Finance Information
Budget
Friendly Solutions
We offer a wide range of carefully selected financing options from among the most competitive and affordable lenders available.
Fast Application Process
Our Finance Department will work with you to complete your personalized credit application as quickly as possible.
Honesty
and
Integrity
Our finance process is completely transparent and our lenders will keep your personal information private.
How Finance Decisions Are Made
Fort Myers INFINITI works hard to make sure that each of our customers gets the financing package that meets their needs. Not just approval, but making sure that you receive the best rates and terms we can find. Our transparent process of financing keeps you in the loop and informed of every important aspect of the transaction.
We work for instant, on the spot financing. In determining how quickly we can get the job done we look at the following factors:
1
Vehicle Information:
Make, model, year.
2
Personal Information:
Income, employment history, length of time in residence.
3
Credit History:
Information from credit reporting agencies.
4
Down Payment:
How much you will be borrowing.
Each of these four items goes towards the final financing decision.
What to bring with you
A valid driver's license
Proof of Insurance
Proof of Current Income
Proof of Current Residence
Proof of Current Phone Number
In some cases, you may be asked for additional information. We'll walk you through every step of the way and respect your privacy and concerns.
Factors Affecting Your Monthly Payment
Considering how much monthly investment your new or used INFINITI will require depends on the following three factors:
1
The amount of your loan.
2
The length of your loan.
3
The APR of your loan.
In the information below you can see how, amount financed, length of loan, and APR affect your monthly investment:
Monthly Payment
$372
Total Amount Financed
$17,500
Number of Months Financed
60 months
Annual Percentage Rate
10.00
Monthly Payment
$372
Details
Standard financing
$335
Total Amount Financed
$15,500
Number of Months Financed
60 months
Annual Percentage Rate
10.00
Monthly Payment
$335
Details
Reducing 10% of the financed amount equates to 10% less in payments
$346
Total Amount Financed
$17,500
Number of Months Financed
66 months
Annual Percentage Rate
10.00
Monthly Payment
$346
Details
Increasing length of loan by 10% equates to a 7% reduction in monthly payment
$363
Total Amount Financed
$17,500
Number of Months Financed
60 months
Annual Percentage Rate
9.00
Monthly Payment
$363
Details
A 10% reduction in interest equates to a 3% payment reduction
Credit Score
Credit is greatly affected by how high of a score the major credit reporting companies place you in their rankings. As with any loan, the better your credit ranking, the better rate you will be able to receive and along with more favorable terms.
The major benchmarks are between the numbers 350 and 850. The closer your report puts you towards the 850 benchmark the more favorable options you will have to choose from. It's all risk management from the lenders point of view, and the higher your benchmark number, the better risk you represent to the lender. You are rewarded for being a good lending risk.
Factors influencing your number include:
1
Timely payment history
2
Current debt load
3
Number of open lines of credit
4
Number of recent credit inquiries
5
Judgments or liens on file for you
Leading Credit Reporting Agencies
Credit Challenges
Often times one or more of the above factors has a negative influence on our customers' ability to receive the most favorable terms and rates. We understand that even among the most credit savvy individuals, sudden job loss or changes occur, emergency expenses happen, and issues out of your control create unwanted situations in your life. That's where our finance professionals can help the most.
Our team has a vast array of resources they can call upon to help you work past any issues you may be experiencing with your current credit situation. Quickly and professionally, our financing group will address the issues that are affecting your approval. Once properly complete, you'll receive all the options available to make your choice.
Your Monthly Budget
Many lenders suggest that you spend less than 15% of your gross monthly income (GMI) on your car payment monthly. Some examples include:
$2000 GMI
= $300 or less per month
$4000 GMI
= $600 or less per month
Monthly payments normally range from $20 - $25 per $1,000 financed.
Making the Fit
The mission we pride ourselves on here at Fort Myers INFINITI is to deliver exceptional customer service. It isn't that we are selling cars, we are building relationships. We value the opportunity to service your financing needs for your next new or used INFINITI purchase.
Working with you we are sure that you will be satisfied with our ability to create a financing package that meets your demands. Feel free to give us a call at 239-935-8077 to find our more information, or stop in the showroom so we can meet in person. We are conveniently located at 14990 S Tamiami Trail here in Fort Myers.