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Nissan Vehicles Only - Cheap 1% Finance

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Nissan Vehicles Only - Cheap 1% Finance
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AssociatedLgonzo2 @ Nissan Australia on 08/07/2012 - 18:41 files.ozbargain.com.au (4889 clicks)
Last edited 09/07/2012 - 11:40

My relative from Lander Nissan mentioned a cheap 1% finance deal on Nissan vehicles only for the first time ever in Australia.

The sale is for this week only. Monday 9th July - Sunday 15th July. If you want more info call or email Lander Nissan Blacktown on the details below and mention that you saw the post on OzBargain. Also, I think they can organise freight to anywhere in Oz not just NSW but don't quote me on that.

Lander Nissan Blacktown
Phone
(02)8884 4477

Website
http://nsw.ahg.com.au/Lander-Nissan/dealer-details.php

Cheers!

Automotive Car Loan Nissan

Related Stores

Nissan Australia
Nissan Australia

closed Comments

  • Quasi Human on 08/07/2012 - 18:45
    +22

    Nothing like impulse buying a new car!

    • vid_ghost on 09/07/2012 - 10:00
      +2

      i'll take two

    • [Deactivated] on 10/07/2012 - 09:35

      This is Australia, where people make impulse purchases on houses!

  • PissLUR on 08/07/2012 - 18:45

    whats the catch?

    • ibfragalot on 08/07/2012 - 18:47
      +13

      The catch is, as with all low-percent finance deals (I'm looking at you Toyota!) that the dealer generally won't let you bargain the price anymore. So even though your saving on the %, your paying RRP on the vehicle.

      • berger on 08/07/2012 - 18:49

        Can still bargain, we negotiated a price on a new Corolla last month.

        • pmupsinep on 08/07/2012 - 18:53
          +4

          Nowhere near as much than if you didn't take out your ultra low interest finance

        • morpheu on 08/07/2012 - 19:01
          +8

          yeah but were you offered 1% finance on that Corolla?

        • Fuzor on 09/07/2012 - 19:52
          +1

          The cheap arse way to do it is to negotiate first then drop the bomb on them lol

      • UFO on 08/07/2012 - 19:16
        +18

        Rubbish.

        You negotiate the best possible price on a car with YOUR OWN finance pre approved, and then when you've got the deal you are happy with- THEN you go for their finance option if you want to.

        But best way to negotiate for a car is to rock into a dealer knowing which car you want, what options you want, no test driving etc etc. Do all that beforehand, and then rock into a dealer ready to talk price straight away- no tire kicking.

        You watch how differently they treat you.

        • jv on 08/07/2012 - 21:41

          with YOUR OWN finance pre approved

          where can you get your own finance for 1% ?

        • prawnhead on 08/07/2012 - 21:51
          -2

          @UFO

          "You negotiate the best possible price on a car with YOUR OWN finance pre approved, and then when you've got the deal you are happy with- THEN you go for their finance option if you want to."

          Rubbish!!!! If you already negotiate a very attractive price, they will not offer you 1% deal! You really thinks car dealers are non-profits organizations???? Sorry to offend you but its very native for you to say that. Where does the money comes from??? Think!!

        • Explosions_Hurt on 08/07/2012 - 21:55
          +25

          Native!!! AHAHAHAHAHAHAHA

        • JepunK on 08/07/2012 - 22:52
          +1

          Hahaha..must be an asian…because I would think like u…haha

        • UFO on 09/07/2012 - 00:14
          -1

          @Jv: Umm… you cant. Never said you could get 1% anywhere else.

        • prawnhead on 09/07/2012 - 00:18
          +1

          lol, i just realise i spelled wrong to ALL my comments. It suppose to be naive.

        • UFO on 09/07/2012 - 00:21
          +6

          @ Prawnhead

          Mate, I dont know how many cars you've bought in your life…. but I can honestly tell you that if you ask for finance first AND THEN try to negotiate after they've gone through the hassle of finance application, you WONT get as good a deal.

          A car dealer has different departments mate. New car sales, 2nd hand cars, trade ins, finance, service bla bla bla.

          They work independant from each other, and YOU CAN work them against each other.

          You negotiate the price of the car, THEN you negotiate finance terms. If you think you should negotiate it all at once, you are crazy.

