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Originally Posted by ssmoked Just curious, what's your age? Sorry for the late reply, a few people asked my age, it's 29. I have always avoided buying cars from a
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06-03-2015, 09:13 PM
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#1 (permalink) | |
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Base Member
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Quote:
Sorry for the late reply, a few people asked my age, it's 29. I have always avoided buying cars from a dealer, so technically i would be a first time buyer (at least from a dealership). The dealerships can shove their 10% APR. |
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05-30-2015, 10:54 PM
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#2 (permalink) |
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A True Z Fanatic
Join Date: Sep 2014
Location: Memphis Area
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Oh, and in addition to your credit score(s), lenders will also take in to account your Debt to Income Ratio (DTI). One advantage regarding the calculation of DTI is that your gross (before tax) income is used.
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05-30-2015, 11:36 PM
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#3 (permalink) |
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A True Z Fanatic
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Why are you pursuing this and even attempting to chase it down if you think its over priced and that the APR being offered is too high?
As soon as the dealership "tests the waters" by throwing some figures at you, they then judge you on your response back. A lack of response back from your part would have made them make their move. Now they are giving you no response back, meaning seeing how desperate you will be for this car. My advise, move on. Let them call you back, in fact, let their calls go to your voicemail. |
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05-31-2015, 12:21 AM
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#4 (permalink) |
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A True Z Fanatic
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You need a Z. Not for the homerun but for the baseball game to come to you.
10% is ridiculous and the car is definitely overpriced. You walked in the dealership with dollar signs floating around you.
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 >MyZ's Album< NISMO Convert/ECUTEK/Takeda CAI/F.I. HFC NR CB Carbon/F.I. 34 Row Oil Cooler/4.08 Final Drive /Powertrix+Swifts/Hotchkis/SPL/Whiteline/TWM/Zoom Engineering/EVO-R/AeroJacket Vented CF Fenders + CF Spoiler/Avant Garde-WORK/NST/Morimoto Halo/STi Clear Lenses/Carbon Signal Automotive/RJM Performance/ZSpeed Clutch Flywheel CSC delete
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05-31-2015, 01:01 AM
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#5 (permalink) |
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Enthusiast Member
 
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YES. Get a Z.
But not that one with those interests. Good Luck OP. I am subd so i know when you ask that girl out haha
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370z 2014 7AT |Carbon Signal - GT Edition| |
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05-31-2015, 10:10 AM
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#6 (permalink) | |
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Quote:
Good luck with the car purchase OP |
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05-31-2015, 11:06 AM
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#7 (permalink) |
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Base Member
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OP, as many people have said, get a pre-approval at your bank so you can shove the high APR back in their face after you agree on a car value (although they might say it's only this price if you finance through them). Even then, I think you can just get your bank to pay off your loan (though it might affect your credit if you refinance too quickly(???)).
In my case when I bought mine, they gave me two options... Low APR, but need to pay for a 3rd party warranty, or High APR (like 5%) w/o warranty. Pick low APR with warranty...cancel warranty within 60 days (no penalty/cancellation fee). Also pisses them off because then they'll have to pay back the commission they "earned" from selling an extended warranty. Just for reference in case you run into this tactic in the future. |
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05-31-2015, 11:31 AM
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#8 (permalink) |
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Base Member
Join Date: Jul 2014
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Stealership man the stories. Got my brand new 2014 Sports Auto for 29.8k @ 1.5%. Man first time looking around I was scared. Don't know why. But after buying the Z, I now feel like I could take a relative back and act cocky and douchey to the *** manager.
