0% apr for 60mo on the z?

6MT-Z34 · 04-12-2013, 03:39 PM

Quote:

Originally Posted by theDreamer

Finance is usually done once the car arrives, you don't want to get into a loan without a car even with the VIN.
0% usually falls into the top bracket probably mid 700s and higher credit score, and if you have minimal credit history probably a larger down payment.

I have really good credit, I've been building it since I was 18-19 I just turned 23 lol. I know I'm still young but I always pay my credit cards in full I don't like to have to pay interest on them lol.

I won't be putting down much (around $5-6K), I just think with 0%APR I can save a few bucks for other stuff throughout the month. But you are right about getting into a loan without having the car first. Do you think I can go and "lock" that percentage before the car gets here? Thanks for your help!

ElVee · 04-12-2013, 03:47 PM

For me, this isn't my first new car purchase, so that helps. I had to get my parents to cosign on my first one ten years ago and still not be able to negotiate much on the %.

These days, my credit is fine (not great, mostly because I don't have a mortgage, I rent), but I'm low risk due to my job.

We'll see when I go in tomorrow. I won't be surprised if there are...well...surprises.

6MT-Z34 · 04-12-2013, 03:54 PM

Quote:

Originally Posted by ElVee

For me, this isn't my first new car purchase, so that helps. I had to get my parents to cosign on my first one ten years ago and still not be able to negotiate much on the %.

These days, my credit is fine (not great, mostly because I don't have a mortgage, I rent), but I'm low risk due to my job.

We'll see when I go in tomorrow. I won't be surprised if there are...well...surprises.

That's cool dude... good luck tomorrow!! and take bunch of pics of the Z.

BTW which one did you get? lol

enkei2k · 04-12-2013, 03:57 PM

Quote:

Originally Posted by ElVee

My Z arrived off the truck today and in speaking to the sales guy, it appears the Z is now available with 0% APR for up to 60 months. Has anyone else heard about that yet? This wasn't true in March when first discussing it.

I go in tomorrow to hammer out the rest, so maybe I'll find the strings, but that would be pretty cool to be honest.

Quote:

Originally Posted by theDreamer

It is true, and actually I believe they started the 0% of the 370z in late 2012.

Yep, I picked up my 12 with 0% @ 60months last March. I put down my deposit, asked them if I was approved a few days later, they said yes, and finalized all the paper work a few weeks later and drove off. Pretty painless.

Also, it is 0% for this year too, see link (shout out to Joe, where I picked up my car!) :

March 2013 Z specials from Koeppel

ElVee · 04-12-2013, 04:06 PM

Quote:

Originally Posted by 6MT-Z34

That's cool dude... good luck tomorrow!! and take bunch of pics of the Z.

BTW which one did you get? lol

2013 touring+sport 7AT gun metal with rearview camera.

Not used to having an *** I can't see around!

ElVee · 04-12-2013, 03:49 PM

Quote:

Originally Posted by 6MT-Z34

I have really good credit, I've been building it since I was 18-19 I just turned 23 lol. I know I'm still young but I always pay my credit cards in full I don't like to have to pay interest on them lol.

I won't be putting down much (around $5-6K), I just think with 0%APR I can save a few bucks for other stuff throughout the month. But you are right about getting into a loan without having the car first. Do you think I can go and "lock" that percentage before the car gets here? Thanks for your help!

It can't really hurt to ask around. Just know that most applications are only good for about 30 days. But it's far better to ask around and have some options than to go hunting the day of and/or have to settle for whatever the dealer sets up for you.

6MT-Z34 · 04-12-2013, 03:52 PM

Quote:

Originally Posted by ElVee

It can't really hurt to ask around. Just know that most applications are only good for about 30 days. But it's far better to ask around and have some options than to go hunting the day of and/or have to settle for whatever the dealer sets up for you.

True, you think I should ask the dealer I order the car from or go to another dealer and find out if I can "lock" the APR and order a Z? Thanks for your help!!

ElVee · 04-12-2013, 04:02 PM

Quote:

Originally Posted by 6MT-Z34

True, you think I should ask the dealer I order the car from or go to another dealer and find out if I can "lock" the APR and order a Z? Thanks for your help!!

The dealer isn't going to lock anything until the papers are signed and you're taking possession of the car. Everything else is just words and not binding. And even then you have to read the written contracts carefully.

You can "lock" rates by having a pre-approved loan from a third-party bank or credit union. For instance, I applied to a local credit union, and got a pre-approved loan at 2.49% with a general understanding of about $40k price of the car with $10k down. That is then good for 30 days for me to get the car in and sign things with the dealer. At that time, a fancy dance occurs where I sign for the car, the dealer sends the title to the credit union, and the credit union foots the bill with my promise to pay them. Or however they want to handle it.

It's easier to go through the dealer, but ultimately you're losing money if the % differs.

(Or even with matched %, it might be worthwhile to still go through your third party if building a relationship with them is important to you.)

04-12-2013, 03:47 PM	#2 (permalink)
ElVee Track Member Join Date: Mar 2013 Location: Iowa Posts: 750 Drives: 13 370z 7at t+s grey Rep Power: 18	For me, this isn't my first new car purchase, so that helps. I had to get my parents to cosign on my first one ten years ago and still not be able to negotiate much on the %. These days, my credit is fine (not great, mostly because I don't have a mortgage, I rent), but I'm low risk due to my job. We'll see when I go in tomorrow. I won't be surprised if there are...well...surprises.