This was posted 8 years 2 months 29 days ago, and might be an out-dated deal.

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1% Finance Deal on New NISSAN Cars

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1% Finance Deal on New NISSAN Cars
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LSydneyfishrocks on 02/10/2016 - 00:04 nissan.com.au (732 clicks)
Last edited 02/10/2016 - 00:40 by 2 other users

My first post , NISSAN currently is offering 1% finance on all many new cars.

From my point of view, this is a good deal,

however, not the best deal, I was keeping an eye at Nissan at all times as I am hunting for a new 7 seater and the Pathfinder is one of my considerations .

REMINDER, Nissan jacked up the selling price to compensate the loss of the finance deal

FYI , just a couple of weeks ago, the 2WD Pathfinder was 39990 with $1000 EFTPOS card, now is 3000 dollars more.

TERMS AND CONDITIONS

✝1% comparison rate for approved personal applicants and 1% annual percentage rate for approved business applicants of Nissan Financial Services (Australian Credit Licence Number 391464) only. Maximum term 36 months. Terms, conditions and fees apply. No deposit for approved applicants only. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for the purpose of the National Credit Code is based on a 5 year secured loan of $30,000 although this offer relates to a 36 month term only. Offer available on new models purchased between 1/10/16 and 30/11/16 and delivered by 31/12/16. Excludes GT-R; 370Z; Y62 Patrol; Y61 Patrol C/C; Single Cab, King Cab and 4x2 Navara models; and special editions.Excludes Government, Rental and National Fleet customers. Weekly offer based on a consumer loan for a non-premium paint vehicle with a driveaway price of $42,990.00 financed over 36 months with monthly repayments of $600.71 and a balloon payment of $22,354.80. Total amount payable over the term $43,980.36. Nissan reserves the right to vary, extend or withdraw this offer. Not available in conjunction with any other offer. #Maximum recommended driveaway prices for new models ordered between 1/10/16 and 30/11/16 and delivered by 31/12/16. Prices may vary between dealers. Excludes Government, Rental and National Fleet customers. Nissan reserves the right to vary or extend this offer. Premium paint available at additional cost

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closed Comments

  • easternculture on 02/10/2016 - 00:15
    +9

    Excludes GT-R; 370Z; Y62 Patrol; Y61 Patrol C/C; Single Cab, King Cab and 4x2 Navara models

    Well they excluded all the cars i was interested in

    • [Deactivated] on 02/10/2016 - 06:54
      +6

      Absolutely, I too was after a GT-R, and my backup option was a 4x2 Navara :(

    • Unbreakable on 02/10/2016 - 08:34
      +1

      No doubt you lost interest from here: Excludes GT-R…

    • grizz_li on 02/10/2016 - 09:44

      Damn it and I was going to Brodgen all GTRs and flog them off eBay.

  • eneloop on 02/10/2016 - 00:56
    -2

    I shall buy that gtr nismo

  • sillyhead on 02/10/2016 - 07:13

    No Nissan appeals to me at the moment. $43k for a 2wd pathfinder…

  • Lord Fart Bucket on 02/10/2016 - 07:19

    balloon payment

    Yep… 3 years of not paying too much and then you have to cough up all or else no car and no money.

    • Mechz on 02/10/2016 - 09:26

      No, you can just get finance for the balloon payment at the end from somewhere else. Also, the car is not necessarily only worth the value of the balloon payment at the end of the term.

  • XucCac on 02/10/2016 - 08:35

    Any toyota deals?

    • easternculture on 02/10/2016 - 08:41
      +1

      0%* pa on new and demonstrator 2015 and 2016 Camry Petrol and Aurion models

      [*] 0% comparison rate available to approved personal applicants and a 0% annual percentage rate is available to approved business applicants of Toyota Finance to finance new and demonstrator 2015 and 2016 Camry Petrol and Aurion models. Excludes Camry Hybrid. Offer not available to government, fleet and rental buyers. Offer has been extended. Finance applications must be received and approved between 01/09/2016 and 31/10/2016, with vehicles registered and delivered by 31/10/2016. Maximum finance term of 48 months applies. Terms, conditions, fees and charges apply. Toyota Finance reserves the right to change, extend or withdraw an offer at any time. Comparison rate based on a 5 year secured consumer fixed rate loan of $30,000. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Toyota Finance is a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.

      • XucCac on 02/10/2016 - 09:29
        -1

        No prado deals?

    • Spidey on 02/10/2016 - 10:21
      +1

      Im currently on Toyota 0% from a Camry promotion earlier in the year. Its true 0% finance with my monthly payments exactly 1/48th of the purchase price (4 years).

  • smashed on 02/10/2016 - 08:41
    +10

    I don't see how this is a good deal if they put the price up by 10% in your example.

    • Scab on 02/10/2016 - 08:48
      +10

      It's a good deal for them.

    • Mr BoMBAStiG on 02/10/2016 - 18:07

      Exactly. Low finance car deals are not deals, they always bump the price.

      You are always better getting a loan elsewhere and paying as much as you can cash.

  • [Deactivated] on 02/10/2016 - 08:53

    Nissan have never gotten over their reputation from 'DATSUN' days. Recently heard someone disgusted with brake problems with near new Nissan Pathfinder which Nissan blamed in a Chinese OEM. They got dragged further under when joining an alliance with Renault.

  • cozmo on 02/10/2016 - 09:03

    With a 55% balloon payment. Well I guess it's a ok deal for 3 years and then you get a personal loan for the balloon payment.

  • eltito on 02/10/2016 - 09:11

    Soooo quick question, i did google search this question but didn't find the answer :(.

    The comparison rate is the nominal interest rate rate plus any foreseeable fees and charges associated with the loan which is essentially the same as the annual percentage rate (APR), is this correct? Because as far as I'm aware by law the APR has to include any foreseeable fees of the loan, if this is correct then l comparison rate and annual percentage rate are essentially interchangeable. If so, I wonder why the names are different if they mean the same thing?

    Secondly, the comparison rate is still not the effective annual rate (EAR). Is this correct?

    Apologies for the finance question. first year/semester student and just learnt all this.

    • buckster on 03/10/2016 - 09:56

      The comparison rate is calculated with a specific set of circumstances as I recall, so it is not equal to the interest rate (except in very few circumstances) as it can also vary depending on amount borrowed as then fees take up a smaller/greater proportion of cost

  • rambokid on 02/10/2016 - 10:57
    +1

    To each his own… but i would consider a Toyota SUV rather than a Nissan.. For starters, the Toyotas are more reliable and hold better value. Nissans are rife with problems, one of them being the GPS maps not being updated. please search for these.

    Nissan financial services are not helpful at all. Try ringing them and you will know what i am talking about.

  • rovers4eva on 02/10/2016 - 11:53
    +3

    I would say no deal. Could have bought an x-trail 2wd Auto for $28990 the other day (using the 1k EFTPOS card to bring price down) and now the same car is $32490. Think I'll be buying a used car instead…

  • NissanUser on 02/10/2016 - 13:48
    +3

    Just became a member to let everyone know:
    Nissan charges a $750.00 flat fee to setup your 1% loan. So if the car you are buying is $37500.00 the setup fee is already 2% of the value of the car.

    Whats more, if you are buying a vehicle with GPS navigation they will give you two year old maps (latest map version available at time of manufacture they say but actually its at least a year older than the manufacture date). If you seek to get updated maps the cost of the SD Card maps is $750.00

    • slowcoach on 02/10/2016 - 14:09
      +3

      Just thought i'd confirm the second paragraph here. I've got an 18month old T32 XTrail (quite happy btw). Sales people said of course they'll update the maps when it's serviced. Service people said, yes quite a few people have asked about updating maps. We should work out a way of doing that. But as above it's 700+ for the update.

      • beyondtool on 02/10/2016 - 16:48
        +1

        And people complain about Apple CarPlay…

      • Slippery Fish on 02/10/2016 - 17:59

        O.o where are you getting maps to for $700? F that

    • 2ndeffort on 03/10/2016 - 00:25
      +1

      Durely some millenial somewhere has worked out a hack to update the GPS unit without having to pay Nissan $700. Couple of years ago i had a control unit go in my VZ Commodore, fix was a replacement unit at about $1K. A few hours of research on the net found out that when a control unit blew it was nearly always because of a faulty capacitor on the circuit board. A replacement capacitor kit was about $5 from memory from an enterprising chap on eBay. You bought the kit and a soldering iron, you followed the instructions and presto, fixed unit for about $30. Somebody must have worked out how to fix the maps and save $700.

  • [Deactivated] on 02/10/2016 - 18:30
    +2

    What the hell is a balloon payment

    $700 for current maps- disgraceful

  • Mahogany Granger on 02/10/2016 - 20:01
    +1

    Hyundai/toyota are better for vehicle reliability and after sales service.

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