Honda Announces New Incentives for October
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.
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