Nogard13

Does anyone know? I tried searching here but people don't post the interest rate they financed at.

I'm wondering because I might be purchasing my TSX this weekend and I'd like to know if I should make arrangements through my normal bank (USAA 6.5%) or go with Honda Finance.

I have a FICO score of 746.

jtdurden

I've found current rates at Edmunds and KBB. Got mine for 1.9% (36 months). Longer than 36 months was 3.9%

grooks1

The only deals offered on the TSX are a lease are:
$299.00 per month for 36 months.
$2,139.00 total due at signing.

If you get a 2006 TSX purchased they are offering:
1.9% APR for 24 to 36 months and
3.9% APR for 37 to 60 months.

The above information is directly from acura's website.

micvog

I know someone who financed a CRV last weekend for 4 years at 6% through AHFC. I don't believe the dealer bought down the rate but I don't know for sure. They would have had a similar FICO score.

placebo

I was reeled into my deal for an 07 TSX for 3.9% financing with Honda financial for 60 months. Seemed pretty sweet, especially since it was an 07. They assured me that even though they don't advertise it, Honda Financial could make it happen. But right before leaving the lot, they said the application was rejected, since it was my first car purchase (and I hadn't bought a house yet either). The best they could do with Honda was 6.2%, but after they talked with JP Morgan Chase, their other financier, they got me 5.99% (plus $650 off the base price).

So... 3.9% (or 1.9% for up to 36 months) might be attainable if you've bought a house or car before.

ZAXDude

If you can join Pentagon Federal Credit Union (anyone can really -- just join NMFA for a year or "lie" [not condoning or suggesting, but they don't check from what I am told]) and make an initial deposit of $5.00 (that's all you have to have in the account), you can most probably get 5.79 for up to 72 months.

They have great home loan rates, too without the crazy lender fees.

PenFed rocks!

p.s. if your parents or grandparents were/are in the military, i think you can join quite easily as well

Pentagon Federal Credit Union

Nogard13

Those are the rates for 06 models. The 07s are probably at regular financing rates. I applied for their "pre-approval" online and got pre-approved for more than the car is worth but they did not specify an interest rate. That's why I was curious.

I'm getting an 07 so those rates do not apply to me.


I am a member of PenFed (I was military until a year ago) but I forgot to check their webpage. Thanks for the info.

I checked it out and they're offering 5.79% I'm going to apply with them right now.

kjv

You are correct. I bought my TSX less than a week ago and the low rates do not apply.


I went through my Acura dealer who procured my loan through Chace. I have a rate of 6.7%. All local banks are around 6.75%.

xjohnkdoex

iTrader: (2)

through honda financial, we got 4.9% around December 2006 when i bought my 07.

my brother-in-law got a civic about 8-12 months earlier and got 5%.

ZAXDude

For those of you reading this thread and have an '06 or new vehicle that's financed at a rate higher than 5.79%, you can refinance that vehicle through PenFed and save yourself some interest. This is assuming of course you don't refinance for a longer term than currently remains. It doesn't cost anything to refinance.

If you have a 55 months left on a 60 month term, refinance for 60 months at the lower rate and continue to make the original payment from which you refinanced. You should finish paying off your car in 55 months (or less) and save some interest in the process.

Doesn't hurt to run the numbers to see if it benefits you as a borrower. Financing a depreciating asset is rarely, if ever, a good thing to do. If you must do it, however, at least try to save as much $$ on the interest as you can.