Last post on Dec 09, 2013 at 9:53 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Coupe, Sedan
#18162 of 32215 Re: 08 Accord Financing [uscratch]
Nov 05, 2007 (7:46 am)
The best rate from Capital One, 3 year, 5.5%(need to apply through Costco)
I would encourage you ask whether your credit card company can give you a "LIFE TIME" balance transfer rate. This 0% thing is very tricky, you need to set aside at least 50% of the toal borrowing into a high yield CD or savings account like ING or Emigrant to avoid any default in payment.
The best thing you can do is to WAIT until Honda gives $1000 or $2000 incentive. I do not believe they can sell many vehicles this year or 2008. You will have better deal ahead.
#18163 of 32215 Re: Any one bought 08 Accord V6 Auto EX-L recently? [viet]
Nov 05, 2007 (7:53 am)
I bought one two days ago I paid $29500 OTD (Virginia)
I added $595 interior and exterior color leather and every thing in between protection. also added $750 6/75000 miles warranty.
You may be can get it for a little bet less
#18165 of 32215 Re: 08 accord EX-L I4 auto w/o navi about 800 under invoice. [uscratch]
Nov 05, 2007 (1:46 pm)
Hi, UScratch, I just got a new accord from Castle Honda, Morton Grove. It was a good experience. You may email me if you have questions. yuanf99yahoo.com
#18166 of 32215 Re: 08 Accord Financing [uscratch]
Nov 05, 2007 (1:51 pm)
FYI, I just got 6.15% for 5 years with excellent credit score, 2K down. The dealer can only charge up to $2000 on credit card.
#18167 of 32215 Re: 08 Accord Financing [uscratch]
Nov 05, 2007 (1:58 pm)
I purchased a 2008 EX 4cyl automatic sedan a week ago and got 5.64% from American Honda Finance, good on terms of 24, 36, 48, and 60 months. Most dealerships I spoke with will accept a maximum of $2000-3000 on a credit card. Last time I got a new car, I put the whole $10,000 down-payment on a cash back card, but not this time.
#18168 of 32215 Re: FYI: Central NJ- Coupes and Sedans below invoice [sodaguy]
Nov 05, 2007 (2:23 pm)
Interesting... he does say the prices don't include destination and "fees". Wonder what that amounts to (the fees, I mean - obviously destination is published).
#18169 of 32215 Re: 08 Accord Financing [rusted_out]
Nov 05, 2007 (4:13 pm)
The only reason I want to use my credit card is that a 1.5% cash back and 0% purchase interest. I hate to take money out of my savings, but what the heck. I got to do what I got to do.
Hope they announce a special finacing program soon. 5.64% seems still high to me. 3.9% would be sweet.
#18170 of 32215 Re: 08 Accord Financing [uscratch]
Nov 05, 2007 (6:09 pm)
Please DO read the fine lines. I think there is a condition and check this with the credit card company. They want to make $$$ from you.
#18171 of 32215 Re: 08 Accord Financing [uscratch]
Nov 05, 2007 (8:22 pm)
I totally understand, I wanted to charge more than $2,000 on my credit card for the cash back as well. Ask your dealership and see what they say. I did see a local dealer advertise 2.9% on all 2008 Accords and Civics, and I went in; it turns out that in order to get the 2.9% "special", they were only willing to discount about $500 off MSRP; if I wanted around invoice, their rate was 5.5-6%, and they were not willing to give both a good price and the low rate.
I applied for and received a new credit card with 0.0% balance transfers for 12 months, and no fees on the balance transfer, so I am using that credit line to pay off the new auto loan. I have to make the minimum credit card payments each month, and have to pay off the total credit card amount within 12 months before the APR goes sky high. This year my taxes are going to be done extra early!
I have seen those credit card deals where the purchases OR the balance transfers are at 0.0% for 12 months, but I could not find a dealership who would accept more than $3,000 on the credit card, since they are charged a percentage by the credit card companies for each transaction. So, I went with the 0.0% balance transfer rather than on new purchases.