what interest rate are members paying on their loans?
#1
what interest rate are members paying on their loans?
Has anyone gone through American Honda Finance? If so what rate did you get? No one tells you at the dealership what the all time low finance rate is even if your credit is good. The bigger the rate, the more money the dealership makes off of you on top of the price of the car. What seems low could be lower if we had some clue as to what Honda Finance charges. Some Hondas go for as low as 1.9% through Honda Finance in Pennsylvania which is probably for the whole country. Interest rates are probably region specific but still curious what the rates are in other regions.
#3
Cruisin'
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I'm going to lease and the money factor is .0022, which is equivalent to 5.28% interest rate. I'm not excited about 5.28% for 36 months, since I KNOW I can get 3.49% interest rate for 60 months at my credit union. That being said, .0022 is the best money factor I can get at this time.
Hope this helps.
Chalk
Hope this helps.
Chalk
#7
Fletcher
Join Date: Apr 2004
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Pentagon Federal Credit Union 3.49 for up to 60 months (anyone can join even if you don't meet their membership by "donating" 20 bucks to their charity)!
Captial One 3.65 for 12-36 mo or 3.99 for 37-60 mo
Both are the best deals out there right now.....E-loan is not bad, but slightly higher than capital one.
Don't know what the dealerships are at, but it seems to be high from reading threads unless you got in on their leap year specials.
Captial One 3.65 for 12-36 mo or 3.99 for 37-60 mo
Both are the best deals out there right now.....E-loan is not bad, but slightly higher than capital one.
Don't know what the dealerships are at, but it seems to be high from reading threads unless you got in on their leap year specials.
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#15
i got 2.65% from chase on my balloon finance but then my dealer at curry who then called me a week later and aid he wrote down the rate and he was out a few hundred bucks...he was man enough not to ask me to make up the difference! Now thats a GREAT dealer! Go see Ed Serino at Curry!
#17
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Originally Posted by vtec_1994
Has anyone gone through American Honda Finance? If so what rate did you get? No one tells you at the dealership what the all time low finance rate is even if your credit is good. The bigger the rate, the more money the dealership makes off of you on top of the price of the car. What seems low could be lower if we had some clue as to what Honda Finance charges. Some Hondas go for as low as 1.9% through Honda Finance in Pennsylvania which is probably for the whole country. Interest rates are probably region specific but still curious what the rates are in other regions.
BTW: The 1.99 % was through American Honda.
#19
Instructor
Dealer offered me 4.99% with AHFC. When I produced a check with Capital One for 4.24%, the dealer matched the deal but with Chase.
I ended up with 4.24% x 60 months with Chase. (Last time I financed with Capital One, they charged an extra $40 for the first two months... financing charge...??? so I decided to go with the dealer arranged Chase deal, My sister's Toyota Highlander is leased with Chase at an effective rate of about 3.5% based on the money factor)
I ended up with 4.24% x 60 months with Chase. (Last time I financed with Capital One, they charged an extra $40 for the first two months... financing charge...??? so I decided to go with the dealer arranged Chase deal, My sister's Toyota Highlander is leased with Chase at an effective rate of about 3.5% based on the money factor)
#27
My name is RL.
Join Date: Feb 2004
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2.9% is great but that 1.9% is awesome. I've had three loans throught AHFC, 4.59, 4.9 (pre-owned RSX-S), and 3.9%. Rates will probably be inching upwards in the next 6-10 weeks. Not by much, maybe 0.5-0.75%. Hopefully though they will stay low for a good long while.
#33
what month did you get this financing? Should I be asking for this financing rate now? If it this rate is still relevant in your area, since it is AHFC the rate should apply nationally right?
#34
Team Anthracite Member
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wow, in NJ they were way higher than that - then the day of the deal, they tried to come close to the rate I got online, but were still higher - 3.59. The guy tells me, oh, its only a few cents more - yeah, exactly knucklehead - so why don't you at least match my quote! Odd, because for my '02, they matched with no questions asked. Is it dealer discretion or something?
Originally Posted by stealthy
2.9% 60 mths American Honda...
#35
Has anyone actually gotten the 2.9% for 60 months from AHFC recently? I heard they were doing a 2.9% special back in Feb, but when I talked to my dealer he said AHFC didn't have a rate of 2.9%. I currently have 3.85% for 60 months from CapitalOne, but if I can get 2.9 from AHFC I'll gladly do that.
#36
3.99 % Thru E-loan online. I know I could have done a little better, but this process was so damn easy, I'm going to go ahead and use them. Took me 2 minutes to fill out the online application, and somebody called me back 7 minutes later telling me that I was approved. Then they over-nighted me a check to take to the dealer, and that is it.
#37
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Originally Posted by ct3
3.99 % Thru E-loan online. I know I could have done a little better, but this process was so damn easy, I'm going to go ahead and use them. Took me 2 minutes to fill out the online application, and somebody called me back 7 minutes later telling me that I was approved. Then they over-nighted me a check to take to the dealer, and that is it.
Cypwood
#38
Senior Moderator
Brave New (Credit) World
Originally Posted by TBone2004
wow, in NJ they were way higher than that - then the day of the deal, they tried to come close to the rate I got online, but were still higher - 3.59. The guy tells me, oh, its only a few cents more - yeah, exactly knucklehead - so why don't you at least match my quote! Odd, because for my '02, they matched with no questions asked. Is it dealer discretion or something?
Credit Bureaus will give you a copy of your report and your Beacon Score for a few bucks if you contact them online. One is www.experian.com. There are three main ones and each of them will sell you a package of all three reports. They also tell you WHY your score is what it is and what you can do to improve it.
I think the top is 800. They look favorably on anything over 650 (I have heard). In many cases, financing is approved by a computer in a matter of seconds and the rate is based on said Beacon Score.
#39
Senior Moderator
Locked in
Originally Posted by AirlineMuseum.c
Has anyone actually gotten the 2.9% for 60 months from AHFC recently? I heard they were doing a 2.9% special back in Feb, but when I talked to my dealer he said AHFC didn't have a rate of 2.9%. I currently have 3.85% for 60 months from CapitalOne, but if I can get 2.9 from AHFC I'll gladly do that.
If the dealer whelches, I still have the "blank check" from Capital One that I will fill out and hand to the dealer. In addition, Capital One guarantees to match any cheaper rate the dealer offers. (But, you know this if you've been working with Capital One. It was a five minute on-line process. Very satisfying. Nice people.
#40
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Then that answers my question that the dealer, not AHFC, decides the rate. My dealer would not even match my Capital one rate. Yes, Capital One was soooo easy, fast and friendly.
Originally Posted by xpditor42
I got 3.65% from Capital One but the Acura dealer gave me 2.79%. This is current. My car comes in Friday.
If the dealer whelches, I still have the "blank check" from Capital One that I will fill out and hand to the dealer. In addition, Capital One guarantees to match any cheaper rate the dealer offers. (But, you know this if you've been working with Capital One. It was a five minute on-line process. Very satisfying. Nice people.
If the dealer whelches, I still have the "blank check" from Capital One that I will fill out and hand to the dealer. In addition, Capital One guarantees to match any cheaper rate the dealer offers. (But, you know this if you've been working with Capital One. It was a five minute on-line process. Very satisfying. Nice people.