whiteout1

I am going to pick up a TL in the next couple of weeks I can get 4.2 for 60 months. Are there better rates out there?

IHmike345

I have 4.99% through my credit union. I have seen offers for 4.25 - 4.75%, but those were mostly shorter term loans (36 & 48 month). 4.2 sounds pretty damn good for a 60 month loan.

california-usa

4.8 % APR for 60 months through Lockheed Federal Credit Union.

adrianp

4.2 is good. I just financed with Pentagon Federal Credit Union for 60 months at 4.25. That is their advertised rate on the web. You have to apply online at www.penfed.org and have good credit (which if you got 4.2 from someone else, you obviously have no problem with credit). Right now the rate (without counting credit unions) is between 5 and 6%.

AXXKicker

i was able to get 3.5% (60 months) from northwest federal credit union.

this after the dealership was wanting to get me into a tl for 10.7!

f that noise.

msr1011

I have 3.50% for 72 months, but the payment is based on 4.00%, so I'm able to pay it off a little quicker.

taeinchicago

3.9% over 60 months
i cosigned with my dad

whiteout1

Do you guys think Acura will run a special on the TL for the Fourth of July weekend?

Russdaddy

Hard to say. I'm at 4.7% right now. While I've see better rates, I was impressed because my credit was tore up from the floor up about two years ago.

WdnUlik2no

4.09% for 60 through Honda Financial Services. The best offer I got from Lending tree was 4.27%, but when I showed Acura, they beat it.

rbf351

3.9% for 5 years, no cosigner

i would have been able to get 1.9% for 3 years, but the payments were way to high

te3point5

Finance rates depend on your credit score/experience. It's hard to ask what other people are getting to gauge what you'll get. There are probably some people on this board that can get in the 1's or 2's, and there are some people who are getting closer to 10, or higher. On my 300C forum, there is someone at 15.2%!!!

WdnUlik2no

yep also depends on the time of the year, length of terms. etc. 4.09% was the best rate I could get for 60 months and I have a 760+ credit score. I now see people getting rates of 3.9%. 1's and 2's can probally only be gotten if a shorter term is chosen, unless you get a domestic; they offer 0% for 60 in an effort to sell more vehicles. I had 0% on my Mustang.

15.2%??!! good lord!!! now thats HIGH!!!, but believe it or not I have seen some people here in Georgia have rates of 20%!

WdnUlik2no

yep also depends on the time of the year, length of terms. etc. Last November, 4.09% was the best rate Honda offered for 60 months and I have a 760+ credit score. I now see people getting rates of 3.9%.

15.2%??!! good lord!!! now thats HIGH!!!, but believe it or not I have seen some people here in Georgia get rates of 20%!

That is why I laugh at this dealer "specials" that say, "if you don't get approved we'll give you $1000." Of course they'll approve them, at a 20%+ intrest rate!!

WdnUlik2no

whiteout1 4.2%/60 is pretty good. If the 4.2% isn't through Honda, then I would show the qoute to the Acura dealer, they may be able to beat it!

parkkuen

Interest rate has been going up and now the prime is 5.25% ... ugh.. so even with my good credit.. best I've found is with my own credit union at 5.24% Honda Finance offered 6.99% what a biatch...

cM3go

3.9% for 60 months.

TLTrance

Refi people.. AFHC gave me essentially 6.99%, but I'm giving them the one-finger salute and refinancing this with Patelco in the Bay Area, CA at 4.2%.

The best part is, when I called AHFC (2 months after I bought the car) and told them about the better offer, they would not match. So, in other words, they don't care about making some money. In fact, they lose out on about $4700 on interest over 57 months.

snapfisher

That's funny that you got that rate. I went in with 4.2% for 60 months from my credit union and they didn't even try to beat it.

mn2trance

I got 5% for 60 months with Synergy Bank. Not too bad since the going rate from most places was around 5.25% or more when I was applying for loans a month ago.

ramzfan

0.9% for 60 months through Honda Finance. They ran this last year just before July 4th so keep an eye out.

whiteout1

Are you kidding this would be great. I was hoping for something like this. even 1% wouls be great. thanks for the info

markdesign

i was offered by honda finance

5.6 for 60/months with 720 fica score

and

6.6 for 72/months



~mark

chill_dog

2.5% for 60 months...from Wachovia, but attained through dealer. This was in May of 2004. The finance guy sells loans from everywhere, not just AHFC, and all dealers have special rates for those with good credit, they just don't tell you about them and won't give them to you unless they have to.

