I'm might wait till the 2016 models come out. Do they ever have any deals on the fit? Or is usually there more pricer models like accord/civic :O

 

Honda did last month which ended Nov 3rd and ticked off a few folks who been waiting for delivery and was too late to take advantage of the offer.

I've been lucky with my Honda financing which I got it at 1.9% and better terms.

Since The Fit is in high demand right now it might be awhile before we see promotions like that again.

 

Agreed, the Civic had 1000$ cash off on it that I wish the Fit had when I got it.

 

Some dealers if you qualify will give you 0%.

 

Since those lowest interest rates are designed to move inventory, or increase quarterly sales figures, I would suspect we might see them again in December. Having said that, many Credit Unions offer the 1.9% rate on a regular basis (currently). Since we are only talking about a purchase price of somewhere around $20,000.00, there is not much of an impact between the two in regard to monthly payments. Waiting could increase the risk of an overall change in the interest rate environment, which is currently at historical lows.

My Credit Union for instance (Navy Federal Credit Union), increased it's rate recently from 1.79% to 1.99% for a 60 month loan on a new car. Not much of a change, but it did increase, not decrease.

 

After the market fell apart I read that the president of Honda USA said the days of 0% financing were gone in the usa...as far as Honda financing was concerned. Dealers can do their own thing but Honda financing was done

 

I got the 1.9% financing and I calcualated it to be ~$500 dollars in interest for 4 years of payments which im totally happy with paying, to loan me the money to be able to get a new car

 

"Gone" is a very long time. If market conditions warrant it they'll bring it back.

Honestly, though, for those who shop for a monthly payment the difference between 0 and 2% is negligible.

 

You can negotiate with the Dealer Finance department.

Chase Bank was offering me 2.09% plus 0.25% off for autopay, and 0.25% off for having a Chase checking account.

Finance matched the offer and gave me 1.59% without a fight.

 

each % is more money

 

Best I have seen lately is 0.9% for 36 months or 1.9% for 60 months. I settled with their offer of 0.9% for 36 months when I picked up my Fit late last month.

 

I went to Bank America and got a MUCH better rate than my dealer offered.

 

Never 0%. Honda occasionally has 'New Grad' financing at 0.9% on select models, with a specific percentage down payment required, and the 'New Grad' must have EXCELLENT credit (not many college students do) in order to get that rate.

I know this because I bought a 2014 Ridgeline Sport for myself in 2013 when I graduated college, and last month I bought a 2015 Fit. I have been 'in the mix' about these rates and plans twice in the last calendar year, so I feel pretty confident in posting my experience about it.

 

When I bought my Civic in mid-2012 I was told 0% but then when I went to sign they changed it to 0.9% because "Honda never does 0%". I still signed because I really wanted that Si and figures the 0.9% was only going to cost me about $500USD for the life of the loan.