What rate did you get from Honda?

For anybody who financed though Honda USA or Honda Canada;
Don't vote if you leased or financed through a bank or 3rd party.

 

7.9% here. 19 years old. no credit whatsoever.

 

2% is pretty effen good! Did you negotiate that after you negotiated the price of the car?

 

go to your local credit union ... they will almost always get u the best rate you can... i got 4.74% which is great for someone with an under 700 credit rating

 

0.9% for 3 years. Had a good downpayment resulting in a $178 bi-weekly payment. Plan to pay it off sometime next year though.

 

whoops i voted before i read the original post. sorry, i financed through a bank and i have 4.87%

 

1.9 full term.

 

I was going to pay cash, I told them I wasn't going for any financing unless they dropped the rate below 3%. They offered 3.9% right up until the day I purchased.... then he got a "call" when I came to pick up the car which allowed them to drop it down to 2.9%

I used the money I didn't spend against my mortgage, currently at 4.75%

Wow, that is pretty good. Lowest I have seen was 1.9% against other Honda cars.

 

3.9% for 60 months.

 

I wouldn't pay it off early. 0.9% is INCREDIBLY low. I'd ride it out as long as possible and use the money you were intending to use on something else yielding more interest. I.e. ing account, money market, etc.

 

im 20. i have one credit card i filled up and payed off. my payment with 2.9% is 250 a month with 50 buck insurance

 

i got 17% which is lame

 

dude, shop for a re-fi, pronto!

17% interest is credit card territory!

seriously, though....try and refinance it soon. even a 1% difference will help you out tremendously.

 

Wow, lots of people are over 5%.

I agree, even if you had the money to pay it out just throw it into a high interest savings account and draw payments from there because it will actually make you more money

I would kill for an 0.9% rate!! I even put down like 17000$ cash..... next time, I am bringing in the cash briefcase and drawing the blinds!

 

Normally I would just go with the 3 years....but I will be done school next year and starting up my new career....with that I plan on selling my Prelude and financing an S2000.

 

wow they ass raped you on that deal, wrapped in sand paper too.
I got mine at 6.5%

 

i got 6% for a 21 year old with no credit.

 

9% from honda directly, which is not too bad considering how many hits to our credit my wife and i have had. I'd refi, but too much negative equity. gotta rely on principle payments! (now, just when to start them... )

credit unions are where its at though, and don't ever go to a big bank for a car loan. ( i work for one and i have no problems admitting that.)

as far as sticking the extra into a savings or mm, the interest rates are so crap right now, it may not even be worth the hassle. i say pay it off early.