topic Re: Infiniti Financial Services in Auto Loans

Infiniti Financial Services

creditwatcher2012 — Sun, 21 Jul 2013 22:12:51 GMT

So I recently took out an auto loan thru Santander Consumer for 23.5k at a high 17.9 APR. when I got that loan I was completely maxed out on all my cards and my credit score was a 580 or something like that..That was for a ford focus... I originally was gonna push the purchase of the infiniti back but after speaking to a sales rep who I know he said now is the time to buy since they renamed the JX to the QX 60, so my question is, with a brand new auto loan reporting, a 8 month old personal loan, and an OLD ford credit auto loan that I was late on 21x, would I be able to secure say a 40k auto loan thru infiniti financial services with say 20 percent down, so I would be looking to purchase a 50k vehicle (JX 35)

I have never been late on any of my loans currently reporting so that's the personal loan, and this brand new loan(first time it will report is this month on the 25th or a few days after it)

My income is pretty good, I am a self employed contractor, my income will be well above 100k this year when I do my taxes, just got a pretty big job that I am starting in September...

This time last year I was approved with them for 37.5k, @5.6% that was with only the one installment acct. (ford credit 21 lates) and pretty much all brand new credit cards except for a few. The freedom was new, Barclays...

Do you think I could possibly qualify for 1.9% or even get the loan for that matter... I can most definitely afford to have 2 auto loans going at once, also, I plane in refinancing my Santander loan for a much favorable rate, @24months... I would want to finance the infiniti for 60 months.... Any suggestions?

My utilization right now is 4%

Re: Infiniti Financial Services

Creditaddict — Mon, 22 Jul 2013 14:45:27 GMT

@creditwatcher2012 wrote:
So I recently took out an auto loan thru Santander Consumer for 23.5k at a high 17.9 APR. when I got that loan I was completely maxed out on all my cards and my credit score was a 580 or something like that..That was for a ford focus... I originally was gonna push the purchase of the infiniti back but after speaking to a sales rep who I know he said now is the time to buy since they renamed the JX to the QX 60, so my question is, with a brand new auto loan reporting, a 8 month old personal loan, and an OLD ford credit auto loan that I was late on 21x, would I be able to secure say a 40k auto loan thru infiniti financial services with say 20 percent down, so I would be looking to purchase a 50k vehicle (JX 35)

I have never been late on any of my loans currently reporting so that's the personal loan, and this brand new loan(first time it will report is this month on the 25th or a few days after it)

My income is pretty good, I am a self employed contractor, my income will be well above 100k this year when I do my taxes, just got a pretty big job that I am starting in September...

@Anonymous time last year I was approved with them for 37.5k, @5.6% that was with only the one installment acct. (ford credit 21 lates) and pretty much all brand new credit cards except for a few. The freedom was new, Barclays...

@Anonymous you think I could possibly qualify for 1.9% or even get the loan for that matter... I can most definitely afford to have 2 auto loans going at once, also, I plane in refinancing my Santander loan for a much favorable rate, @24months... I would want to finance the infiniti for 60 months.... Any suggestions?

My utilization right now is 4%

Are you looking to lease it? you might have a better chance...

Infiniti is pretty easy, so if the INQ is no biggie to you I would pop over to the dealership and let your friend push on a credit app... depending on size of dealership and inventory I wouldn't be surprised if Infiniti will do it (not tier 1 but they will I bet!)

Re: Infiniti Financial Services

creditwatcher2012 — Mon, 22 Jul 2013 15:34:09 GMT

Hey, so I wasn't necessarily looking to lease, however I'm open to it... What would you recommend? If at all I am able to finance it, I would like to do that due to the no restricted miles and having the security of knowing that the vehical is mine... So you think this new auto loan would present a problem for me?

Re: Infiniti Financial Services

creditwatcher2012 — Mon, 22 Jul 2013 15:35:02 GMT

And how easy are infiniti financials, I heard also if your purchasing a New infiniti as I would be doing, 10x out of 10 they pick up the loan.. Is that true?

Re: Infiniti Financial Services

Creditaddict — Mon, 22 Jul 2013 16:39:40 GMT

Why did you buy this other car at all if you want Infiniti?
Could you really put 20% down because that seems like a way better use to pay this terrible rate ford if so.
As far as lease vs finance... Lease will probably be easier but I think Infiniti would pick up a buy at tier 2 or 3 on purchase.

Re: Infiniti Financial Services

creditwatcher2012 — Mon, 22 Jul 2013 19:31:12 GMT

I purchased the ford focus for my wife, and I would like to get this infiniti especially since I can get a good deal now. And yes I could put 20 percent on the new infiniti, also I am waiting to refi the Santander loan...