          If you have your finance all lined up when buying, its up to them to beat the deal you currently have. And if they want your business at 1%, it's better than 0% (as in you not using them).

          Its good business mate, not being naive at all.

        • UFO on 09/07/2012 - 00:28
          +3

          Dude, 1% with them is better than 0% going elsewhere.

          If youre negotiating finance and price all at once, you are losing out every time. Trust me.

        • prawnhead on 09/07/2012 - 00:42
          -1

          I use to work as an Assistant sales manager in multi franchise dealership for many many years. Is that enough to answer your question? I am referring to this particular deal. When a deal refers to finance, it needs to meet the deal's T&C before a contract in place. So guess which dept needed to qualify first????

        • Steptoe on 09/07/2012 - 06:51

          At the Crossroads.

        • Untameable on 09/07/2012 - 09:21
          +1

          Oh yeah you totally have to get the price solidified first before talking finance. Though, that's also when they get you - when you come to sign your finance papers at the dealership there's usually half a dozen extra fees on the loan you didn't approve of :( "Oh but it's okay, it's part of the loan!" NO!

        • BlitzR on 09/07/2012 - 09:32

          prawnhead, I'm guessing you did not last long as the assistant sale manager?
          I've purchased a few cars over the years. Never once have I ever talked finance with the dealer before agreeing on a driveaway price.

          At the end of the day the dealer makes money on the profile they make on top of their cost price, not on the interest made from the finance.

        • prawnhead on 09/07/2012 - 09:54
          -3

          Whatever you say doesnt bother me for how long I've hold my position. Dont rate yourself too highly to judge people that your not in the industry. Obviously you think car saleman is easy to challenge. Try to challenge profession like doctor or lawyers where you know very little of. Automotive industry also has the skills and knowledge that you totally not aware of. Anyway, I 've said enough.

          If you guys derailed the key point here, then yes, of course you settle with the price before finance comes into play BUT we are talking about 1% finance deal. Well, real estate and car saleman always get hammered anyway. When you guys who negged me gonna wake up to realize dealers are not their to run charities. By all means, dont be a keyboard warrior which you not even in the trade and go get a best possible price and trying to get 1% deal. Some of you guys may even had burned by car salesman in the past i believe as you guys thinking they have zillions of dollars up their sleeve to play with and they dont give you the deal you want and by saving embarrassment, went on and brought something else. I've seen so much people done that. When a man's ego at stakes, this is what happen. You are keep negging me for my inputs of offering the real info which can assist you to understand the car market will not help to others who is looking for bit more info.

        • giggles on 09/07/2012 - 09:58
          -2

          '…comes from'. eat more prawns dude.

        • prawnhead on 09/07/2012 - 10:08
          -2

          @BlitzR

          Of course you never once heard of because you havent brought enough cars enough to find out. Have you ever brought a car under special % rate deals? Or have you ever brought a car at a higher selling price then the other dealer but the finance was better?? have you ever brought a car and when ready to sign finance documents but then realise there were other fees involved and cannot back out as you already settle with a best price of the vehicle?? AND when you try to backout of the deal with your limited knowledge of "offer to purchase" but failed, that when you get burned by car dealers thinking they are sharks.

        • BlitzR on 09/07/2012 - 10:12
          +1

          "By all means, dont be a keyboard warrior which you not even in the trade"…

          You are the person on this thread that is looking like a king of all keyboard warriors.

          I've helped my sister buy her 2nd card with Toyota when they had their 2.x% finance offer. The first 2 dealers would not budge on the sticker price, so I went to a difference dealer and got $2500 off the price of a Carolla which included the 2.x% finance.

          At the end of the day, it comes down to the sales person & dealer wanting to budge on their sticker price. If they don't budge, its simple, go to a different dealer..

        • prawnhead on 09/07/2012 - 10:17
          -1

          In the normal circumstances when buying a car, yes, price first before finance but the deal here is 1% finance!!!!!!!!!!!!

          And the fees, well, you've learn a lesson now, right? Im sure you will ask those questions up front before signing any papers including the "offer to purchase" contract.

        • BlitzR on 09/07/2012 - 10:17
          -1

          …..

