I'm in the process of saving my money for a down pmt. I just wanted some feedback because this will also be my first new car. I'm 31 and have had used cars since I was 16 but I'm ready now. I'm in the San Fernando Valley (Calif) and plan to buy at the end of the year. Any suggestions, feedback or comments about dealers in the area would help. TIA.

 

I was 32 when I bought this car...just recently turned 33. This was my first new car and my first time financing. I checked my credit rating with the three main bureaus...my credit wasn't all that hot.

They will dock your credit score if this is your first time financing a car. My score was docked about 20 points from my lowest score, or about 50 points from my average score. Because of that I had a high interest rate and had to put $15K down ($5K more than I had intended). I decided to go through it anyway, since I have to start somewhere.

If your credit isn't so hot, perhaps you might want your parents to cosign for you. That way you'll have a lower apr and dont' have to put so much down.

If your credit is fine, but you don't belong to a credit union, think about joining one now and getting the loan through them when you purchase at the end of the year. They tend to give you a better interest rate than Infiniti Financial Services.

G35c 6MT/BS/G/Prem/Aero/Nav

 

that is true dubiux, except i've heard some stories where people have been getting great rates from infiniti financial, you tell your salesman what other places have offered you, and infiniti may try to match it or beat it. I've read of several people who have had that happen

<font color=blue>-Ramb<font color=red>0</font color=red></font color=blue>

 

Thanks for the info, RamboRami. There ya go, Rob. Hope that helps!


G35c 6MT/BS/G/Prem/Aero/Nav

 

heh good luck! [img]/w3timages/icons/smile.gif[/img]

<font color=blue>-Ramb<font color=red>0</font color=red></font color=blue>

 

I got an awesome rate thru E-Loan, my credit isn't all that hot either. The main reason other lenders turned me down was the fact that i don't have sufficient credit history, i'm 25. Hope this helps.

03 CB G35 Coupe - ordered 2/5/03

 

Here's some reading material for you:

www.edmunds.com - Tips & Advice section, there are several articles on car buying

www.carbuyingtips.com - This guy seems a little overly animated and excited about the topic, and repeats himself, but the advice is sound.

2003.5 G35 Sedan Desert Platinum/Graphite Premium/Sport/Aero/Nav/Winter

 

thanks fellas, I will check out the websites. I just bought a house and my credit is good but I will check with my credit union as suggested. Man, I'm coming a long way from my '67 VW Bug for $600 when I was 16. Then again I was making $3.25 an hour