Just found out about the IFS Signature Graduate Program. Anyone have any idea what the rates offered are? All IFS "could" tell me was anyone who graduated college within the last 2 years, would be automatically approved for Tier 1 credit under this program.

I'm debating if I should go for this or financing through a bank/credit union with lower rates. Cap one is offering a good rate, but if IFS offers me a better one, why not take it right ?

Thanks everyone

 

Don't quote me on this, but i beleive if you do finance through them, you dont have to make payments for the first 3-6 months..?

 

Rate they gave me on the optional sales contract was 4.99%

 

I believe it's 90 days no payments. I just wish I knew the rates they are offering !!!

 

Not every dealer offers the deferred payments. Mine didn't, so you have to ask them. So long as you don't have any negatives on your credit or high debt-to-income ratio you should still be able to get a 4.99% or maybe a little higher since rates have been going up. I was actually surprised that they threw out a rate without even asking what I was putting down. I could have put zero..

 

When I was in the process of buying my car through the Sig Grad program, they offer you Tier 1 rates.

They showed me a paper showing the rates.

Tier 1 is 2.9%
Tier 2 is 3.9%

Since I had not applied for graduation at that time ( but im graduating this May) they gave me a Tier 2 because of my credit score.

I think if Infiniti gives you rates that are different from above, the financial guy is just trying to make money on you.

 

They told me over the phone:

4.84 Tier 1

5.44 Tier 2

What do I do?

 

you buy the car and have fun with it

honestly, i wouldn't sweat the difference in rates too much... check out what the actual difference in monthly payments would be with an on-line auto loan calculator. i assumed a $35,000 loan @ 5 years with both of those rates and they're within $10 of each other monthly.