        • BlitzR on 09/07/2012 - 10:18
          -1

          ……

        • prawnhead on 09/07/2012 - 10:28
          -2

          If my input for trying to help others to understand the REAL facts had offended people like you who thinks they know the knowledge, then i have nothing to say but to more mature OBers,they see the real side of it.

          I have alot of pride when i was in the automotive industry. When i first started, I see alot of dirty tricks that other sale people do and i hated it. I do business in the best ethical way as possible. I never had a complaint from a customer (you dont have to believe me). I once had a silly naive idea thinking i can change people perception of car salesman but i was so wrong. I wake up and say to myself as long as I dont use dirty tactics to get people to buy a car, I can walk up with my head up. As well as my staff, I dont authorise them to give false info in order to get a sales. This is probably the reason I post comments to challenge people who thinks they know everything who have perception of cars business are sharks or they have zillions of dollars to throw away.

        • pmupsinep on 09/07/2012 - 10:45
          +5

          Anyone who uses the word "brought" instead of "bought" is not worth listening to.

        • BlitzR on 09/07/2012 - 11:25
          +2

          LoL

        • MATTDAMON on 09/07/2012 - 17:01

          @prawnhead, thats why you get a signed written qoute before even mentioning finance, its then a legal document which they have to honor.

        • prawnhead on 09/07/2012 - 19:32

          where/how/when did u ever got a "signed" written quote?

        • Typical16-bitEnjoyer on 09/07/2012 - 22:08

          you obviously do not know contract law.

      • FitzChivalry Farseer on 08/07/2012 - 22:12
        +5

        Who in this day and age settles finance before they settle the price? You don't do it on a house, you don't do it your groceries at the supermarket, why would you do it on a car. Simply Dumb to do so.

        FFS people don't play their game. Haggle hard on the price (including trade in) and then demand they meet their advertised finance commitment if you want to go down that path.. They are legally not able to remove their finance offer just because you negotiated a decent price up front.

        BTW I'd much rather receive free on-road costs with the 2.9% deal Nissan were offering earlier this year than this deal. You'd save over a grand up front = less money to finance.

        • prawnhead on 08/07/2012 - 22:24

          Another native little potato believing money falls from the sky.
          Nissan is offering 1% finance and also discount the cars by thousands of dollars?? But also give you top dollar for your trade in too??? Zzzz…Zzzz….u must be dreaming.

          Another thing, you think your simple game play will outweigh their Terms & Condition set out by a full legal team?? Native to the max!!

        • ibfragalot on 08/07/2012 - 22:51
          +1

          Yep, what prawnhead said. Dreamin.

          From the bottom of the ad:
          "other loan amounts might result in a different comparison rate". Different as in, no freakin way it will still be 1%!!

        • billybrown on 08/07/2012 - 23:27
          +3

          native indeed…

        • StewBalls on 09/07/2012 - 00:12
          +13

          So what's the go, do you have to be indigenous to get one of these native deals I keep hearing about or what? :p

        • prawnhead on 09/07/2012 - 00:18
          -1

          lol, i just realise i spelled wrong to ALL my comments. It suppose to be naive.

        • prawnhead on 09/07/2012 - 00:18

          lol, i just realise i spelled wrong to ALL my comments. It suppose to be naive.

        • m0nkeycheese on 09/07/2012 - 00:50

          Dw

        • Steptoe on 09/07/2012 - 06:54

          +1 for the Spelling Police

        • Entropy Reseller on 09/07/2012 - 10:13
          +4

          I thought this was a bargain on car finance but it turns out that prawnhead is an expert on edible native tubers. Can we discuss these on the forums? I'm very interested in your knowledge of said potatoes.

        • Lune on 09/07/2012 - 10:21
          +3

          "you think your simple game play will outweigh their Terms & Condition set out by a full legal team?"

          Actually, yes (in some situations). Certain groups (the ACCC, for example) don't look too kindly when someone represents X and the T&Cs say Y. Nasty words and phrases like 'misrepresentation', 'misleading and deceptive conduct' and 'bait and switch' might get thrown about.

    • berger on 08/07/2012 - 18:48
      +18

      Cars not being sold. That's the main reason for the low finance..

      • Kampfer on 08/07/2012 - 21:42

        Not true, more vehicles were sold in June this year than in any other month in Australia’s history, with a total of 112,566 vehicles delivered across the country.