There are many dealership tips on here but the couple best ones I believe are simple: 1. Don't buy first visit & BE PREPARED TO WALK OUT. (These mother#*&@#^ act like saints when you first walk in and when you don't buy, they cuss you out ect. Be prepared to walk) 2. Be firm. Talk final numbers, not payments. I went shopping around locally first. I wanted a base for 29,000. I thought this was fair because on their website it says "Starting at $29,000." Wtf. Apparently not. This premier nissan dealership laughed at me saying that price is ridiculous and where the hell did I even get that idea and pushed me to buy one of their 2013 touring for 34k. They stuck at 29,500 and wouldn't budge. I have a very big ego and after being laughed at i'm not budging. Whatever, they lost their sale to me. My parents found a $29000 base in Kansas (Parents live away from me). Had to order Black. The day the car came, they done goofed and ordered a sports. Dealership had two choice. Give car at a loss or pay for shipping and bring it back to the factory or what not. I couldn't tell if this was legit or it was the bait and switch. My mom who is a kind heart person felt bad and decided to give him another $800. Ended up paying 29800 for the car. |
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06-01-2015, 11:03 AM
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#9 (permalink) | |
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Track Member
Join Date: May 2015
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Quote:
It's a very useful tool.
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~*Hula Girl at Heart*~ Rear Deck Spoiler, Splash Guards, AFE filters, Weathertech Liners, Xpel, Calipers in VHT Bright Blue, Clazzio Seatcovers |
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05-31-2015, 11:37 AM
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#10 (permalink) |
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A True Z Fanatic
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Employed guys with good credit in beaters is hot to me. Means he is probably more sensible than I am with his money and has more to spend on me and my car parts. If it goes the way you want it to you may be trading the Z in for a mini van in a few years anyway daddy!!!
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05-31-2015, 02:21 PM
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#11 (permalink) | |
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A True Z Fanatic
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Quote:
__________________
>MyZ's Album< NISMO Convert/ECUTEK/Takeda CAI/F.I. HFC NR CB Carbon/F.I. 34 Row Oil Cooler/4.08 Final Drive /Powertrix+Swifts/Hotchkis/SPL/Whiteline/TWM/Zoom Engineering/EVO-R/AeroJacket Vented CF Fenders + CF Spoiler/Avant Garde-WORK/NST/Morimoto Halo/STi Clear Lenses/Carbon Signal Automotive/RJM Performance/ZSpeed Clutch Flywheel CSC delete
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06-03-2015, 09:16 PM
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#13 (permalink) | |
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I have a lot of respect for women like you 
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05-31-2015, 08:06 PM
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#14 (permalink) | |
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A True Z Fanatic
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Quote:
2. you state you have a steady job, which is good, but the fact that you recently changed doesn't exactly help you, as banks wants to see that you've been at a job for a certain period of time. 3. you state that you are a first time buyer? how old are you? and typically, first time buyers don't get favorable interest rates, and you will most likely need a decent down payment. 4. 22k for a 2010 Z. elaborate on model/trim (i.e. base or sports package, mt or at, etc.), as 66k for a 2010 is under miles if going by the industry standard of 15k/year. if they wanted 22k for a nismo model, i would say that is reasonable. 5. dealerships LIE. they are there to make money, not to help you save money. 6. if you need a car to impress a girl, rather than you getting the girl on your own, then there's something wrong with you, and the girl. Last edited by vtec to vvel; 05-31-2015 at 08:09 PM. |
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05-31-2015, 08:38 PM
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#15 (permalink) |
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Base Member
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If you are a first time buyer and have never financed a car before...and have limited trade lines...you can be in line for a higher rate as you are a risk to the lender. There are first time buyer programs thru manufactures lenders such as Ford Motor Credit , Volkswagen Credit , Nissan Motor Acceptance , Honda Finance ...ect ect. normally you have to buy a new car...recently got a degree and have a job lined up in the field you studied...you can have NO derogatory credit and have a small downpayment...of 5-8%.
If 10% is the very best you can get, even trying on your own..bite the bullet for 8-10 months and refinance after you have established a history....or get a co-signer with excellent credit. a big DP can also drive the rate down if you finance below trade value....which puts the bank in an equity position. Remember...they own the car...you just get to drive it and send money every month. If you got to drop 22K+ to get a woman...KY Jelly is cheaper..lol |
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This can't be normal, can it? Anyways the dealership wanted 22 thousand for a 2010 370z with 66,000 miles. I told them i would give them $20,000 and that their car is overpriced, the salesman said that there is nothing within 500 miles that is cheaper with similar miles/year. That is a lie, After my offer of $20,000 which is still overpriced imo the salesman told me he would talk to his boss but that his boss was in a meeting. Well it's been 8 hours and no call back.
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