How much did you get your S2k for? CALIFORNIA
07-25-2006, 11:27 AM
#21
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To: jyeung528
I suggest you check out this link.
http://research.cars.com/go/advice/Story.j...bject=negotiate
I suggest you check out this link.
http://research.cars.com/go/advice/Story.j...bject=negotiate
07-25-2006, 11:30 AM
#22
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Very informational.
Most Honda dealerships finance the vehicle through American Honda Finance Corporation, a separate entity from the Dealership. If they work heavily with their own financial institutions, then that's a separate discussion.
In most cases, Honda consumers choose to finance through American Honda Finance Corporation.
Most Honda dealerships finance the vehicle through American Honda Finance Corporation, a separate entity from the Dealership. If they work heavily with their own financial institutions, then that's a separate discussion.
In most cases, Honda consumers choose to finance through American Honda Finance Corporation.
07-25-2006, 11:35 AM
#23
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And here's another link about Honda Motor Co Financing:
http://www.leaseguide.com/Articles/finance.htm
http://www.leaseguide.com/Articles/finance.htm
07-25-2006, 11:42 AM
#24
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The article states that a dealership makes money on financing through "marking up" the interest rate. You don't have to let them do this, especially if it's coming from American Honda Finance Corporation.
This discussion is going nowhere.
My initial statement is based on the certain assumptions including, the car is new, the car is financed through American Honda Finance Corporation, and there is no Mark-Up Interest applied by the dealer (since this is very easily avoidable through detection and negotiation).
If you bring upon other variables such as independent bank contracts, etc., then it is another discussion that I did not intend to talk about.
This discussion is going nowhere.
My initial statement is based on the certain assumptions including, the car is new, the car is financed through American Honda Finance Corporation, and there is no Mark-Up Interest applied by the dealer (since this is very easily avoidable through detection and negotiation).
If you bring upon other variables such as independent bank contracts, etc., then it is another discussion that I did not intend to talk about.
07-25-2006, 11:46 AM
#25
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My DAD told me so many times that if I can't afford to pay cash for something I want, it meant that I don't need it (except for my homes 
)
My very first car was a DATSUN B210 HATCHBACK. I had to save enough money to pay for the car. I took the bus to school and work until I saved up the money to buy that car. My DAD would not loan me the money.
But because of that, I learned to save money.
I guess the bottom line is I just don't want to pay interest on anything if I don't have to.
)My very first car was a DATSUN B210 HATCHBACK. I had to save enough money to pay for the car. I took the bus to school and work until I saved up the money to buy that car. My DAD would not loan me the money.
But because of that, I learned to save money.I guess the bottom line is I just don't want to pay interest on anything if I don't have to.
07-25-2006, 11:51 AM
#26
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If your funds can generate a rate of return greater than the interest on a loan you can obtain, it is better to assume the loan. It allows for growth opportunity.
Most businesses seeking to grow almost always utilize loans. Loans allow you to get to where you want to be but cannot obtain through available means, assuming where you want to be will provide a greater rate of return than your interest on the loan. Interest can be a huge opportunity that leads to wealth.
Most businesses seeking to grow almost always utilize loans. Loans allow you to get to where you want to be but cannot obtain through available means, assuming where you want to be will provide a greater rate of return than your interest on the loan. Interest can be a huge opportunity that leads to wealth.
