My own latest deal was strictly cash and trade-in, but the current "special offer" interest rates for new vehicles posted by my North Bay Hyundai dealership (see here) start from 3.49% and up. That is consistent with Hyundai Canada's current "special offer" rates (see here) also starting at 3.49% and up. Bank rates are, of course, a whole other issue depending on individual negotiations, credit ratings, et cetera. See, for example, the RBC calculator here.

 

I just went through this a month ago. It seems the 3.49% that Hyundai is offering is for select models and specifically to clear out 2022 inventories. The base interest rate that I was offered (my credit score is in the high 800s) was 4.99 for the 2023 Palisade Caliigraphy. I was able to negotiate that down to 4.24% over 84 months going with Hyundai Canada Finance.

There is likely going to be another 500-750 basis point increase in September so I would try to lock in soon if I were you.

 

Anything in particular you did when negotiating rates?