Pre-approved by US Bank!

[Dustink]

2.8% for 72 month's is better than the current promo financing terms. So, they surely would have at least given you promo 1.9% for 60 months.

Per the Nissan promo terms that are currently running on the Altima:

" $27.78 per month per $1,000 financed at 0.0% for 36 months, $17.48 per month per $1,000 financed at 1.9% for 60 months, $15.15 per month per $1,000 financed at 2.9% for 72 months"

Glad you are happy. Just do your best to pay extra each month and get that balance down. Then you can refi into a better rate.

You are paying 78% more interest on the loan with your 72 month term vs a 60 month term.

You got a very good rate on a 72 month loan, but I feel a 60 month loan would have been a better choice. Your payment would have been $69 more per month, but that would have saved you about $1000 in interest if brought to full term.

I understand that $800 per month for the 0% for 36 months might have been a strech, although that might mean you bought too much car. Probably not though, since you keep them so long. I can't keep a car for more than a couple years. So, if I can't pay it off in a couple years I can't buy it Hopefully you are happy with it for a long time. It must be pretty much loaded for $29,000 Nissan is running the 2013 altima's about 15% off MSRP so you probably got into a 3.5 sl with tech....sweet

[rossusa]

It is a nice Altima SL. Nissan does some sneaky things with that rate they advertise. If you take those low rates you lose up to $1000 cash back so you pay more for the car, making your payments the same as if your paying a rate in the 3% range.

[neptunejcw]

I just did the pre-aproval for them, it said my application is in review. But im lost it said pre approval amount $3000?? Is that the amount they are considering approving me for? If so then theres no way id take that for a auto loan, what kind of car they expect me to buy with that..lol. I got fico scores of TU 684, EQ, 660 EX fako 658 & also is that pre apporval a hard pull or soft pull on my credit report??

[Dustink]

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@rossusa wrote:

It is a nice Altima SL. Nissan does some sneaky things with that rate they advertise. If you take those low rates you lose up to $1000 cash back so you pay more for the car, making your payments the same as if your paying a rate in the 3% range.

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2.5SL? Better gas mileage then

I also went with a 2.5 subaru rather than the 3.6 for gas mileage.

[rossusa]

Yes, 2.5 so far about 36 mpg on the highway 

[Dustink]

Nice that is almost as good as the miles per gallon of oil usage on my subaru...lol if you didn't get that. I am saying my new subaru is burning oil.

[rossusa]

A brand new Subaru? That's too bad.

[Dustink]

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@rossusa wrote:

A brand new Subaru? That's too bad.

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Yeah, my last Subaru (2009 Impreza) didn't have that problem. This one they switched over to a really thin oil for better gas mileage and it goes through almost a quart of oil every 3k miles.

But I am getting about 36mpg on the highway as well. Pretty good for a subaru.

I wish Nissan would make an affordable AWD. I would buy that car in a heartbeat. Nissan is my favorite brand of car.

The new Infiniti Q50 is going to be nice. Have you seen it? It is just a fancy Altima.

[rossusa]

I hope this is a good car, it took me some time to decide on the Nissan, so far I'm very happy. I've only had American cars since my 1965 Datsun 

[webhopper]

The altima is a nice car... My mom has a 2005 with 170k miles that my brother is currently using.  Its only been in the shop for minor things thus far and still looks nice.