Dallasbri

For August, Honda Finance is offering 4.9% on a 60 month loan. All the local Dallas Acura dealerships are offering the TL w/o Nav for $30,299 during August (which is below the average invoice.) But when I went in to buy last weekend, they told me I couldn't do both. They claim Honda Finance won't let a buyer get the 4.9% rate with the reduced price. The salesmen told me the reduced price was a factory rebate. So what does that have to do with Honda Finance? Sounds like a scam to me. Can anyone confirm or know anything about this "rule?"

vtec 6300

Same thing happened to me when I was negotiating for a TL Navi. I wanted $30,000 (before all the fees) and the salesperson said for that price, he cannot honor me the special 2.9% financing, instead offers me 6.9%! He said for $31,000, he can honor the 2.9%. I left the dealership.

Dallasbri

Does anyone know if it's true? Or is it just a case of the dealer trying to tack on as much profit as possible?

dipkat

Yeah. I would like to know the same. I am having issues with the either/or on financing vs. rebate myself. See my thread below;

https://acurazine.com/forums/showthread.php?t=142784

I have a deal that is still open and they are using this as an argument to jack up the price.

rkphillips

check the 'incentives' tab on edmunds.com or any such site. What is available may vary around the country. For Eastern PA, the choices are $1000 marketing support cash to the dealer or subsidized financing to the customer. But not both.

hunkyn

I have talked to many dealers and seems like it is either the Incentive or the Financing. Good luck with your purchase

ding069

my gf wants an MDX at the moment. the dealer is offering the mdx touring with nav for $36,500, well below the 43xxx msrp. she wants to finance for 60 months at the 4.9% rate, are they going to pull this stunt on this transaction or honda is content with the 4.9?

ryanmatthewlee

When I purchased my TL lastweek, I had the same problem. The sales guy gave me the choice of getting the TL for below invoice with the regular APR or the promo APR with a regularly priced TL. It sucks you cant combine both.

dmfgrf

I read on the "real" Acura website that there is $1000 cash to the dealer from manufacturer (until 9/5) and you could claim that. There is also 2.9% for 36mo or 4.9% for 60mo. You cannot combine offers and get the car of your dreams at a super great price with 4.9% if you are going for 60mo. You may have to suck it up and pay the extra "grant" if you want the financing. They have to make $ somewhere, and knowing the facts can help.

Dealers have been known to be fooled before and fall for our stingy antics, so play the cards right! It is a great time to buy an '06 though. I'm thinking of an '06 WDP 6M w/ Nav. Oh, baby, I can just feel that left foot getting some exercise!!

Peters

Well, here's the story. The OEM's are calculating the NPV of the car when they offer very good financing to purchasers. It's like this....if you get a $2,000 rebate they are unlikey to finance the car at less than market rates of interest. But when they do offer you a below market interest rate, they are bascially discounting the car so you the real interest rate is the market rate of interest. You can't have both....and now you know that there is no free lunch. LOL

Armada05

That's a crock of shit. I got 30500 with 4.9% financing without navi. It came out to 32800 drive out without navi. I opted to get navi which was 34800 with 4.9%. I'm in Houston.

NC Silver

The deal is true. I confirmed in Automotive News. When you hear the crazy deals some manufacturers offer "4900 off or 0% financing" blah, blah. I was preapproved for 4.9 then when I went to make the deal got 1,000 off and wound up financing at 6.1% with Honda Financing. With the monthly payments I'll pay $440 more w/1,000 off if I pay the minimum full term. I plan on paying off early but it gives me a lower monthly payment if I need to make the minimum.

ubond007

I too got my TL w/ nav for 34500 OTD and 4.9% financing for 60 months. I didn't even know about the special financing until the dealer came back with my credit score and told me I was eligible.

Weekendzs

I don't mean to HIJACK the thread but my question is in regards to Honda Finance. Question to anyone that knows about if they offer a skip payment program or your intitled to skip a payment to add it to the end of the lease?

For emergencies???

387

From my experience in the past. Finance company does not do skip a payment program, the bank or credit union does. My CU offer me skip a payment during tax time and christmas holiday.