        The record month eclipsed the previous record set in June 2010, when 108,722 vehicles were sold.

        With total sales up 10.4 per cent so far this year, the Australian automotive industry is on track for a record sales year.

        Source: CarAdvice.com.au 04June12.

        • prawnhead on 08/07/2012 - 21:56
          +1

          Mmm…..berger is referring to Nissan only i think so the statistic is referring as a whole motor industry, not Nissan at all. As well as for Honda, they not moving as many cars as use to be.

        • heatseeker424 on 09/07/2012 - 01:31

          With the new players in the market like Great Wall, Chery among others their market share has decreased. Probably even further by the rise of Hyundai? I'm not entirely sure.

        • MrZ on 09/07/2012 - 10:23

          Nissan are selling extremely well at the moment.

        • SupeNintendoChalmers on 09/07/2012 - 12:54

          exactly. They may hit number 5 in top selling marquees this year.

  • Monger on 08/07/2012 - 18:56

    Seems to be a nationwide deal, Www.nissan.com.au have 2.7% on their front page but several models have 1% when you click through to their individual pages

    • snappy1234 on 08/07/2012 - 19:02
      +1

      Yep walked passed my local Nissan dealer today… huge banner saying 1% deal (queensland)

    • MATTDAMON on 08/07/2012 - 19:21
      +3

      Being their website is a hideous monstrosity of javascript, anyone got a list of what vehicles exactly have the 1% finance?

  • Matt P on 08/07/2012 - 19:21
    +10

    i can guarantee if you get the 1% deal on a negotiated price, you haven't managed to get a good deal. They can't throw away thousands of dollars on the finance deal without getting it back somewhere else (for what its worth, i work in motor vehicle finance)

    • MATTDAMON on 08/07/2012 - 19:27
      +1

      Yes and no, it all boils down to the tipover point, whether the money saved from the finance outweighs the discounts that could occur going for external finance.

      • prawnhead on 08/07/2012 - 21:18
        +3

        No, the money you save on the best possible price for a car will never match with the money you save from 1% deal. The 1% finance deal is subsidies from Nissan Australia. The difference of the margin from a current interest rate and the 1% rate is partly subsidies from the "margin" of the vehicle that you getting and Nissan Australia. So if you finance yourself, you only save from the margin of the vehicle but no subsidies. Therefor if you negotiated a good deal and try to get the 1% finance, they simply say "cant do it". Very simple! They sell cars as business, not charity! Same as "NO on road cost" deals that advertise from Manufacture. The total "on road cost" for a $30000 car for example is approx 3-3.5k. Then part of that comes from margin and part of that comes from manufacture subsidies. There is still a very small room to move on price but not thousands, hundreds i'll say. I believe for the 1% deals, that leave very little room for negotiation. Another thing i should mention that with 1% deals, maybe you have to pay on road cost yourself and only allow to finance the car RRP. Then the on road cost consist of "Dealer Delivery" which most of that cost for dealer delivery is margin towards the car. AND also 1% deals may attract a documents fees which is on top of the finance price.

    • Cheeper on 08/07/2012 - 19:42

      Matt… as you are an expert can you explain why one dealer will laugh at your offer saying it is way under cost and then another dealer jumps at your offer???

      • ibfragalot on 08/07/2012 - 20:10
        +3

        Some sales they make good profits, some sales they make losses. At the end of the month/cycle though they need to sell X number of cars or the head office won't be happy. So dealers that are close to end of cycle and have'nt sold enough cars yet will jump at any buyer even if it means they are selling under cost. Dealerships can lose their license to sell the brand if they are consistently not moving cars well.

        • UFO on 09/07/2012 - 00:31
          +1

          exactly right ibfragalot, well said.

      • Matt P on 08/07/2012 - 21:16
        +1

        ibfragalot is pretty much on the money. Sometimes you just come across a salesperson who needs to make a target. Sometimes you find a guy who has already made his.

