Honda Announces New Incentives for October
Honda sales are suffering in 2011, down 6.2% compared to last year. September was a particularly challenging month with a drop of 8.2%.
While that is tough news for the automaker, it brings opportunity to new car buyers who have an eye toward Honda.
Honda recently announced an array of new incentives for those who plan to lease or purchase a wide assortment of the company's vehicles.
If you're looking for something small and fuel efficient, you can buy the 2011 Honda Fit with an APR (annual percentage rate) of 0.9% for 24 to 36 months, or 1.9% for up to 60 months.
Or you can get a 36-month lease on a 2012 Civic Sedan LX automatic, paying $179 per month with $2,599 due at signing.
Honda is also offering a trio of 3-year lease deals with no down payment and no payment for the first month:
|Model||Payment/Term||Due at Signing|
|2012 Honda Crosstour 2WD V-6||$330/35 months||$0|
|2012 Honda Odyssey LX||$360/35 months||$0|
|2011 Honda CR-V 2WD LX||$270/35 months||$0|
Other low interest loans are available on the 2011 Accord Coupe, 2011 Accord Sedan, 2011 Accord Crosstour and 2011 Pilot.
These vehicles are all available with 0.9% financing for 24 to 36 months or 1.9% for 37 to 60 months.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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