Honda Financing 1.9% and .9% Credit Scores

[Balakay]

Withiut getting into too many specifics on anyone's credit scores, I'm wondering what the "tiers" are for Honda's financing. I'm looking to take advantage of their 1.9% or .9%(depending where the numbers end up) financing offer on my Si. My credit has dipped a bit recently with a house purchase and everything that goes along with that. But it's still what I would consider great credit. What seems to be the cut off for this incentive? Thanks in advance!

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[ToastedSi]

I think income, total debt amount, adverse history and credit scores are all taken in consideration. 760 credit score landed me the 1.9% over 60months

 

[Balakay]

I think income, total debt amount, adverse history and credit scores are all taken in consideration. 760 credit score landed me the 1.9% over 60months

Yeah, they take it all into account. Just trying to get an idea of what number they like to see. I'm not worried about the rest of it.

 

[Ataricade]

They have a lot of flexibility on what rate they give you. Being responsible with prior leases and purchases with them or other car companies has a lot of weight.

 

[Balakay]

I was able to qualify for the lower rates. My credit score was around 30 points higher than I thought it was.

 

[Balakay]

When I bought mine I was 19, No credit history, 635 credit score Im stuck with 8% interest over 72 months

You're not stuck with it for that long. The first truck I bought by myself was 8.99% interest with no credit history. After a year I refinanced it down to 3.99% interest.

 

[Genuine]

About a week ago I was at my local Honda dealership speaking with my salesman about a new Civic Si Sedan. We didn't get much into financial figures but I did test drive a coupe (I prefer the sedan, but that's besides the point). After we got back his manager (sales manager) stopped by and started talking about current Honda offers/incentives. He seemed straight forward and confident when he told me that any credit score over 720 would qualify for the .9% or 1.9% financing through Honda Financial. I don't know the exact tiers but it must have some validity because about a month prior my girlfriend qualified for the .9% lease offer on a brand new Honda Pilot EX-L and her credit score was in the high 720s. Same salesperson and sales manager.

 

[FLOPPER]

I got 0.9% with a 680 score a year ago.

Sometimes it's just timing though. Honda offered the .9% on a bunch of cars a year ago, whereas a couple months ago they were offered on very few models. At that time my wife got a CR-V and we ended up financing through our credit union instead because of the crazy rate Honda was offering at the time, like 4.9% or something.

 

[chestypuller]

that honda financing is the best. we were lucky and had a high enough score to get the 1.9 at 60 months. so over the term i think its about around 2k exxtra your paying

 

[LeaveEarly]

I got 0.01% over 48 months for a hatch lx with a 778 credit score. however i had to do a $3500 deposit to get that rate but it will be returned as long as i pay for the car lol

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