        • prawnhead on 08/07/2012 - 21:40
          +2

          There are also alot of factors involved. I will just name a few.
          ~The potential customer is in their prime market area so the dealer dont want to lose a customer who lives in their dealer network.
          ~The dealer itself is chasing numbers to remains top dealer for the state
          ~The dealer may have a old stock car with built date of 6 months ago (but still is a new car) and maybe the car has a factory bonus on it (from previous promotions like no on road cost being a old build) which the competitor has no "old stock".
          ~Maybe they found out the customer is going for dealer in house finance which brings margin back to the dealer
          Its not all but i just want to say is there are many reasons a dealer will sell a car undercost.

        • ibfragalot on 08/07/2012 - 23:04

          good job summarizing what I said in one line what I needed 4 lines for :) I need to work on that!!

        • Cheeper on 09/07/2012 - 00:38

          Thanks for the feedback guys. Just happy i got almost $50k of new wheels for $37k. :-) As we all know here at OZB… shop around!!

    • mini2 on 08/07/2012 - 21:45

      Spoke to one dealer already re a 370z and he said if you don't want the 1% finance deal, some other rebates/bonus will be applied. Might not be such a bad deal if you needed it on a novated lease or the like.

    • UFO on 09/07/2012 - 00:25
      +2

      completely separate.

      negotiated price is separate to financing.

      just like buying a house (overly simplistic view I know, but its very similar….. you shop around for best finance and take the best deal SEPARATELY to negotiating purchase price)

      • spackbace on 10/07/2012 - 12:37
        +1

        Except in these promotions, where the interest rate is tied in with the purchase price of the car. Ie full rrp - 1% finance, negotiated price - 8-20% finance

  • goyourself on 08/07/2012 - 19:29
    +7

    Reckon they will do 1% finance on a R35 GTR? ;)

    • ryang on 08/07/2012 - 19:33
      +3

      Considering the image linked says;

      "Across the Nissan range. ^

      ^ Excludes LEAF and GT-R"

      • goyourself on 08/07/2012 - 19:55
        +1

        wtf is a leaf?

        • ibfragalot on 08/07/2012 - 20:10
          +43

          the exact opposite of a GT-R ;)

        • thushan on 08/07/2012 - 20:12

          Nissan Leaf 100% electric. Opposite of the GT-R :-)

        • daewoo on 08/07/2012 - 20:13
          -6

          http://lmgtfy.com/?q=nissan+leaf&l=1

        • johnno07 on 09/07/2012 - 20:04

          Yeah you're really in a position to give attitude, "daewoo".

        • daewoo on 10/07/2012 - 15:37
          +1

          So if I change my modest username to my current car (newBMWcoupe), am I "…in a position to give attitude" by your standards? Judgemental sooky poo.

          Use OzBargain to contribute (friendly sarcasm can be a valid contribution). Personal attacks with you own twist of attitude aren't contributions.

        • johnno07 on 11/07/2012 - 17:14

          Yeah I was actually using sarcasm. I thought that considering the clear connection between your username and the subject matter of this deal post, that some form of 'sarcasm indicator' (e.g. italics or ;P) wasn't necessary. I do apologise that you took it as a personal attack. Good work on somehow working into your response that you own a new BMW coupe, though.

  • linnaen on 08/07/2012 - 19:31
    +1

    There was just a tv advert for it on SBS, so presume it must be nationwide

  • Cheeper on 08/07/2012 - 19:44

    Too lazy to read the fine print but it is one of those offers where you put down 1/3 deposit pay off 1/3 over a few years then pay 1/3 at the end?? or similar??

  • spackbace on 08/07/2012 - 19:48
    +9

    Usual stupid finance figures with usual stupid people thinking there isn't a catch. Pay full rrp, get 1%. Tell you what, when you go buy one, when it comes to negotiating, I bet the salesman will ask early on if you want that 1% or not. I wonder why he'd do that…

  • snappy1234 on 08/07/2012 - 19:53

    Jeez just ask GONZO2 for mates rates (if his Relo wants the sale ;)

  • [Deactivated] on 08/07/2012 - 19:56
    +4

    squeeze a deal, put your $$ into a term deposit and pocket the difference. -income tax ;)

  • genxevo on 08/07/2012 - 20:33

    Cheers! looking to get a dualis.. anyone know if the diesel version is out yet? Can't find anything other than articles last year about it coming…

  • snajper on 08/07/2012 - 20:56
    +3

    my mate just bought $70k pathfinder . Most dealers offered him 65$k for cash or his own finance or $70k on 1% deal so he technically pays 5k extra to get 1% finance. very dodgy

    • prawnhead on 08/07/2012 - 21:24
      +5

      Not doggy at all. For a 70K finance, the total interest paid for a 5 years loan is MORE then 5K.

