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.
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.
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....
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.
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.
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.