Bam Posted May 3, 2005 Report Share Posted May 3, 2005 Ok, so we're buying a new car, and the woman really likes this 01 Honda CRV, it's blah to me but I know it's a Honda and will last so it's ok. Anyways, It's at a Honda dealer and first off they offered me 3.9% for 60months on the car thru Honda. Then they came back and since I didn't have the credit experience nor the job time. (I'm 19, and have been at my current job 3 months so not hard to understand.) But they came back with 5.69% per for the same 60months. I bitched and complained for a bit and got $700 more for our trade to make up for the extra in finance charges I'd have. So anyways, long story short, is 5.69% good on a used car for 60months? Thanks guys, I'm feeling its a kosher deal, even if its not the car I'd love to spend the dough on, its a smart choice and worth it. I'll be signing the papers tomorrow afternoon most likely. Matt Quote Link to comment Share on other sites More sharing options...
ttemper Posted May 3, 2005 Report Share Posted May 3, 2005 I'm 20, and have an interest rate of 13.5 on a 2 year loan. Thats well worth it! Quote Link to comment Share on other sites More sharing options...
Alex1647545498 Posted May 3, 2005 Report Share Posted May 3, 2005 That's good. Quote Link to comment Share on other sites More sharing options...
iwishiwascool Posted May 3, 2005 Report Share Posted May 3, 2005 for a 19 year old... yes that is very good. Quote Link to comment Share on other sites More sharing options...
Bam Posted May 3, 2005 Author Report Share Posted May 3, 2005 Cool, thanks guys. Just not having a ton of experience w/ this I wanted to get a 2nd opinion. Sounds like I'm picking it up tomorrow. Thanks again, Matt Quote Link to comment Share on other sites More sharing options...
Rob1647545496 Posted May 3, 2005 Report Share Posted May 3, 2005 try universal one credit union in dayton i got 4.7% when i bought my c6. that got the dealership to go from a 5.9 to a 4.95. so i went with that. i'm 20 but i've been at my job for 3 years. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted May 4, 2005 Report Share Posted May 4, 2005 Considering age and job history, that's a great rate for a 60month term! graemlins/thumb.gif Quote Link to comment Share on other sites More sharing options...
Kohones Posted May 4, 2005 Report Share Posted May 4, 2005 Don't know what lender they're using? As A Fin Mgr for a dealership I'll tell you that at 19 with 3 mo job time/ thats a GREAT financing deal for you --- It's probably a sub vented program with Honda Finance Quote Link to comment Share on other sites More sharing options...
Bam Posted May 4, 2005 Author Report Share Posted May 4, 2005 Yeah it's thru Honda, and I ended up getting 4.99%, I think it helps because my credit beacon score of 790, and that it's Honda Certified, and I was trading in a car worth $2700. Next up is a 2002 Corvette Z06.....muhahaha Quote Link to comment Share on other sites More sharing options...
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