Honda Offering Low Interest Rates and Lease Deals
On the docket: low-interest loans (although no 0% loans this month), several low-payment lease deals, and robust hidden factory-to-dealer cash incentives (which translates into price discounts for customers).
Incentives are for 2010 model cars, except where noted, and deals expire on July 6, 2010. All lease deals are 36 months, 36K miles.
Honda Accord - 0.9% APR loan for 24/36 months, 1.9% for 60 months - or $199 a month lease (LX sedan), $1999 due at signing - or $219 a month (LX coupe), $2599 due at signing - and $1200 factory-to-dealer cash
Honda Civic - 0.9% APR loan for 24/36 months, 1.9% for 60 months - or $169 a month lease (LX sedan), $1799 due at signing - or $159 a month (DX-VP model), $1399 due at signing - and $1000 factory-to-dealer cash
Honda CR-V - 1.9% APR loan for 24/36 months, 2.9% for 60 months - or $249 a month lease (LX model), $1999 due at signing
Honda Odyssey - 1.9% APR loan for 24/36 months, 2.9% for 60 months - or $249 a month lease (LX model), $1999 due at signing - and $1500 factory-to-dealer cash
Honda Fit - $149 a month lease, $2399 due at signing
2011 Honda Pilot - 1.9% APR loan for 24/36 months, 2.9% for 60 months - or $309 a month lease, $2999 due at signing
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid