Nissan Financing 'Tiers' - Nissan Titan Forum
Titan General Discussion General Discussion about the Nissan Titan.

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
#1 (permalink) Old 03-15-2008, 10:23 AM
Registered User
 
Burgy's Avatar
 
Join Date: Jan 2007
Location: Knoxville, TN
Posts: 365
Thanks: 0
Thanked 4 Times in 4 Posts
iTrader Score: 0 reviews
Send a message via AIM to Burgy
Nissan Financing 'Tiers'

All of Nissans financing offers are based on their 'tier' schedule. Does anyone know how they equate that to your Beacon score or credit rating?
Burgy is offline  
Sponsored Links
Advertisement
 
#2 (permalink) Old 03-15-2008, 10:35 AM
Registered User
 
Join Date: Feb 2008
Location: So Cal
Posts: 2,146
Thanks: 6
Thanked 76 Times in 59 Posts
iTrader Score: 10 reviews
Re: Nissan Financing 'Tiers'

Yes. Nissan's tier structure is as follows:

580-619 - Tier 4
620-649 - Tier 3
650-689 - Tier 2
690-729 - Tier 1
730+ - Tier 0

This is based off of an Auto-Enhanced FICO pulled by NMAC at the time of sale. Hope this helps.

EDIT: In Tennessee they pull Equifax, it varies by state.

2006 Nissan Titan XE C/C - Granite, XE Preferred Pkg, Flowmaster SI/DO Muffler, 2* advance, 2.5" PRG Spacer, Pro-Comp ES9000 rear shocks, chrome door handles.

2008 Carson FL162 Fun Runner Toyhauler

PSNissanFleetMgr is offline  
#3 (permalink) Old 03-15-2008, 11:08 AM
Registered User
 
Clint's Avatar
 
Join Date: Mar 2004
Location: Northern New Jersey
Posts: 2,469
Thanks: 0
Thanked 3 Times in 3 Posts
iTrader Score: 0 reviews
Re: Nissan Financing 'Tiers'

Here in New Jersey they use Trans Union.

2008 Frontier LE Crew Cab 4X4 Long Bed w/Tow in Radiant Silver
2007 Pathfinder SE 4X4 in Desert Stone
2005 Titan LE 4X4 Crew Cab ***SOLD***


You have two choices in life:
You can stay single and be miserable,
or get married and wish you were dead.
Clint is offline  
#4 (permalink) Old 03-15-2008, 01:15 PM
Registered User
 
Burgy's Avatar
 
Join Date: Jan 2007
Location: Knoxville, TN
Posts: 365
Thanks: 0
Thanked 4 Times in 4 Posts
iTrader Score: 0 reviews
Send a message via AIM to Burgy
Re: Nissan Financing 'Tiers'

Quote:
Originally Posted by PSNissanFleetMgr
Yes. Nissan's tier structure is as follows:

580-619 - Tier 4
620-649 - Tier 3
650-689 - Tier 2
690-729 - Tier 1
730+ - Tier 0

This is based off of an Auto-Enhanced FICO pulled by NMAC at the time of sale. Hope this helps.

EDIT: In Tennessee they pull Equifax, it varies by state.
Thanks thats very helpful.
Is it an 'auto enhanced' or just the regular score?

I see Nissan has a new offer set till end of March. Thats a really short window of opportunity. Seems odd.
Burgy is offline  
#5 (permalink) Old 03-15-2008, 01:23 PM
Registered User
 
NIZMO4X2's Avatar
 
Join Date: Aug 2007
Posts: 57
Thanks: 2
Thanked 1 Time in 1 Post
iTrader Score: 0 reviews
Re: Nissan Financing 'Tiers'

Equifax, experian, and trans-union are profit based credit institutions so dealers usually use Fico score for bigger banks and the rest for smaller banks. Fico is usually more accurate. Like if you paid something off a month ago it might only show thats its paid on ur fico and take another 2 months on the rest of them. I worked for nissan for two years. Right before i left i was 21 years old and never had a auto loan. I was a "weak" 680 but I got Tier 1 rates at the time on my frontier. The finance director there called nissan for me and had them do a phone interview about income to see if i can qualify for a better rate. Took 2 minutes and i was approved. Not trying to brag but just want to stress sometimes your score doesnt matter as much as how much pull your dealer has with banks. My old store sold 450-600 cars a month and probally 95% was has financing so we did alot of buisness with the banks