What are the interest rates for tier 2 and 3?

Re: Infiniti Financial Services

Creditaddict — Mon, 22 Jul 2013 20:04:12 GMT

@creditwatcher2012 wrote:
I purchased the ford focus for my wife, and I would like to get this infiniti especially since I can get a good deal now. And yes I could put 20 percent on the new infiniti, also I am waiting to refi the Santander loan...

What are the interest rates for tier 2 and 3?

you should be able to go right on the website and do it... Nissan will show you if you can't get the calculator on Infiniti to work (same thing) use to be able to do that down to like 610 and still get offered the 1.9 or 2.9% what ever it was at the time... they are pretty easy lender!

Re: Infiniti Financial Services

creditwatcher2012 — Mon, 22 Jul 2013 21:01:45 GMT

Ok thx, I'm probably going to straight to the dealership, ill wait a month for a payment to post on the ford focus Santander auto loan

Re: Infiniti Financial Services

Creditaddict — Mon, 22 Jul 2013 23:03:37 GMT

@creditwatcher2012 wrote:
Ok thx, I'm probably going to straight to the dealership, ill wait a month for a payment to post on the ford focus Santander auto loan

is it reporting yet? if it's not reporting id probably go now and apply.

Re: Infiniti Financial Services

creditwatcher2012 — Mon, 22 Jul 2013 23:15:25 GMT

Yes it is already reporting

Re: Infiniti Financial Services

Anonymous — Mon, 22 Jul 2013 23:16:12 GMT

he is stroller. check his old post , you will see he keep asking same question and repeat it !

Re: Infiniti Financial Services

creditwatcher2012 — Mon, 22 Jul 2013 23:34:36 GMT

I'm going to apply Shortly, I think it's best to wait for at least 1-2 months of payment history show up on my credit report.... The jx has been a want for a while, thus I keep seeking advice, and hopefully ill be able to get the loan.. Some people are just so quick to label someone a "troller" when in reality All I'm trying to do is lay my cards out before I go waist another inquiry.

Thx.. Credit Addict ill keep you updated with how I'm doing when I go and apply

Re: Infiniti Financial Services

creditwatcher2012 — Mon, 22 Jul 2013 23:36:03 GMT

Circumstances have changes since then the number one factor being already having a new active auto loan, and my accounts have aged significantly.

Re: Infiniti Financial Services

Creditaddict — Mon, 22 Jul 2013 23:37:38 GMT

Do you have a recent AUTO ENHANCED TU FICO?

Here in CA that is what Infiniti pulled for me.

Re: Infiniti Financial Services

creditwatcher2012 — Mon, 22 Jul 2013 23:40:07 GMT

When ford pulled my transunion, non-auto enhanced it was a 580 due to my maxed out credit cards........ My, current my fico is 673 tr, but last year I remember when I had an approval from them I'm pretty sure they did NOT pull auto enhanced

Re: Infiniti Financial Services

Creditaddict — Mon, 22 Jul 2013 23:49:08 GMT

@creditwatcher2012 wrote:
When ford pulled my transunion, non-auto enhanced it was a 580 due to my maxed out credit cards........ My, current my fico is 673 tr, but last year I remember when I had an approval from them I'm pretty sure they did NOT pull auto enhanced

if you have anything in the 670+ range you should go now.... the special is on the 2013 only and when that's gone, it's gone.... you should be able to push a tier 1 and get the special apr and take it now.

you wait 2 months i would not be surprised if the 13's are gone.

Re: Infiniti Financial Services

Creditaddict — Mon, 22 Jul 2013 23:50:37 GMT

@Creditaddict wrote:
@creditwatcher2012 wrote:
When ford pulled my transunion, non-auto enhanced it was a 580 due to my maxed out credit cards........ My, current my fico is 673 tr, but last year I remember when I had an approval from them I'm pretty sure they did NOT pull auto enhanced
if you have anything in the 670+ range you should go now.... the special is on the 2013 only and when that's gone, it's gone.... you should be able to push a tier 1 and get the special apr and take it now.
you wait 2 months i would not be surprised if the 13's are gone.

take the focus with you and lease a new G37 for $299/month! it's probably cheaper then the focus! and purchase the JX.

use the 20% down to pay the $1500 out of pocket on the G37, tax and trade in on the JX!!

Re: Infiniti Financial Services

creditwatcher2012 — Tue, 23 Jul 2013 00:05:24 GMT

Ok, I'm gonna make an appointment ill let you know how it goes! Thanks for all your help! ~Credit Addict

Re: Infiniti Financial Services

Josh2942 — Sun, 12 Jan 2014 07:29:02 GMT

If you could put 20% down why would you buy it at 17.9% your shooting your self in the foot. You should push it back and pay your debts