How I have scored invoice pricing with 3.99% APR on my 370Z?

AK370Z · 03-04-2009, 06:17 PM

You guys are welcome!

Quote:

Originally Posted by scorpion90

Thanks for the great info. Payed my $20 to join and got a loan approval the next day. I just need to get the VIN number on my ordered 370Z.

You can actually have the check mailed to your house the next day via Fedex. Then, just take the check to your dealership when you purchase the car. The check has blank spaces for dealer to fill out. They fill the info out, you sign the back of the check and that's it! You drive away in your new Z.

!xoible · 03-04-2009, 01:35 PM

so that's about 0.00165 in money factor to get the 3.99%

the reason why i like to lease is i change cars at least once every year. i end up losing more when i own than just passing up the lease to someone else when i lease without losing anything.

par4bmw · 03-04-2009, 02:15 PM

Quote:

Originally Posted by !xoible

so that's about 0.00165 in money factor to get the 3.99%

the reason why i like to lease is i change cars at least once every year. i end up losing more when i own than just passing up the lease to someone else when i lease without losing anything.

I always look at both leasing, financing or cash even though my wife or I average around 2.5 years on our last eight cars. I have only leased BMW's since agressive lease factors and good residuals can be had. The residuals and lease factors are pathetic on the Z compared to what rates are currently available. It would be tough to lose on financing versus leasing right now on a Z.

Quote:

Originally Posted by AK370Z

I am glad everything worked out. The process is VERY simple and literally painless. You get a great rate and their customer service is far superior than any bank you'll finance with (IMO) . Congrats.

AK,
3.9% is a great rate. Good job for finding that.

NIZMOZ · 03-04-2009, 03:54 PM

Thanks for this info AK. I am saving it for future reference!

StLRedrider · 03-04-2009, 06:11 PM

Ditto, thanks for more great info, i'll try my credit union and these guys. See what will happen.

tru_Asiatik · 03-05-2009, 10:50 AM

if you guys dont mind me asking how much is everyone borrowing??
30k 35k or should i go higher?

thanks

LiquidZ · 03-05-2009, 03:30 PM

Thank you so much for the tips.

Just wondering, but how long is the 3.99% offer good for? If I pay $20 now to become a member, can I tell them when I want my check, say in a year or two?

GT-R man · 03-05-2009, 05:35 PM

Quote:

Originally Posted by LiquidZ

Thank you so much for the tips.

Just wondering, but how long is the 3.99% offer good for? If I pay $20 now to become a member, can I tell them when I want my check, say in a year or two?

interest is based on the prime rate... you can only keep it for 2 weeks to a month tops.. due to prime goes up and down depending on the stock market

so to answer your question no...

scorpion90 · 03-06-2009, 08:30 AM

Quote:

Originally Posted by LiquidZ

Thank you so much for the tips.

Just wondering, but how long is the 3.99% offer good for? If I pay $20 now to become a member, can I tell them when I want my check, say in a year or two?

To quote my loan reply message from Pen Fed;

Your loan approval is good for 90 days from date of approval.

Please note: The rate on the loan will be the rate that is effective at the time the loan is disbursed and this may be different from the rate in effect at the time of application submission.

Thank you for choosing Pentagon Federal. We hope that we can help you with all your financial needs.

Hope this helps.

GT-R man · 03-05-2009, 05:05 PM

Alright guys this mind seem like just an angry salesman talking, but let me give it to you guys straight.

How much does the average buyer of a 370z make an hour $15-30 bucks?

Ok now lets break it down to what Mr. Got a great F*in deal actually spent to get this great deal of his,.....

1st--- Invoice price.... on the computer for making that fancy letter and sending all the emails ----1 hour

2nd--- read all 8 different dealer websites looking for the sales manager name to email the offer ---to 2hrs

3rd--- Driving 150miles to and back from carmax doing the speedlimit
----2.5hrs
4th 3days of waiting for all emails ----72hrs

5th appraisal at carmax 1hr

6th gas to and from $25 bucks

7th application fee for credit union $20 bucks

8th and 9th application to nissan and local bank for rates -----1.5hrs

sum it all up you spend so far $45 dollars + 80hrs of your time and lets not count it + 2hrs to pick up your car at the dealer = 82hrs of work +$45 expenses.

avarege buyer makes $20per hour = 1600+ $45 = $1645 actual spent time you just wasted when you could have walked in to a dealer asked to see the invoice given an offers lets say 100 over invoice

Even if you had to stick it out with the 5.74% rate instead of the 3.99% rate how much more money did you save by doing your homework?

