Hi. I'm looking to buy a new Honda Accord coupe EX-V6 (manual) and obviously, the price is making me think extra hard. I live in NYC and visited a local authorized honda dealership.. and they told me it would run me about 26k. MSRP is 27,500. I dont know whether this is a good price or not.. but I know that taxes are gonna kill me and probably run me at least 30k with these people. (P.S.- I am financing probably most or all of it) Now I was considering going to another state and buying it (even if I have to fly there and drive back), but am I going to have problems registering it here in NY? This is my first time buying a new car so I'd appreciate some good advice in how I should approach dealers in other states... meaning I dont want to go to another state just to test drive, not buy and come home. Even if I was to buy it from another state, which state around me is CLOSEST and cheaper??
Another question is, my FICO (credit score) is about 630. What rate should I expect? THANK YOU!!!
2006-09-06 10:56:54 · 8 answers · asked by hahaomfg 2 in Cars & Transportation ➔ Buying & Selling
- Use Carsdirect.com to research the Price.
- South Carolina has a Max. $300 tax (I only paid $300 tax for my $40K vehicle last month)
- Ask the creditor before you apply for the loan what interest you could expect at 630. Then ask about 640. Sometimes 640 is a cutoff for a better rate. If so, challenge the negative issues on yor credit report (anything, like 30 day late or worse). If two items come off or three inquires, it might raise your score 10 points, giving you a better rate and save you money. I've had good loans from Capital One with a similiar score http://www.capitalone.com/autoloans/
2006-09-07 18:20:42 · answer #1 · answered by Master T 1 · 0⤊ 0⤋
We just looked into a similar program that Ford offers, if you are willing to go to the vehicle they will set you up with the best-priced vehicle with the options you want and go buy it wherever in the country, they pre-approve the credit and you fly out, they pick you up, go to the dealership, sign your name a zillion times, and drive home in the new car. Maybe look into Honda as a corporation on their website and see if they offer something like that, you should have NO TROUBLE whatsoever titling it in your state. People buy/sell/trade vehicles across state lines every day. Worst case scenario, they did this in my state for a while, you might have to take it to a police station to verify that the VIN on the car and the title match, or something like that. Also, try to put as much down on it as you possibly can, have a yard sale or whatever it takes, and finance the smallest possible amount. This is what I would do, and I just bought a newer used vehicle and look next time at going with a new one from a dealership. Also check the state you are buying in against others to see what the taxes are. This can make a big difference as well. I live in a tri-state area and it can be a really big deal. Good luck!
2006-09-06 11:04:42 · answer #2 · answered by Giovanni 3 · 0⤊ 0⤋
630 is a good score, what the last person said is a good idea, go there with a blank cheque from whoever you got the financing fore, then you can haggle on the price alot. It's just as good as cash to them. And everyone knows if your buying a car cash, you are the deal maker, not them..
I would research online a bit, make a few calls to other dealerships in your area, in neighboring states, see what the rate is, also call your motor vehicles branch and ask about registering it if it was purchased out of state, might need a insprection certificate, but doubtful.
Hope I helped.
2006-09-06 11:04:46 · answer #3 · answered by David G 3 · 0⤊ 0⤋
I'm not sure which state you should by a car from, but you should definetly check with other dealers don't just buy the first car you come upon. Tell them your looking around have Been to other dealers and whoever gives you the payment, interest rate, you want is who you will buy from. Your FICO score isn't great but if you play hardball with the dealers, and pay extra on your payment you'll end up paying less interest in the long run. GOODLUCK
2006-09-06 11:07:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
As far as my daughter (mid 20's) is concerned there is no better car than a Honda. The one that she owns now has over 150,000 miles on it and still runs like new, except for basic maintains. The car I bought her in college was a used Honda as well and it ran her into the 100,000 miles also. She believes that for the price, a Honda is the best and will NOT buy anything but. She gets great gas mileage, has every available option, and says that her payments are not so bad. We bought both of hers in Indiana. Both of her cars were financed through our bank. I co-signed on the first one, the second one she was able to buy herself.
2006-09-06 11:06:46 · answer #5 · answered by BONNI 5 · 0⤊ 0⤋
Get financing through your bank first,
Otherwise the dealer is selling you two things, the car, and the money (interest)
Test drive the car with all the features/trim line you want locally. So you know exactly what to look for online.
Also many dealers will deliver up to 500 miles for a fee of like $100.
Good luck.
2006-09-06 11:04:21 · answer #6 · answered by Crystal Violet 6 · 0⤊ 0⤋
first of all have all your financing complete before you go to the dealer that way you are in charge and you can "talk" them down go to the bank or capitalone.com(they will actually send you a blank check to purchase) that way you wont feel pressured once you get there and haggle with them maybe you can talk them down a few thousand since you are paying up front
2006-09-06 11:00:53 · answer #7 · answered by Anonymous · 0⤊ 0⤋
i wouldnt pay more than 6% interest.you should get that from the bank there or there abouts.
2006-09-06 11:04:17 · answer #8 · answered by Spook 4 · 0⤊ 0⤋