Nissan currently has .9% 60 months through Dec. What will happen in january?

[StageLeft]

For those who actually know based on past experiences with auto manufacturers what is likely to happen in January? Right now you can get a new car with either 60 months .9% or you can get regular financing rates but 1-2k rebate (for a low priced car these work out to around the same monthly payments, though in the latter case you will owe less on the car should you sell it or pay it off yourself). What's likely to happen come January? Obviously asking a car salesmen what will happen will not result in a truthful or accurate answer; "Oh we'll double the prices and interest rates will be 15%!!!!".

 

[blackdogdeek]

maybe there's a new surge to push the 04 models?

EDIT: or maybe for end of year accounting they want to be rid of all their 03 models? or is this deal for all models?

 

[RossMAN]

Honda > Nissan

I wish my car loan was 0.9%, I think I'm paying around 3.99% through my local CU.

 

[StageLeft]

Originally posted by: blackdogdeek
maybe there's a new surge to push the 04 models?

EDIT: or maybe for end of year accounting they want to be rid of all their 03 models? or is this deal for all models?

I know it covers the 04s.

Honda > Nissan

Not to get into a pushing match, cause Honda will lose, but Nissan smacks it upside the head for performance vs. cost I can buy a new nissan spec v for the same price as a honda civic (not the SI - which is still slower than a spec v).

 

[RossMAN]

Originally posted by: Skoorb

Originally posted by: blackdogdeek
maybe there's a new surge to push the 04 models?

EDIT: or maybe for end of year accounting they want to be rid of all their 03 models? or is this deal for all models?

I know it covers the 04s.

Honda > Nissan

Not to get into a pushing match, cause Honda will lose, but Nissan smacks it upside the head for performance vs. cost I can buy a new nissan spec v for the same price as a honda civic (not the SI - which is still slower than a spec v).

Performance wise you're right, but overall value/reliability/resale value/#1 stolen car in America title ... Honda pwnz Nissan!

 

[Vic]

The interest rates will go back up to market, which today is in the sky-high 3-4% range. I doubt any car salesman who tell you that it would go up to 15% because you don't have to get financing through the manufacturer when you get a new car. You could always just go through a bank or CU.

December is a good time to crack a hot deal if you're looking for a car, Skoorb. More car salespeople go hungry this time of year, plus the economy looks to be picking up next year and that will drive up both rates and prices on cars.

 

[StageLeft]

Originally posted by: RossMAN

Performance wise you're right, but overall value/reliability/resale value/#1 stolen car in America title ... Honda pwnz Nissan!

When I'm old and tired and have lost my lust for life perhaps I'll consider a honda

 

[StageLeft]

Yeah I imagine that december is definitely prime time to buy a new car...I'm generally dead set against new cars but with the crazy low price on a new spec v or crazy low interest it changes my tnue a bit. Just got an insurance quote though and it's $94/month vs. the $80/month my max is :Q

 

[BigSmooth]

Originally posted by: RossMAN
Honda > Nissan

I wish my car loan was 0.9%, I think I'm paying around 3.99% through my local CU.

Keep whining, I thought I was getting a good rate at 7.75% at my CU in early 2000. On the plus side, I've been overpaying to reduce the principal ASAP, I'll have it paid off almost a year early.

 

[mastaki11a]

Going off topic a little: Do you have to qualify (credit wise) for rebates? I know there's no possible way I'd qualify for the low interest rates.

 

[maziwanka]

the best is 0% for 5 years. beat that hot shot (chevy)

 

[StageLeft]

Originally posted by: mastaki11a
Going off topic a little: Do you have to qualify (credit wise) for rebates? I know there's no possible way I'd qualify for the low interest rates.

I assume I do. I have a 700+ credit score with good income and no credit card debt.

the best is 0% for 5 years. beat that hot shot (chevy)

Hah, best is mitsubishi with no downpayments, interest, or payments for like over a year. Of course who wants a mitsubishi? By the time you start paying on it it will be almost worthless and you'll be upside down until about month 58.

 

[RossMAN]

Originally posted by: BigSmooth

Originally posted by: RossMAN
Honda > Nissan

I wish my car loan was 0.9%, I think I'm paying around 3.99% through my local CU.

Keep whining, I thought I was getting a good rate at 7.75% at my CU in early 2000. On the plus side, I've been overpaying to reduce the principal ASAP, I'll have it paid off almost a year early.

Good idea on overpaying. Originally I was aggressively overpaying by $200 per month but it's more important for me to reduce our cc debt (much higher than 3.99%) than towards the car. But we are still overpaying by about $35 which isn't that much but every little bit helps. Our extra $35/mo could save us about 3-4 months off our 5 year loan term.

 

[StageLeft]

but it's more important for me to reduce our cc debt

New cameras are a great way to reduce CC debt.

Sorry, I couldn't help it

 

[BigSmooth]

Originally posted by: Skoorb

Originally posted by: mastaki11a
Going off topic a little: Do you have to qualify (credit wise) for rebates? I know there's no possible way I'd qualify for the low interest rates.

I assume I do. I have a 700+ credit score with good income and no credit card debt.

the best is 0% for 5 years. beat that hot shot (chevy)

Hah, best is mitsubishi with no downpayments, interest, or payments for like over a year. Of course who wants a mitsubishi? By the time you start paying on it it will be almost worthless and you'll be upside down until about month 58.

Mitsu stopped doing that because (predictably) the young people who took advantage of the 0-0-0 program started defaulting left and right. They are taking huge losses and their sales are WAY down this year without the 0-0-0 program.

 

[royaldank]

Another thing to consider is the last week of the year, car lots will take less money. On January 1st, as I'm told, all vehicles on a lot are taxed and the dealer has to pay them. So, the last week or two of the year, car lots will really deal with people. First off because they don't want to pay taxes on the vehicle if they can sell. Second, no one is really looking for cars since they are shopping after Xmas sales. Car lots die a bit.

 

[StageLeft]

Originally posted by: BigSmooth

Originally posted by: Skoorb

Originally posted by: mastaki11a
Going off topic a little: Do you have to qualify (credit wise) for rebates? I know there's no possible way I'd qualify for the low interest rates.

I assume I do. I have a 700+ credit score with good income and no credit card debt.

the best is 0% for 5 years. beat that hot shot (chevy)

Hah, best is mitsubishi with no downpayments, interest, or payments for like over a year. Of course who wants a mitsubishi? By the time you start paying on it it will be almost worthless and you'll be upside down until about month 58.

Mitsu stopped doing that because (predictably) the young people who took advantage of the 0-0-0 program started defaulting left and right. They are taking huge losses and their sales are WAY down this year without the 0-0-0 program.

hee hee, the program sounded absolutely ridiculous and only somebody thoroughly irresponsible would put such a thing off for a full year. Mitsu deserves what's happening to them for offering such crazy deals to people.

 

[CraigRT]

Originally posted by: maziwanka
the best is 0% for 5 years. beat that hot shot (chevy)

I got 0% for 5 years, and a 5year 100,000 km warranty... Dodge