I did the IFS loan just to get the discount. Paid it off a week later. No penalty.
Thanks for confirming that the IFS incentive works even if you pay off the loan right away with no pre-payment penalty.I did the IFS loan just to get the discount. Paid it off a week later. No penalty.
Not bad at all! It just goes to show, try to pay it off as soon as you can and you're set.What happens with Infiniti Financial is each dealership gets a $750 "incentive" from corporate if a customer finances. The dealership runs this as a discount on the car because it allows us to get the cars out to the customer for a better price. They do this so they can make money on interest, but if you pay it off right away, it really is just an advantage to the customer.
exactly. many other businesses are like this. just imagine if they threw the incentive in at the beginning, no room to negotiate that would benefit them on their end.Correct, sales consultants usually don't begin the deal by saying there is this type of incentive, it would be used toward the end to help make a deal. It is just a way for Infiniti to try and get more people financing through them so they make money on interest. Most money at a dealership is not made in sales (one good thing to keep in mind).