Interesting...Honda has removed all "Special APRs"
02-03-2009, 09:37 PM
#11
Former Moderator
Thread Starter
Wow...Honda continues to surprise me... 
Still, only LEASE specials...and finally some APR incentives are back, but only the Civics. 3.9% for 60mos. Why would you put an incentive on a car like the Civic??
Still, only LEASE specials...and finally some APR incentives are back, but only the Civics. 3.9% for 60mos. Why would you put an incentive on a car like the Civic??
02-04-2009, 05:43 AM
#13
Former Moderator
Thread Starter
Originally Posted by pbm317,Feb 4 2009, 02:17 AM
a lot of offers expired feb 2nd.. i'm sure a new round will come into effect soon enough
Lease specials continue on select models...
No "special" APRs available in January.
Now in February, "special" APRs are available only on the Civics.
I'm really surprised there's nothing special on Ridgelines. Several dealers around here still have SEVERAL '08s and they are keeping the '09s in the back. I know before January, Honda had $8,000 OFF and 3.9% for 60 mos.
02-04-2009, 06:54 AM
#15
Former Moderator
Originally Posted by Poindexter,Jan 23 2009, 10:42 AM
It isn't just Honda. All the manufacturers are hurting and need to get away from these crazy APR incentives. Before 9-11 had you ever heard of rates like these on cars? Now it seems to be the norm. They don't balance out on the budget anymore and they're going away.
Honda is just starting the trend. I bet you Toyota follows in February, followed by everyone else before the second quarter.
If you want to take advantage of really cheap money, buy a car now!
Honda is just starting the trend. I bet you Toyota follows in February, followed by everyone else before the second quarter.
If you want to take advantage of really cheap money, buy a car now!
The manufacturers are also banking on the US government allowing consumers to write-off their interest which allows them to not need to do low interest rates. That means they will be able to approve more loans because there is more income to offset the loans that go into default.
Honda and Toyota generally start the trends back toward less incentives - you watch - more will follow.
02-04-2009, 07:30 AM
#16
Former Moderator
Thread Starter
I saw that...back in Jan. 
But now we are in Feb and Honda brought back low APRs on the Civic. The Civic??
I mean...I guess it would make more sense to me on a Ridgeline, Pilot, Element...etc.
But now we are in Feb and Honda brought back low APRs on the Civic. The Civic??I mean...I guess it would make more sense to me on a Ridgeline, Pilot, Element...etc.
02-04-2009, 08:25 AM
#18
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Originally Posted by Poindexter,Feb 4 2009, 10:35 AM
We were scratching our heads on why Honda just put a rate on the Civic as well.
02-04-2009, 10:31 AM
#19
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Maybe inflation has something to do with it-It's damn near 0 right now. As the loans start maturing, lenders are getting paid back with inflated dollars (assuming inflation rises again, which it will.)
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