Think about it, the higher percentage loan they get you into, the more commission they make. They quoted me some BS rate, but I told them I had 2.9% from the credit union...magically, they were able to match that...then when I told them I already had things set up at the CU, they magically found the 2.5% loan...probably had a lower one, but 2.5% is good.

stevenr

March 2004

Honda offered 3.9%, 60 mo.
Captial One 3.79%, 60 mo.

Which one do you think I took?

Dwarflord

Bought mine 2 weeks ago. Credit score ~780. AHFC could only give me 5.95% for 72 months. I went with Synergy Bank at 5.59%. Hey I work hard for the money, every dollar counts....

3PUTT

3.9% for 60 months....02/2004
just my opinion, i think 72 months is not worth it when it comes to financing. that is a lot of interest and payments. i think the car will be worth less by the time you get done in 6 years.

i hope you pay it off waaay before the term is up. i have been putting extra payments to get it over with by 4 years....again, just my

terse

I had over a 720 and I got 6.89 with 9500 down. luckily, I'm paying it off crazy fast...and have only accrued about..800 bucks in finance charges and only have about $8,800 left. I got my car in November of 04'.

TLTrance

I had near a 800 fico and they still gave me 6.99%. AHFC just likes to screw those that didn't preapprove with someone else.. Too bad they forgot that people can refi..

terse

it's not just your fico score though..it's about how many satisfactory accounts you have and with those satisfactory accounts, they want to see how many months you've made payments as well as what the balances are and stuff.

Dwarflord

I can double up payments as well too and the interest over 6 years is really no longer a problem. There is a downside to financing for 6 years, but the pros outweigh the cons for me and at this time. Especially if your wife doesnt work, u got 2 kids, a huge mortgage and the only way you can afford the car is if you finance for 6 years... Its the American way....LOL!
The difference is about $100/mo. for me when one compares 5 yr vs. 6 yr financing. Ill also end up paying about $1100 more in interest over the 6 years, less than $185/year. Looking at that , its worth $185 more a year to me to have the car now. It just depends on everyones situation and what works for them.
I agree though, I hate paying more on interest than I have to. I did the same thing on my 2000 C5 5 years ago. It lowered my payments $150/mo. That made it more affordable as well. I guess it basically allows me the opportunity to get what I want, when I want at a minimal fee. I think you follow what Im saying.

ramzfan

Give a dealer a call and ask them if it's coming up soon, or call Honda Finance and ask to speak to a loan rep. Tell them you aren't going to buy until they offer special financing. Granted, rates have jumped every quarter since last year so 0.9 may be a thing of the past, but something around 1.9-2.9 isn't totally unheard of now. There are some american manufacturers advertising now in Atlanta that they are offering 0.00% , but it's usually only for 24-26 months and it's for crap cars.

gsrthomas

I tried to see what rate www.penfed.org would give me but I think you have to be a member or know someone thats a member of military group.

ericajackhannahjamie?

mine is 3.5% over 36months

WdnUlik2no

Good point. I did 60 months too (@4.09%), eventhough I have heard some say that 36 months is the best term for an auto finance.

I could have done 36 months, but I couldn't see myself paying $925/month which is more than my mortgage! 60 months worked best for me since I plan on keeping the car AT LEAST that long. I will probally just send them a check at the start of my 5th year to pay the car completely off. I bought mine last November and my payments started in January of this year, so that makes it easier!

TLinSA

New to the board, so hello to all. In Feb. 05, I bought my TL with a 3.7% rate for 60 Months. Just paid it off 2 weeks ago. Now my wife wants a Honda Odyssey so I'll be in the market for another good finance rate soon.