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Buying From Infiniti

Valued Member

Buying From Infiniti

Hi Everyone,

 

I currently drive an 08 G37 coupe which I'd like to trade in for a 2017 but my current loan is through Wells Fargo Dealer Services and I'd like to get financed with whom ever will give me a lower rate.  My current FICO scores are Equifax 684, Trans 700 and Experian 707.  Has anyone purchased through Infiniti?  If so, what was your experience with them?  I was thinking of paying off my Chase Freedom which I owe $2400, just to boost my scores.  I heard Infiniti used FICO auto 4 through Trans Union.  



Seedling till 5/15/19
Message 1 of 12
11 REPLIES
Community Leader
Super Contributor

Re: Buying From Infiniti

With your scores, you should be able to get a loan through Infiniti Financial Services at the very good rate if you are getting a 2017 vehicle.  What car are you looking at?  I have the Infiniti Q50 Premuim AWD fully loaded and will not impressed with it.

Message 2 of 12
Valued Member

Re: Buying From Infiniti

I'm looking into the 2017 Q60 Sport or a BMW 435i xDrive Coupe.  



Seedling till 5/15/19
Message 3 of 12
Community Leader
Super Contributor

Re: Buying From Infiniti


roxy72 wrote:

I'm looking into the 2017 Q60 Sport or a BMW 435i xDrive Coupe.  


Nice... Either way, you will be fine with the scores you provided.  Add some pics once you have your shiny new car....

Message 4 of 12
Valued Member

Re: Buying From Infiniti

Will do and thanks for your input.



Seedling till 5/15/19
Message 5 of 12
Community Leader
Super Contributor

Re: Buying From Infiniti


roxy72 wrote:

Will do and thanks for your input.


You are welcome...

Message 6 of 12
Valued Contributor

Re: Buying From Infiniti

I would check and see if Infiniti has factory sponsored financing incentives right now, if so I am sure you will qualifiy assuming you don't drag a bunch of negative equity into the deal.  Personally I would get prequaulified through a good credit union like DCU, Penfed or NFCU so you know you are covered and have a solid rate for them to beat.  When the dealer is arranging your financing you never know what the actual rate you qualify for is.  They mark up interest frequently, in particular when they have a customer coming in that is used to a higher rate and is looking to get a lower rate but probably doesnt know exactly how low they can get.  For example if you walk in with 72 months at 2.74% from Penfed you know exactly where you stand and so do they.  This takes away their chance to play with the interest.  Most captive lenders limit the dealer mark ups to 2%, imagine paying 2% over the life of the loan that you didn't need to just because those finance guys took 10 minutes of computer time to get the loan for you.

Gardening till 2018, Goal of 700's by the end of 2017
MyFico Scores Aug 2017: EQ 675 TU 695 EXP 698
Message 7 of 12
Established Contributor

Re: Buying From Infiniti

The 435i x drive is a great machine

Message 8 of 12
Highlighted
Regular Contributor

Re: Buying From Infiniti

I bought my 2013 Infiniti G37x through Infiniti Financial Services not too long ago for a killer deal. 

 

My scores were in the high 690 range at the time, and I got 2.9% over 48 months.  I was also a part of the College Graduate program, not sure how big of an impact that had. I doubt you'd have any problems with them. 




Scores: 745 TU (Barclay), 743 EX (Fico8)

Chase Freedom Unlimited (6k), CSP (20k), Amex Delta Platinum (13.5k), Barclay Apple (12.5k), USBank Flexperks Travel Rewards (9k)
Message 9 of 12
Member

Re: Buying From Infiniti

Commenting for benefit of others in the future...

I was surprised to obtain "Tier 1" status and 1.9% from Infiniti Financial Services earlier this week - 3.5 years out of BK7.  They used Equifax auto-enhanced FICO 8, which was 702 when they pulled.  I'm told that the low DTI ratio was also a factor.

Filed BK7: 12/2013 - Discharge 03/2014
Starting scores 12/2013: EQ 655 / TU 648 / EX 656 (no late payments)
FICOs (6-2017): 682 EQ FICO | 665 TU FICO 06/2017 | 679 EX FICO 06/2017
CC Utilization: 9%
Established since BK:
$6.5k Cap1 Quicksilver | $5k Cap1 Plat | $2k Barclays (Apple) | $290K FHA Mortgage (7-2016) | $80k Infiniti FS 1.9% (auto 6-2017)
Message 10 of 12