If you would finance the car for 60month and make every single payment you would end up paying $1540 in interest + 100 over invoice that you agreed to dealer making your total financing purchase $35,000.00
You spent $1640 which is 5 dollars less than if you would have done all your work... and if you make extra payments it could be even less interest paid and save you the time and hassle of doing all of this.

Now call the dealers do it your way... but on this one this guy got

What you lookin' at? You all a bunch of f***n' a**holes. You know why? You don't have the guts to be what you wanna be? You need people like me. You need people like me so you can point your f****n' fingers and say, "That's the bad guy." So... what that make you? Good? You're not good. You just know how to hide, how to lie. Me, I don't have that problem. Me, I always tell the truth. Even when I lie. So say good night to the bad guy! Come on. This is the last time you gonna see a bad guy like this again, let me tell you. Come on. Make way for the bad guy. There's a bad guy comin' through! Better get outta his way!

"Tony Montana"

Dont hate the player hate the game

if you can't handle the truth....

SoCal 370Z · 03-05-2009, 05:15 PM

Quote:

Originally Posted by GT-R man

Alright guys this mind seem like just an angry salesman talking, but let me give it to you guys straight.

You'll be happy to know that I have friends in the industry, and that my wife and I paid a fair price although we could have gone lower. Why? I used to be a total grinder, and it always paid off in the immediate, but never in the long-run. When issues such as warranty on large ticket items are reviewed by corporate (which they are) all factors are taken into consideration, being fair in the purchase price can really payoff in when it comes to warranty time. I support the dealer network as we still need them to buy a car, and to warranty a car. Hey, but that's just me...to each their own.

MD370Z · 03-06-2009, 08:13 AM

Quote:

Originally Posted by GT-R man

Me, I always tell the truth. Even when I lie.

This is exactly the mentality that a lot of car salespeople have, and it's exactly what makes us hate them. People are just fed up with being told lies, misinformation, and screwy math when they go to a dealer. We all have been through this before, whether it is at Porsche, BMW, or Nissan. So doing the research on pricing, features, options, owner experiences, etc. is for our own protection and our own knowledge, because we cannot count on people like you. And as someone said before, it is almost enjoyable to work hard on something and get good results.

Izzoh · 05-14-2009, 04:09 PM

Quote:

Originally Posted by GT-R man

Alright guys this mind seem like just an angry salesman talking, but let me give it to you guys straight.

How much does the average buyer of a 370z make an hour $15-30 bucks?

Ok now lets break it down to what Mr. Got a great F*in deal actually spent to get this great deal of his,.....

1st--- Invoice price.... on the computer for making that fancy letter and sending all the emails ----1 hour

2nd--- read all 8 different dealer websites looking for the sales manager name to email the offer ---to 2hrs

3rd--- Driving 150miles to and back from carmax doing the speedlimit
----2.5hrs
4th 3days of waiting for all emails ----72hrs

5th appraisal at carmax 1hr

6th gas to and from $25 bucks

7th application fee for credit union $20 bucks

8th and 9th application to nissan and local bank for rates -----1.5hrs

sum it all up you spend so far $45 dollars + 80hrs of your time and lets not count it + 2hrs to pick up your car at the dealer = 82hrs of work +$45 expenses.

avarege buyer makes $20per hour = 1600+ $45 = $1645 actual spent time you just wasted when you could have walked in to a dealer asked to see the invoice given an offers lets say 100 over invoice

Even if you had to stick it out with the 5.74% rate instead of the 3.99% rate how much more money did you save by doing your homework?

