Need Advice: How to negotiate on new car loan

[Alex292929]

We’re buying a new car and need advice:
-Loan Amount: ₹7L
-Down Payment: ₹1.5L
-Offer Details (Kotak): 9.3% p.a. (Fixed), ₹7,500 processing fee, 24-month tenure.

Looking for:
1.Tips to negotiate better terms.

2.Suggestions for other bank to apply to (can consider one more- Should I apply directly with banks or through the dealer).

3.Advice on whether fixed or floating rates would be better for 2025.

Would appreciate any insights!

 

[aniketkr.sharma]

We’re buying a new car and need advice:
-Loan Amount: ₹7L
-Down Payment: ₹1.5L
-Offer Details (Kotak): 9.3% p.a. (Fixed), ₹7,500 processing fee, 24-month tenure.

Looking for:
1.Tips to negotiate better terms.

2.Suggestions for other bank to apply to (can consider one more- Should I apply directly with banks or through the dealer).

3.Advice on whether fixed or floating rates would be better for 2025.

Would appreciate any insights!

Fixed is better than floater now as the repo rate is no where going to decrease now for 3 years