2006 Nismo Frontier 4x2 KC - sold
2010 Xterra Offroad 4x4 - still breaking her in

Last edited by NIZMO4X2; 03-15-2008 at 01:25 PM.
NIZMO4X2 is offline  
#6 (permalink) Old 03-15-2008, 02:12 PM
Registered User
 
Burgy's Avatar
 
Join Date: Jan 2007
Location: Knoxville, TN
Posts: 365
Thanks: 0
Thanked 4 Times in 4 Posts
iTrader Score: 0 reviews
Send a message via AIM to Burgy
Re: Nissan Financing 'Tiers'

To be clear, FICO is a product of FairIssac Inc, which is Equifax.

I was just asking the other poster if it was the Equifax auto enhanced or just a regular score.
Burgy is offline  
#7 (permalink) Old 03-15-2008, 03:30 PM
Registered User
 
Join Date: Apr 2007
Posts: 161
Thanks: 0
Thanked 1 Time in 1 Post
iTrader Score: 1 reviews
Re: Nissan Financing 'Tiers'

What interest rates does this equal? What rate for each tier?
fpd7 is offline  
#8 (permalink) Old 03-15-2008, 05:07 PM
Registered User
 
Join Date: Feb 2008
Location: So Cal
Posts: 2,146
Thanks: 6
Thanked 76 Times in 59 Posts
iTrader Score: 10 reviews
Re: Nissan Financing 'Tiers'

The scores NMAC will pull are auto enhanced, whether they are Auto-Enhanced FICO, or BEACON AUTO 4.0. Different names, same thing.

Rates vary from region to region, but the current rates for my region are as follows:


2006 Nissan Titan XE C/C - Granite, XE Preferred Pkg, Flowmaster SI/DO Muffler, 2* advance, 2.5" PRG Spacer, Pro-Comp ES9000 rear shocks, chrome door handles.

2008 Carson FL162 Fun Runner Toyhauler

PSNissanFleetMgr is offline  
#9 (permalink) Old 03-15-2008, 05:48 PM
Registered User
 
Burgy's Avatar
 
Join Date: Jan 2007
Location: Knoxville, TN
Posts: 365
Thanks: 0
Thanked 4 Times in 4 Posts
iTrader Score: 0 reviews
Send a message via AIM to Burgy
Re: Nissan Financing 'Tiers'

WOW
Score really has a large impact on what interest rate NMAC will give you.
Burgy is offline  
#10 (permalink) Old 03-15-2008, 06:33 PM
Registered User
 
HemiETR's Avatar
 
Join Date: Oct 2004
Location: Minot, North Dakota
Posts: 731
Thanks: 43
Thanked 44 Times in 37 Posts
iTrader Score: 0 reviews
Re: Nissan Financing 'Tiers'

Score has a large impact on whatever you finance. 850 is maximum. Just got mine last week, 792. Trying to get into the 8's


Quote:
Originally Posted by Burgy
WOW
Score really has a large impact on what interest rate NMAC will give you.

08 White CC, SE, 4x2, De-badged, Factory tow hitch, Splashguards, 20% Tint, AVS Bug Deflector, Rhino lined, Extang Tuff Tonno, AMSOIL 0W-30, 40,000 Miles, Bully-Dogged and S&B intake

Pioneer DEH-P7800MP, Rockford Fosgate Punch P5002, 2 10" Rockford Fosgate Punch Stage 2 DVC, Custom RF box built by Tech12volt.
HemiETR is offline  
#11 (permalink) Old 03-15-2008, 06:46 PM
Registered User
 
Clint's Avatar
 
Join Date: Mar 2004
Location: Northern New Jersey
Posts: 2,469
Thanks: 0
Thanked 3 Times in 3 Posts
iTrader Score: 0 reviews
Re: Nissan Financing 'Tiers'

what does the advance column mean?

