I just bought a Honda Civic and the dealer will only go down to 6.5%
2007-05-20 10:27:30 · 7 answers · asked by M.K. 2 in Cars & Transportation ➔ Buying & Selling
Nobody is going to finance at such a low rate, except perhaps Honda as an incentive to buy since they're making money on the car purchase, but since the dealership is only offering 6.5% (which is a pretty good rate), that doesn't seem to be the case.
No third party is going to lend money at 2% -- that is a money-losing proposition for them.
2007-05-20 10:51:57 · answer #1 · answered by nevergonnaletyoudown 4 · 0⤊ 0⤋
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RE Where can I find low financing (2%) on an auto loan for $17,000?
I just bought a Honda Civic and the dealer will only go down to 6.5%
2014-09-13 01:51:10 · answer #2 · answered by Gracia 1 · 0⤊ 0⤋
The other answer you got is correct. You won't find a normal bank, credit union, or finance company to loan you money for 2%.
However, when I checked Edmunds.com, they show that Honda has a rate incentive of 2.9% on the Civic for 24 and 36 months, and 4.9% for 48 and 60 months.
I'm not sure why you weren't offered that rate unless you wanted a longer loan, or you have a low credit score. Manufacturer's special interest rates are usually only available to people with "prime" credit.
2007-05-20 11:15:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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RE:Where can I find low financing (2%) on an auto loan for $17,000?
2014-07-24 02:09:09 · answer #4 · answered by Anonymous · 1⤊ 0⤋
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2014-05-14 09:19:12 · answer #5 · answered by Anonymous · 1⤊ 0⤋
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