Last I heard on the TL the rate was 6.4 percent. Is this still valid?? Anyone been able to negotiate something better???

 

6.4% is high. Have you checked with the banks? I got quoted from Royal as prime plus 1% unsecured.
I have heard some good customer with banks can get prime if they add the purchased amount onto their mortgage.
Good luck. I definitely recommending to shop around.

 

What rates are you talking about: loan rates, buy-back or lease rates?

 

Sorry, I was talking about purchase rates on the 05 models.

 

Sorry to tell you but I don't think the rates are negotiable. They are fixed by Honda Canada. The lowest I have seen for the TL was 4.8% when clearing out the 04 models. They had that rate going for one month only. The second best rate was 5.8% and 6.2%. But I don't see it changing or going lower than that for new 05 models. Unless they have a hard time selling the TL, then you might see the rate go down. Not very likely as our prime rate is slowly increasing and Bank of Canada has projected the prime rates to go up even more for yr 2005. So maybe the 6.4% might be a decent rate after all if you look at it in a 5yr term period. Just my thoughts!!!