AUTO LOAN COAF approved check interest rate negotiation ?

[Anonymous]

Hello,

I was approved for $30,000 for COAF check and the interest rate for  vehicles is 10%, is it possible to neogiate this with them ? have anyone tried ?

Thanks

[Anonymous]

Ok I spoke to them and they told me its pretty much fixed unless I want to lower the years.

Anyone had a success in negotiating the rate ?

Thanks

[HoldingOntoHope]

You will probably not be able to negotiate the rate with that issuer but you can always go the dealership and see if they can find you a different lender with a better rate. It's always nice to have a pre-approved option in your pocket before you let the dealer shop it.

[Joteism]

And of course as far as the dealer is concerned, the APR you got for the 30k was 5%.