    • Wallyt99 on 08/07/2012 - 22:44
      +1

      It is dodgy… because comparison rates, which are requirements of law need to include all fees and charges. That is to say… they must include the $5000.

      Basically, negotioate a deal, get it in writing, then claim you want 1% finance. They cannot refuse the finance offer on the grounds that the price you negotiated was a 'cash price' because the comparison rate, by law, includes all fees and charges.

      If they want to charge more when you use this finance deal then they cannot advertise at 1% without breaking the law.

      • prawnhead on 08/07/2012 - 23:09
        +5

        I dont know what regulations or legislation of legal requirements of finance documentations needed to be but let me tell you, the only chance you get a written "offer" or "quotation" of a vehicle sales price is from a fleet dept. AND let me guarantee you that the 1% deal doesnt apply to fleets and also there might be T&C for fleet quotations as well (e.g, prices is subject to change without notice or price offer till XX/XX/XXXX) No dealer will give you a written "offer to purchase" for private buyers before they commit. Have you ever experience that the sale contract was sign by the dealer and the rep before asking you to sign?? A car sales contract is sign by the customer first before the rep and before the dealer's manager/principle. Without the Dealer Manager signatory, the contract is not legally blinded yet. A written price offer for a "new" car is like palming the sale to another competitor.

      • Typical16-bitEnjoyer on 09/07/2012 - 22:13

        they can refuse finance for any reason they like.

        "to approved applicants..yadda yadda"

        The get-out clause for every finance/loan/interest free offer out there.

  • mikk on 08/07/2012 - 21:00

    This has been all over TV all weekend here in Brisbane.

  • spackbace on 08/07/2012 - 21:34

    Ih and don't forget, you can't refinance a current rate on your tradein. So if you will have a shortfall on your trade, don't bother.

  • thut6366 on 08/07/2012 - 21:54

    Looking at the terms and conditions the 1% is calculated over 36 months for $30,000. And you need to lock into a 5 year contract. So after the 36 months what ever you havent paid off will be at 19-29% is the legal top limit.

    • Wallyt99 on 08/07/2012 - 22:49
      +1

      Er…..No.

      The 5 year term is what the comparison rate is calculated on the basis of, and it is standard across all motor vehicle finance advertisements. The reason the term is always 5 years is so that if there is an annual fee on the loan the comparison rate will reflect it in the same way across all loans.

      Ultimately, if you had a balance after 36 Months and you did not pay it there is a fair chance the rate would be as above eg 20%, however there would be nothing (except a global recession) stopping you from paying back the full amount after 36 months.

      • thut6366 on 08/07/2012 - 23:16
        +1

        Um thats what i said lolz

  • Explosions_Hurt on 08/07/2012 - 22:37
    -2

    OP's cousin works as a salesman
    representative

  • chetsme on 08/07/2012 - 22:40

    @gonzo2: what is the discount you can offer on RRP?

    • Associatedgonzo2 @ Nissan Australia on 08/07/2012 - 23:30

      as Explosions_Hurt said above, my cousin is a salesman at a dealership. I'm not directly associated with Nissan but I thought I'd declare at the start how I came across the deal. By all means shoot an email enquiry to the guys at Lander or give them a call on Monday to negotiate something! Good luck!

  • Simz on 08/07/2012 - 23:49
    +2

    I work at a Nissan dealer, all you guys speculating about a catch just go into a dealer and check it out.
    Nissan are just trying to sell cars it's a promotion it's not a money making venture, they make money off the cars like every other manufacturer.
    In the past with these promotions ie last months 2.7, there were no fees to take the loan out and no ongoing fees for private buyers.

    • spackbace on 09/07/2012 - 00:30
      +5

      So you're telling me there's no establishment fee? Bullshit! Obviously you don't work finance at the dealership.

      As has been said before, negotiate a cash price, then when it's signed off, ask for the 1% finance and see how u go!

      At the end of the day, people should buy cars, not interest rates.

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