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Discussion Starter #1
My truck is here but the dealer had told me when I ordered that he could beat my Credit Union deal...he wasn't even close. Has anyone else noticed that the Honda financing seemed much higher?? Now I have to wait to go through the Credit Union. I was trying to do a new car balloon deal...maybe that is something Honda can't do.
 

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maybearidge said:
My truck is here but the dealer had told me when I ordered that he could beat my Credit Union deal...he wasn't even close. Has anyone else noticed that the Honda financing seemed much higher??
I negotiated financing at the same time I negotiated the sale, before I took delivery. Honda Credit rates weren't as good as my local bank. I got the dealer to work with one of their banks to match my local bank rate. That way they got to make a tenth or two and I got to turn the deal around quickly without any work on my part.
 

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Discussion Starter #3
Yeah...they're now working on it with another bank....Honda Fi was 2.89% higher than my credit union...way out of wack with everyone else too...I can wait though
 

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maybearidge said:
Yeah...they're now working on it with another bank....Honda Fi was 2.89% higher than my credit union...way out of wack with everyone else too...I can wait though
what's the current rate for honda financing? and your credit Union Financing?
I work in a credit union and we're running a 4.99% financing on brand new vehicles 60 to 72 months.
 

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Rates are very dependent on your FICO score. You can do better than advertised rates depending on how good your credit is. Good credit is a negotiating point.
 

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Discussion Starter #7
4.9 for 66 months from both...which I'm going to take from Honda for ease of use. I was going to do a ballon but Honda's was way high
 

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swampler said:
Any good deals on financing for 36 months? Best I could find online today was 4.49%. I'm still trying to decide whether to borrow or not. :eek: A low enough rate would settle it for sure!
you can go to the company's website and try to figure out what's the best deal for you. Here's the site's url: http://www.firstcitycu.org. 4.49% is pretty good, and it also differ to the amount of the down payment to if you decide to finance. Is the lease on the RL resonable??
 

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kanji said:
you can go to the company's website and try to figure out what's the best deal for you. Here's the site's url: http://www.firstcitycu.org. 4.49% is pretty good, and it also differ to the amount of the down payment to if you decide to finance. Is the lease on the RL resonable??
I'll check out that website...thanks. I don't lease vehicles...I drive too many miles for that.
 

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credit union's don't just rely on fico scoring, if they do CU wouldn't have any member's and customers. They do alot of automotive and housing financing, and they are resonable and sometimes beat other financing companies in the market.
Since you said you drive alot, i suggest in looking into GAP insurance to protect yourself and get your vehicle back fast.
 

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Gap insurance makes a lot of sense. Crysler gave me Gap insurance for free on my Jeep Grand Cherokee. It was a lease. It covers anything the insurance will not cover up to how much is owed on the vehicle to pay it off.
If you can get it cheap I would highly recommend it. Ya never know when that accident is going to total your vehicle. Then your insurance says they will only give ya 10k but you owe 16K. That is when GAP insurance kicks in and saves your butt.
 

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I was lucky enough to get financing for mine thru my CU @ 3.75% for 42 months. Didn't get GAP insurance, because had a significant down payment. I would highly recommend GAP if payment is for 60 months or more and if the down payment didn't lower the amount needed to borrow below $15-18k. I'm a firm believer in CUs and kanji is right, they do look at moare than just the fico. :)
 
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