Last post on Dec 10, 2013 at 1:25 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Honda Accord, Coupe, Sedan
#20278 of 32216 Re: Accord EX L [mplshondadlr]
May 01, 2008 (1:33 pm)
Are there any financing deals on the Civics for the month of May?
We are torn between the Civic and the Accord. I personally love the size of the Accord and the styling. My wife loves the mpg of the Civic. So we go back and forth. She is all about mileage. The price of the Accord with discounts is not that far from a midrange Civic. Maybe I should rephrase that: a few thousand dollars difference.
Probably getting a Civic this weekend as my son inherited our 2000 Honda Civic, beautiful car in great shape.
Please convince me otherwise so I can convince my wife to opt for the spacious Accord. She already dissed the Hyundai Elantra because is fell 2 mpg gallons short of the Civic in estimated highway mileage.
#20279 of 32216 Re: Accord EX L [sparkland]
May 01, 2008 (2:28 pm)
1.9% or 2.9%
#20280 of 32216 Re: Accord EX L [sparkland]
May 01, 2008 (10:22 pm)
MPG difference is about 10-15%. Price differences is a few thousand. Price difference is little and performance difference is significant. Trust me. Go ahead buy an '08 Accord V6 EX-L with 268 HP as I did and drive less with your easy right foot on gas pedal. That's the trick. Same Accord '02 V6 my kid got 19MPG while I got 24 - 25MPG. '08 Accord with VCM gets very good MPG.
Accord lasts longer and is much better than Civic in every term. Accord '08 V6 EX-L is equivalent to Acura XL a couple of years ago.
#20281 of 32216 Re: Accord EX L [viet]
May 02, 2008 (3:16 am)
I you are going to spend the extra money to get more power then drive it around barely putting your foot on the go pedal - then what is the point ?
Seriously, none of us NEED or HAS TO HAVE the extra power of a V-6. We may think we do, but we don't. I have a heavy right foot and drive pretty aggressively so *I* would probably opt for the V6. I see folks in traffic all the time poking along taking forever to reach even 30 mph in their cars with a "V6" badge on the back of a model where a 4 banger is available.
If you don't tap the performance you don't need it. Get the 4 and drive it gently and you are rewarded with even better economy. If you drive like me, then get the V6, but don't throw your money away by poking along in it .
May 02, 2008 (1:10 pm)
Hows APR determined?! I have a creditscore of 717 and I jus came to know honda (accord) is offering some low interest rates this month (24 month- 0.9%, 36 months-0.9% and 60 months- 2.9%). How can I know if I qualify for this? Please let me know
#20283 of 32216 Re: APR [rpbala]
May 02, 2008 (2:27 pm)
AHFC's "Super Preferred" tier is 710 and up using THEIR score method and credit agency. I can't remember which it is, but it is NOT Equifax for that leaves Experian and TransUnion and few used the latter so I would guess Experian is who AHFC uses.
They usually use an "auto enhanced" score that puts more weight on paid off and on time car loans and leases than other items. So if you have a 710 on Experian and some paid off and never late car loans, you should be fine. If you have no car credit history then you may not qualify for the top tier.
May 02, 2008 (3:07 pm)
Thx Dennis! That credit score is from experian and actually I dont have any car credit history! If i dont qualify for the superpreferred tier...does honda offers anything for second tier?
If the dealer is financing me...assigning APR is a standard procedure or they can make profit in that?
#20285 of 32216 Re: APR [rpbala]
May 02, 2008 (3:52 pm)
You will just have to apply and see. You can get pre-approved via the AHFC web page but they will just give you an amount. Obviously, if that amount is not enough to get what you want then things do not look good. The do not tell you the tier or rate, because the dealer can mark it up for extra profit. Few Honda dealers do, but when there is a published discount rate then they would not. A dealer that likes to mark up rates could tell you that you didn't get the cheap rate when you did but they marked it up on you. In that case you could check with a couple of dealers to be sure they give you the same story.
Honda has lots of rates, under 710 but over 6xx is "preferred" and will be a little higher. Lower scores = higher rates.
I would say get the online pre-approval with the captive bank, AHFC in this case. With Honda it does not help much since you will have to do a real app at the dealership, but if Honda says you can borrow enough to cover the car you want then have step 1 done. The next step is to bargain the price to near invoice including the dealer doc/prep fees. Then tell them you want to do the cheap financing and have the AHFC approval and let the F&I folks check it to see if you get the cheap rate or what they will do. If they say you don't qualify for the cheap rate, then you can repeat the proceedure at another dealership and see what they say "just in case".
At some point all the other banks will catch up to BMW, You do an online pre-approval with them once - then when you are ready to lease or buy and have made your deal, you login and direct them to send your app to the dealer of choice. When you show up to get the car they have it printed and ready, you just sign it with the other paperwork. And this was available 8 years ago....
#20286 of 32216 Re: I'm ready to purchase! [jaxs1]
May 02, 2008 (5:16 pm)
Yes my price was $22,563 SC Tax is capped at $300 + $399 Doc fee
Picked it up Saturday with 3.9 Apr
#20287 of 32216 Re: APR [dwynne]
May 02, 2008 (5:41 pm)
I was told by one dealer that gave me a quote said they use Equifax and fico had to be 740 to qualify. The dealer I bought from used Trans Union score. I picked my car up on April 26th and got a rate of 3.9 since there were no special apr's on the accords.