I bought my Max with 4.15 % interest rate and I have about 4 years to payoff, I just wanted to save a little extra money for this year, so I'd like to know has anybody done refinance for your Max ?
BTW, I'm currently financing with Nissan Motor.

 

I refinaced my Maxima at my credit union for a little less than 4.15%
Why?

 

finance managers are the biggest a-holes, especially the one at ECAM in englewood cliffs, nj. just had to throw that in there.

i think im financing right now at 3.99% through chase, dont know if you could refinance through them tho.

 

Refi rates are typically higher than the prevailing market rates for new cars. Netbank typically has very good rates and they range from 5.15 for 36 months to 6.25 for 72 months for refi. If you are wanting to save money, I would not advise doing it by extending the term as that will only make you more upside down than you already are (unless you put a bunch of cash down on the front end). This would cost you way more money in the future. Try an equity loan, eliminating the movie channels off your cable package, or taking your lunch to work. You are probably only a year from being right side up in a loan with a great rate and a car that should last a long time. Coming from a CPA that just paid 8k out of pocket from being upside down in a car, keep what you have.

 

Last month year end special 05's were 2% financing, and leftover 04's were 1% financing through Nissan. I picked up an 04 :-) with a $1000 rebate from the dealer. I believe I got a good deal.

Anyway, on to the question at hand. I haven't really heard of many places doing refi on cars - atleast for less then 5% around my area. I'd try calling around to a few banks. I'd suggest just making extra payments to avoid the higher interest. If you can pay the car off within 2 years you'll avoid the accrued interest.

 

Maxium:
Are you sure that you didn't get the rebate OR the financing rate? Not both.

 

I am sure I got both - finance is a minor so I pay attention to numbers on paper. Rare to hear I know... Normally I know it's an either finance option, or the rebate. In this case I got both. Guess the dealer really wanted to clear the lot of 04's.