TonyBui

HI guys, I'm purchasing a 2008 TL black on black with navi today and the OTD price = $31,845. Just wondering, what's the credit range lies from, where I can get a 2.9 APR ?

phatbastard

Probably around 720 and up, I use to sell cars. Also, you are 22? Are you a first time buyer? They might not give you 2.9% if your a first time buyer, unless you are a 800 or up. There are alot of things to take into account other then your credit score. They want to see a paid off car or two, credit cards with high limits, etc.

TeknoKing

^ agree, especially with the market today, the banks will triple check you before they will allow a loan. I have 830 FICO, and I'm still not confident when applying for a loan//mortage. And at 22, unless you already own a business, I doubt you will qualify for the top tier. Let us know how it goes.

phatbastard

Go fill out a credit app, it only takes 15 minutes to get an answer for what you qualify for.

It could happen to get 2.9%. When I sold cars there was this young college graduate probably around 22 that showed up on my car lot wanting to buy a 08 lexus for 40k. I thought he was wasting my time just wanting to test drive cars so i pre-qualified him. He was a first time buyer, but after running his credit he was a 810 and I was shocked. He also had $7,000 to put down and a letter of intent to work at a bank making $90,000 a year. It was a pre-owned lexus and he qualified for 4.9% on a used car which is great.

Italiano

depends on your credit score and if the banks are offering that rate. you can get that rate on a new car but not a preowned car.780 and up beacon score required.

Tacsavage

You may be better off to take the dealer incentives and find a decent car rate from a lender. We took the incentives and got a little less than 7K off our non navi, and financed through local credit union at 4.39%. So saved money instead of taking the 2.9% and loosing the 2.5k or 3.5k rebate.