Hello all,

when you bought your car, you tried to get the best price. Did you also try to negotiate the interest rate? The interest rate today for lets say 48 months purchase financing is 2.9% from infiniti finance. Has anyone tried to negotiate the interest rate? Did it work?

Thanks for your input.

 

Interest rates are non-negotiable because you are leasing/financing through Nissan Canada...not the dealer. 2.9% is a very good rate as it is.

 

If there's no special rates from the manufacturer in place, like standard market rates, in that case, you can talk to your own bank & see if there's a way for you to get a better rate from the bank. Other than that, no, interest rates from the manufacturer aren't negotiable, they're usually much better than the standard market rate for a car loan from the bank.

 

Thanks. I asked because my colleague just bought a Lexus and he was able to negotiate the standard rate down by 1%.

 

He had to put down a multiple security deposit to do that, I believe Infiniti offers something similar. It's only on leases though

 

standard bank financing rates can be bought down all the way to 0% (the interest is just paid up front). Special rates from the manufacturer are already as low as those ones get.