Financing Help
#1
Registered User
Thread Starter
Join Date: Jun 2001
Location: Los Angeles
Posts: 32
Likes: 0
Received 0 Likes
on
0 Posts
Financing Help
Greetings Folks,
I will be financing my S2000 but I am really new to this. Should I go through American Honda Financing or through my Credit Union. My credit is very good. What rate should I be expecting to see (approx.)... or if you don't mind me asking... what are the going rates from owners that have just recently purchased and who are financing. I will be putting a minimum of 20% down.
Any help would be GREATLY APPRECIATED.
It will be very soon now...
Thanks... nico
I will be financing my S2000 but I am really new to this. Should I go through American Honda Financing or through my Credit Union. My credit is very good. What rate should I be expecting to see (approx.)... or if you don't mind me asking... what are the going rates from owners that have just recently purchased and who are financing. I will be putting a minimum of 20% down.
Any help would be GREATLY APPRECIATED.
It will be very soon now...
Thanks... nico
#2
Registered User
Join Date: Nov 2000
Location: Austin
Posts: 1,865
Likes: 0
Received 0 Likes
on
0 Posts
I have had great success with American Honda Finance in the past... especially if you are a repeat customer. The rates are always negiotable, and always have 2-3 other quotes for rates...they'll typically match or beat them. They also have an "owner loyalty" program which gives you somekind of discount (or is that just the Acura dealership?? dunno).
-- Aaron
-- Aaron
#3
Registered User
Join Date: Jul 2001
Location: Mililani, HI
Posts: 267
Likes: 0
Received 0 Likes
on
0 Posts
Got mine through American Honda Finance at 8%, with 20% down. Be sure to check and see what your bank will do then take that offer to the dealer with you. Like amartin said they will negotiate.
#5
Registered User
Thread Starter
Join Date: Jun 2001
Location: Los Angeles
Posts: 32
Likes: 0
Received 0 Likes
on
0 Posts
Schatten
go through a credit union - right now, my local credit union has new car loan financing starting at 5.95%. you'll need 20% of the total (car+tt&l).
Greetings Schatten,
Can you please give me the name and URL of this Credit Union?
Many thanks... nico
go through a credit union - right now, my local credit union has new car loan financing starting at 5.95%. you'll need 20% of the total (car+tt&l).
Greetings Schatten,
Can you please give me the name and URL of this Credit Union?
Many thanks... nico
#6
Registered User
http://www.austintelco.com
2000 and 2001 Vehicles 60 Months 5.95%
1999 and Older Vehicles 54 Months 6.50%
2000 and 2001 Vehicles 60 Months 5.95%
1999 and Older Vehicles 54 Months 6.50%
#7
Registered User
Join Date: May 2001
Location: charlotte
Posts: 13
Likes: 0
Received 0 Likes
on
0 Posts
If dealer handles the financing, make sure they are not marking up the rate from their finance source.(ie. they are quoted a buy rate of 6% and charge you 7%.) They make 1p.p. or around $700 bucks on $28,000 on a five year term. This is a huge source of income for a dealer. Beware.
Trending Topics
#8
Registered User
Join Date: Nov 2000
Location: Austin
Posts: 1,109
Likes: 0
Received 0 Likes
on
0 Posts
[QUOTE]Originally posted by Schatten
[B]http://www.austintelco.com
2000 and 2001 Vehicles 60 Months 5.95%
[B]http://www.austintelco.com
2000 and 2001 Vehicles 60 Months 5.95%
#9
Check out Peoplefirst.com. They have good rates. We got approved with them (at 6.9% for $35,000 over 60 months with 0 down).
Went into Honda dealership and negotiated a 6.5% thru American Honda. Beware though, they may tell you that they will not accept an internet bank check. If so, just call Peoplefirst and they will send a cashiers check instead of a joint check. Once we told dealer this, they started getting right on their rates.
Good luck
Went into Honda dealership and negotiated a 6.5% thru American Honda. Beware though, they may tell you that they will not accept an internet bank check. If so, just call Peoplefirst and they will send a cashiers check instead of a joint check. Once we told dealer this, they started getting right on their rates.
Good luck