0% Financing

[Ramon]

For those who have decided to pass on the 8th gen, looks like the deals are already starting to come in on the current models. This one is from a dealer in the SF Bay Area.... (I covered the dealer's name because I'm not sure if I'd be violating forum rules by showing it).

Just wanted to share the info. :wave:

[BenjiBoy650]

I think it should be okay to show the name

I saw 0% last January or something like that from Honda of Oakland...three days only.

[Hondel]

Such a deal - but make sure your FICA is over 710 and the downpayment is big because $15,000 is the max amount of the loan. Marketing is so interesting. :D

[SCABADA]

I'd like to see the contract. Sounds like a rate buydown. If it is and you don't keep the car for the full term of the loan for whatever reason (sold it, had it stolen, totaled...) you would have been better off to have gotten the contribution amount needed for the buydown taken off the price of the car in the first place and financed at the actual rate the lender gets. AHFC lowest posted rate currently 2.9%.

Just remember, there's no such thing as a free lunch.

[Ramon]

I'd like to see the contract. Sounds like a rate buydown.
If it is indeed a rate buydown, you can go after the dealer for false advertising, because that's not what the flyer says. It simply states that they will finance up to $15K at 0% for qualified buyers; What you actually pay for the vehicle above and beyond that is entirely up to you to negotiate. If I were buying a car from them, I would lock down the best deal first, then insist on the special financing. It's easy enough to walk out if they don't honor it.

In any case, as I noted above, I was simply sharing the info with those who may have been ready to take the plunge during the Memorial Day weekend...