Clint

2008 Frontier LE Crew Cab 4X4 Long Bed w/Tow in Radiant Silver
2007 Pathfinder SE 4X4 in Desert Stone
2005 Titan LE 4X4 Crew Cab ***SOLD***


You have two choices in life:
You can stay single and be miserable,
or get married and wish you were dead.
Clint is offline  
#12 (permalink) Old 03-15-2008, 07:58 PM
Registered User
 
Join Date: Feb 2008
Location: So Cal
Posts: 2,146
Thanks: 6
Thanked 76 Times in 59 Posts
iTrader Score: 10 reviews
Re: Nissan Financing 'Tiers'

Quote:
Originally Posted by Clint
what does the advance column mean?

Clint
Advance, when used in car speak means the percentage of dealer invoice that the bank will finance. For instance, you buy a Titan for $28500 OTD. Invoice is $27234. Your advance, or LTV ratio in this case would be 105%. Thus, if you're a Tier 4, you're within NMAC's guidelines of 110% advance MAX. These figures, btw, are just examples. Divide amount financed by invoice and you get your advance.

2006 Nissan Titan XE C/C - Granite, XE Preferred Pkg, Flowmaster SI/DO Muffler, 2* advance, 2.5" PRG Spacer, Pro-Comp ES9000 rear shocks, chrome door handles.

2008 Carson FL162 Fun Runner Toyhauler

PSNissanFleetMgr is offline  
#13 (permalink) Old 03-16-2008, 05:36 AM
Registered User
 
Burgy's Avatar
 
Join Date: Jan 2007
Location: Knoxville, TN
Posts: 365
Thanks: 0
Thanked 4 Times in 4 Posts
iTrader Score: 0 reviews
Send a message via AIM to Burgy
Re: Nissan Financing 'Tiers'

Quote:
Originally Posted by HemiETR
Score has a large impact on whatever you finance. 850 is maximum. Just got mine last week, 792. Trying to get into the 8's

Dude you suck!

I'd be thrilled to be in the 7s!
Burgy is offline  
#14 (permalink) Old 03-16-2008, 07:34 AM
Registered User
 
anmut's Avatar
 
Join Date: Oct 2007
Location: Stevens Point WI
Posts: 2,952
Thanks: 5
Thanked 113 Times in 73 Posts
iTrader Score: 1 reviews
Re: Nissan Financing 'Tiers'

Quote:
Originally Posted by Burgy
Dude you suck!

I'd be thrilled to be in the 7s!
I agree. Anyone have any tips for credit score besides the normal? Don't over extend, carry a balance, always pay balance monthly, blah blah.

Is there a certain kind of credit that bumps your score faster?


Mods: Bully Dog Tuner · 2* Timing Advance · AEM Brute Force · Burn-out Mod @ ECU · 18" Magnaflow
Nissan OEM Brush Guard · Hellwig Traction Springs · 4 Hella 500FF OR Lights
Line-X Bed Liner · Jason Topper · Nasta Nerf Bars

Wish List: Nitto Mud Grapplers · Rims

Waiting For Support On: TruTrac / PowerTrax
anmut is offline  
#15 (permalink) Old 03-16-2008, 09:31 AM
Registered User
 
Burgy's Avatar
 
Join Date: Jan 2007
Location: Knoxville, TN
Posts: 365
Thanks: 0
Thanked 4 Times in 4 Posts
iTrader Score: 0 reviews
Send a message via AIM to Burgy
Re: Nissan Financing 'Tiers'

Some of the things I've read:

Get your reports and make sure they are accurate - CORRECT mistakes and stay on top of them till its right

Don't close paid off cards

Don't max cards - get them under 30% used

Pay on time

Pay more then minimum

Everything counts, home loans, installment loans (auto), variable credit (cards). They look for a 'balance'. Whats a proper balance? No one can tell you. Has to do with income, age, married, history etc.

MYFico has a very helpful posting forum. Lots of good tips and experiences there.
Burgy is offline  
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Nissan Titan Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Jump to top


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



  Similar Threads
Thread Thread Starter Forum Replies Last Post
@#^@^ Financing !#%! AgTitan06 Titan General Discussion 49 09-26-2006 07:36 PM
Rebate and Nissan Financing ffwilson26 Titan General Discussion 12 08-17-2005 09:10 AM
0% financing????? thinkin bout titan Titan General Discussion 5 03-06-2005 07:28 AM
Chase Financing ttz32 Titan General Discussion 9 02-28-2004 05:41 AM
Want great financing...3.25% for 60...not an ad dman Titan General Discussion 2 02-14-2004 01:41 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On