If you would finance the car for 60month and make every single payment you would end up paying $1540 in interest + 100 over invoice that you agreed to dealer making your total financing purchase $35,000.00
You spent $1640 which is 5 dollars less than if you would have done all your work... and if you make extra payments it could be even less interest paid and save you the time and hassle of doing all of this.

Now call the dealers do it your way... but on this one this guy got

What you lookin' at? You all a bunch of f***n' a**holes. You know why? You don't have the guts to be what you wanna be? You need people like me. You need people like me so you can point your f****n' fingers and say, "That's the bad guy." So... what that make you? Good? You're not good. You just know how to hide, how to lie. Me, I don't have that problem. Me, I always tell the truth. Even when I lie. So say good night to the bad guy! Come on. This is the last time you gonna see a bad guy like this again, let me tell you. Come on. Make way for the bad guy. There's a bad guy comin' through! Better get outta his way!

"Tony Montana"

Dont hate the player hate the game

if you can't handle the truth....

So basicly your say every hr of my day is equal to how much I make of work ??? I mean that a pretty dumb way to look at things it's like saying ... " F**k I fell alseep last night I'm already $120~$240 in the hole today!! " Did you even factor in that maybe he did this on Vacation or even at work thus he was actually getting paid of time. The only true I see expense is the drive/gas to Carmax and the Fee to Penfed.

Ronin06 · 05-16-2014, 11:11 PM

GTR Man: Wow 8 hours using your calculation becomes 80 hours.

You state at 5.74% interest he would only pay $1540 in interest. Not sure what you assumed he was financing, but assuming 10% down. His interest payment would be $7,241.

Hmmm... 8 hours @ $20 per hour = $160 of effort for saving $1,622 and the initial cost of the car was lower as well. Looks like he did pretty well, even using your inflated numbers.

theDreamer · 03-05-2009, 05:22 PM

I think it is all relative really. Many people are ordering their cars, so the "wait time" can be used to get your old car appraised, get loans setup, etc. Most dealers I have talked to have been a flat number and are either going to give me that or not, if not (which is a fair number) then I can go somewhere else.

Time spent is always a relative value you cannot put towards actual pay. I could say the same thing about me helping friends and family (plus others who pay me) when I do computer repairs. Instead of making 10 dollars an hour, I could go to my office and make more, but I feel the time is an investment in a different manner than a monetary gain.

03-04-2009, 01:35 PM	#2 (permalink)
!xoible Base Member Join Date: Feb 2009 Location: west Posts: 245 Drives: some car Rep Power: 186	so that's about 0.00165 in money factor to get the 3.99% the reason why i like to lease is i change cars at least once every year. i end up losing more when i own than just passing up the lease to someone else when i lease without losing anything. __________________ welcome to the internet. now ur out of ur ***** mind if you get offended at this ** ^^^

03-04-2009, 03:54 PM	#4 (permalink)
NIZMOZ Track Member Join Date: Nov 2008 Location: San Antonio, TX Posts: 634 Drives: 07 NISMO 350Z SA M6 Rep Power: 491	Thanks for this info AK. I am saving it for future reference! __________________ SOLD: 2007 NISMO 350Z #0044 Silver Alloy New DD: 2010 Titan Pro4X CC

03-05-2009, 03:30 PM	#7 (permalink)
LiquidZ A True Z Fanatic Join Date: Nov 2008 Location: Columbus, OH Posts: 1,940 Drives: Mag. Black 2009 370Z Rep Power: 705	Thank you so much for the tips. Just wondering, but how long is the 3.99% offer good for? If I pay $20 now to become a member, can I tell them when I want my check, say in a year or two? Last edited by LiquidZ; 03-05-2009 at 03:50 PM.

