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.

NYTHAWK

Bought my TL Jan. 20th @ 4.75% for 60 months from American Honda Finance.

chalkeater

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

Bobzmcishl

3.99% for 60 months from Redwood Credit Union. Thinking about re-fing at Valley Credit Union at 2.9% for 48%.

vclune

I was offered 2.9% from Columbia Acura Cincinnati, Ohio in Feb.

Teh Jatt

3.99% for 60months

arro33

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.

grktl

4.45 60 months.

Lore

2.99% for 48 months.

Xpditor

I got 2.74% from the Acura dealer who beat my 3.65% pre-arranged bank interest through Capital One (60 months)

roadman

I got 3.9% from AHFC (balloon purchase)/ Another member posted that they just got 2.99% with Chase Balloon

jazzpicker

3.25% X 48 months

alv1

My dealer gave me 4.5%, I spend 10 minutes feeling out the capital one online form, got approved, then the dealer matched it (easier to use the dealer).

SilverJ

3.1% 60 months...

dhager

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!

SPURS&ANTH.TL

American Honda Finance Corp. rate 2.9% with excellent credit

cypwood1

1.99 % last May for my son's Honda Civic EX. My dealer did not even ask for a deposit. I tripple the payments each month. Will be paid off in the fall. That's when plan to order a 2005 TL ( providing the issues that I see posted on this board are corrected ) It don't matter to me that 15-25 % of the posters have problems. It's still to high ! A problem is a problem ! No matter how small or large.

BTW: The 1.99 % was through American Honda.

KeithL

Thats what I got.

jjtags

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)

cypwood1

I don't think that we will ever see rates of 1.99 % again ! Especially for an Acura.

marquis

3.9 for 60 months (back in December), through BankOne.

cliff

5.29/60 months from american honda fianance

ciscoeztl

2.94 Credit Union of Texas 12/03 60mo

numexbigjim

2.9% for 60 months through AHFC. Lucky timing in late Feb, as this was supposedly a "leap year" special.

slzmd

2.99% through Chase for a 42 month balloon loan. (NY)

93vrfd3s

I got 3.24%

eaRL

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.

Wordsmith

After I got 3.85 from e-loan, dealer offered 3.47 from AHFC for either 48 or 60 months, on my car, which I picked up on April 6.

bmagic18

2.9% from Soverign Bank for 60 Months (CT)

greenseed

3.54% on Jan 28, 2004 for 60 months.

TBone2004

3.49% 36 months - online

stealthy

2.9% 60 mths American Honda...

vtec_1994

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?

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?

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.

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.

cypwood1

I used E-Loan for my older son's 2001 Civic EX. Very easy to do business with.

Cypwood

Xpditor

The rate is set by the financial institution and it is based on your personal profile. They put a lot of weight on a "Beacon Score" (credit). This takes a lot of factors into consideration. Think of it as a computer statistical analysis of everyone who has financed anything, considering such obscure facts such as your marital status, the type of car, your education, - etc. It's all valid business factors in deciding how you predict this person is likely to be problem free. Then, you give the best rates to whom you feel are the best trouble-free profiles.

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.

Xpditor

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.

TBone2004

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.