Finding the best rate for new car loan? (2005 Accord)

Discussion in 'Accord' started by techman41973, Sep 3, 2005.

  1. techman41973

    techman41973 Guest

    To anyone who recently financed a new car. What is a good way to find
    the best rate for a new car loan? Any websites that allow you to
    quickly compare rates etc. How do 3rd party companies compare with
    Honda's own finance options. Thanks
     
    techman41973, Sep 3, 2005
    #1
  2. I refinanced to a couple of 0% APR credit cards. You need pretty good
    credit to do so, however, and the rate is usually guaranteed for only a
    year. Some credit cards give you life-of-balance at 3% or so. All
    this is assuming you have spotless credit.

    They are loss leaders, hoping to lock you into revolving credit, so a
    bank can't beat them. Just make sure you have auto-pay set up, and
    don't use the card(s) for anything else, so that your rates don't go
    up.

    The biggest reason to do it for me was to remove the lien. I had a
    breakin, and had to wait a few days (while my car sat idle in the shop)
    to get Honda Finance to sign off on my insurance check since they were
    a lienholder. Also, lienholders put caps on insurance deductibles.

    -MVL
     
    mvl_groups_user, Sep 8, 2005
    #2
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