isn't the only deciding factor when it comes to getting financed...Hope that helped a bit...Based on just your score and assuming no red-flag items on your history I'd guess you're eligible for an interest rate between 7.0 and 11.0 percent...Just trying to give you a basic, realistic range...I'm not sure what Nissan/Infiniti is offering as an incentive right now, if anything, or on what vehicles

"All the Power in the World resides in the Eyes..."

 

i bought mine in mid sept, got a 3.9 with chase, through dealer.

i think, unsubsidized loans are now a little over 5

04 6mtC, DG - possibly most babied G on the board.