Hey there, I was wondering with having the invoice price info and all the cash back deals that a dealer gets from infiniti. Does it make a difference if you pay all cash vs going with financing?

I would assume its just easier to get a lower offer if you had all cash, but can you still get the same type of deals that cash buyers get if you were to finance?

 

cash incentives or discount financing...can not have both.

I took the cash. You could go that route and get your own finanicng likely at a better price than the dealer.

 

The problem here in canada, is their isn't to many options in terms of where you can get financing from. It's either your bank or the car company. In this case the banks are offering 6.5% vs the 2.9% from the car companies. I'm just trying to think should I wait about a year so that I have enough money to just straight up buy the car or go the financing route. Unless you guys know of other places in canada that offer financing options?

 

The car companies have other financing options too. Go in and let them work up the numbers for you both with the cash back and higher finance rate and with no cash and lower rate. I did that and ended up taking the cash and 5.9% rate. Over the life of the loan I will pay less interest with this option than I would have with the lower rate. Especially since we usually pay extra on each payment.

 

i took the $2K incentive and got a 4.09% for 60 months. 48 months is 3.99%. I will just pay it off in like 20-24 months so it's not a big deal. You can get prequalified for an car loan online before you go so you have an idea what the current rates are.