Interest rate on Honda Vehicles
 

Can Interest rate be negotiated when purchasing a Honda vehicles?
Also, can I get a bargain on a Honda, like it seems to be with the big
3.

This is going to be the first time with Honda...
Thank you

Re: Interest rate on Honda Vehicles
 

On Wed, 04 Feb 2009 05:40:02 -0800, acforn wrote:

> Can Interest rate be negotiated when purchasing a Honda vehicles?

Probably, although this question can't really be answered the way you
have asked it. Are you financing through Honda, or your local bank, or
what? In either case, the answer is "probably".

> Also, can I get a bargain on a Honda, like it seems to be with the
> big 3.

Define "bargain".


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Re: Interest rate on Honda Vehicles
 

In article
<ec805b38-3096-4402-9b58-10be42851c36@r41g2000prr.googlegroups.com>,
acforn@zoominternet.net wrote:

> Can Interest rate be negotiated when purchasing a Honda vehicles?
> Also, can I get a bargain on a Honda, like it seems to be with the big
> 3.
>
> This is going to be the first time with Honda...
> Thank you

You don't have to buy the money from Honda. You may buy the money from
anyone. The dealer just wants the cash. It doesn't matter whose name
is on the check.

And if you want the dealership to broker the money deal for you, they
work with anyone and everyone.

So yes, it's negotiable. Everything is negotiable.

You have to evaluate each part of the deal separately: the purchase
price of the car and the purchase price/total cost of the money you're
buying to acquire the car.

And keep in mind that money is a fungible; it's all the same no matter
where you acquire it. So get it for the absolute cheapest you can.
That may entail some work on your part. A slightly higher interest rate
may give some other perks you want, for example.

My advice is never to buy more than one thing from the dealer. Get a
price from the dealer, period. Buy your money from somewhere else. If
you have a used car to sell, sell it as a separate transaction.

Remember--the more things you tie up into one transaction with one
salesman, the more chances he has to rip you off.

Re: Interest rate on Honda Vehicles
 

On Feb 4, 8:40 am, acf...@zoominternet.net wrote:
> Can Interest rate be negotiated when purchasing a Honda vehicles?

Sure. First go to your bank and credit union and get their rates. Then
after you negotiate the price of the vehicle (and only after you
negotiate the price) have the finance guy at the dealership tell you
his deal. It will probably be higher than either your bank or credit
union deals. Tell the finance guy to beat the bank/credit union. He
may come up with a very low interest rate but home equity lines, if
you qualify, are tough to beat. The best deal should get your
business. Note that there's some movement to make 100% of auto loans
tax deductible in ongoing Federal Stimulus Package negotiations.

> Also, can I get a bargain on a Honda, like it seems to be with the big
> 3.

You've gotta bargain to get the best deal (unless you opt for a
factory-sponsored lease). Check on-line resources like www.edmunds.com
for help.
>
> This is going to be the first time with Honda...

So what color Accord are you going to buy?

> Thank you

Happy Motoring

Re: Interest rate on Honda Vehicles
 

<acforn@zoominternet.net> wrote in message
news:ec805b38-3096-4402-9b58-10be42851c36@r41g2000prr.googlegroups.com...
> Can Interest rate be negotiated when purchasing a Honda vehicles?
> Also, can I get a bargain on a Honda, like it seems to be with the big
> 3.
>
> This is going to be the first time with Honda...
> Thank you

The first rule of business is: Everything is Negotiable.

How low a price you will pay is a function of how good a negotiator you are
and how hungry the dealers are at the time you visit. You do visit more than
one dealer, don't you?

Re: Interest rate on Honda Vehicles
 

The biggest factor on your interest rate and whether you even get a loan is
your credit score. The lower it is the more you pay.

<acforn@zoominternet.net> wrote in message
news:ec805b38-3096-4402-9b58-10be42851c36@r41g2000prr.googlegroups.com...
> Can Interest rate be negotiated when purchasing a Honda vehicles?
> Also, can I get a bargain on a Honda, like it seems to be with the big
> 3.
>
> This is going to be the first time with Honda...
> Thank you

Re: Interest rate on Honda Vehicles
 

<acforn@zoominternet.net> wrote in message
news:ec805b38-3096-4402-9b58-10be42851c36@r41g2000prr.googlegroups.com...
> Can Interest rate be negotiated when purchasing a Honda vehicles?
> Also, can I get a bargain on a Honda, like it seems to be with the big
> 3.
>
> This is going to be the first time with Honda...
> Thank you

Negotiate the best price you can for the car, and if you can't get a decent
loan rate (0% financing may be available), tell them you would like to lease
it at that sale price (if you don't mind leasing).

Re: Interest rate on Honda Vehicles
 

<acforn@zoominternet.net> wrote in message
news:ec805b38-3096-4402-9b58-10be42851c36@r41g2000prr.googlegroups.com...
> Can Interest rate be negotiated when purchasing a Honda vehicles?
> Also, can I get a bargain on a Honda, like it seems to be with the big
> 3.
>
> This is going to be the first time with Honda...
> Thank you
can you tell su which country you're in as this helps with the advice

Re: Interest rate on Honda Vehicles
 

Elmo P. Shagnasty wrote:

> price from the dealer, period. Buy your money from somewhere else. If
> you have a used car to sell, sell it as a separate transaction.
>
> Remember--the more things you tie up into one transaction with one
> salesman, the more chances he has to rip you off.

You may get a better price for your old car when sold separately
(depends on various factors) but if your trade-in's value is deducted
from the new car's sale price then you may want to consider the change
in sales tax you'll be paying on the new car (depends on where you're
buying it) as the difference in sales tax may make it worth your while
to trade-in with the dealer instead of selling privately.

Re: Interest rate on Honda Vehicles
 

In article <gmlcnq$s5b$1@aioe.org>, Spyro <xpress@idiot.cn> wrote:

> > Remember--the more things you tie up into one transaction with one
> > salesman, the more chances he has to rip you off.
>
> You may get a better price for your old car when sold separately
> (depends on various factors) but if your trade-in's value is deducted
> from the new car's sale price then you may want to consider the change
> in sales tax you'll be paying on the new car (depends on where you're
> buying it) as the difference in sales tax may make it worth your while
> to trade-in with the dealer instead of selling privately.

Absolutely. Each state is different, so run the numbers.