03-05-2009, 05:05 PM	#10 (permalink)
GT-R man Base Member Join Date: Jan 2009 Location: la Posts: 38 Drives: 08 camry Rep Power: 0	Tony Montana is the sh nd there will always have to be a bad guy** Alright guys this mind seem like just an angry salesman talking, but let me give it to you guys straight. How much does the average buyer of a 370z make an hour $15-30 bucks? Ok now lets break it down to what Mr. Got a great Fin deal actually spent to get this great deal of his,..... 1st--- Invoice price.... on the computer for making that fancy letter and sending all the emails ----1 hour 2nd--- read all 8 different dealer websites looking for the sales manager name to email the offer ---to 2hrs 3rd--- Driving 150miles to and back from carmax doing the speedlimit ----2.5hrs 4th 3days of waiting for all emails ----72hrs 5th appraisal at carmax 1hr 6th gas to and from $25 bucks 7th application fee for credit union $20 bucks 8th and 9th application to nissan and local bank for rates -----1.5hrs sum it all up you spend so far $45 dollars + 80hrs of your time and lets not count it + 2hrs to pick up your car at the dealer = 82hrs of work +$45 expenses. avarege buyer makes $20per hour = 1600+ $45 = $1645 actual spent time you just wasted when you could have walked in to a dealer asked to see the invoice given an offers lets say 100 over invoice Even if you had to stick it out with the 5.74% rate instead of the 3.99% rate how much more money did you save by doing your homework? If you would finance the car for 60month and make every single payment you would end up paying $1540 in interest + 100 over invoice that you agreed to dealer making your total financing purchase $35,000.00 You spent $1640 which is 5 dollars less than if you would have done all your work... and if you make extra payments it could be even less interest paid and save you the time and hassle of doing all of this. Now call the dealers do it your way... but on this one this guy got What you lookin' at? You all a bunch of fn' aholes. You know why? You don't have the guts to be what you wanna be? You need people like me. You need people like me so you can point your f***n' fingers and say, "That's the bad guy." So... what that make you? Good? You're not good. You just know how to hide, how to lie. Me, I don't have that problem. Me, I always tell the truth. Even when I lie. So say good night to the bad guy! Come on. This is the last time you gonna see a bad guy like this again, let me tell you. Come on. Make way for the bad guy. There's a bad guy comin' through! Better get outta his way! "Tony Montana" Dont hate the player hate the game if you can't handle the truth.... Last edited by GT-R man; 03-05-2009 at 05:33 PM.*

03-05-2009, 05:22 PM	#15 (permalink)
theDreamer A True Z Fanatic Join Date: Feb 2009 Location: Texas Posts: 30,879 Drives: 370z Rep Power: 4211	I think it is all relative really. Many people are ordering their cars, so the "wait time" can be used to get your old car appraised, get loans setup, etc. Most dealers I have talked to have been a flat number and are either going to give me that or not, if not (which is a fair number) then I can go somewhere else. Time spent is always a relative value you cannot put towards actual pay. I could say the same thing about me helping friends and family (plus others who pay me) when I do computer repairs. Instead of making 10 dollars an hour, I could go to my office and make more, but I feel the time is an investment in a different manner than a monetary gain. __________________ theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN theDreamer's Silvia // URAS // GREDDY Houston Zs // Facebook // Twitter // Instagram

03-04-2009, 06:11 PM	#5 (permalink)
StLRedrider A True Z Fanatic Join Date: Jan 2009 Location: St.louis,Mo Posts: 17,755 Drives: O9Sprt/Touring,p-51 Rep Power: 61	Ditto, thanks for more great info, i'll try my credit union and these guys. See what will happen.

03-05-2009, 10:50 AM	#6 (permalink)
tru_Asiatik Track Member Join Date: Feb 2009 Location: so cal Posts: 793 Drives: 2009 370Z 6MT Rep Power: 271	if you guys dont mind me asking how much is everyone borrowing?? 30k 35k or should i go higher? thanks

05-16-2014, 11:11 PM	#14 (permalink)
Ronin06 Base Member Join Date: Mar 2014 Location: Urbandale, Iowa Posts: 87 Drives: 14 silver sport 370Z Rep Power: 12	GTR Man: Wow 8 hours using your calculation becomes 80 hours. You state at 5.74% interest he would only pay $1540 in interest. Not sure what you assumed he was financing, but assuming 10% down. His interest payment would be $7,241. Hmmm... 8 hours @ $20 per hour = $160 of effort for saving $1,622 and the initial cost of the car was lower as well. Looks like he did pretty well, even using your inflated numbers.

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