Interest rate on Honda Vehicles

Probably, although this question can't really be answered the way you have asked it. Are you financing through Honda, or your local bank, or what? In either case, the answer is "probably".

Define "bargain".

You don't have to buy the money from Honda. You may buy the money from anyone. The dealer just wants the cash. It doesn't matter whose name is on the check.

And if you want the dealership to broker the money deal for you, they work with anyone and everyone.

So yes, it's negotiable. Everything is negotiable.

You have to evaluate each part of the deal separately: the purchase price of the car and the purchase price/total cost of the money you're buying to acquire the car.

And keep in mind that money is a fungible; it's all the same no matter where you acquire it. So get it for the absolute cheapest you can. That may entail some work on your part. A slightly higher interest rate may give some other perks you want, for example.

My advice is never to buy more than one thing from the dealer. Get a price from the dealer, period. Buy your money from somewhere else. If you have a used car to sell, sell it as a separate transaction.

Remember--the more things you tie up into one transaction with one salesman, the more chances he has to rip you off.

Sure. First go to your bank and credit union and get their rates. Then after you negotiate the price of the vehicle (and only after you negotiate the price) have the finance guy at the dealership tell you his deal. It will probably be higher than either your bank or credit union deals. Tell the finance guy to beat the bank/credit union. He may come up with a very low interest rate but home equity lines, if you qualify, are tough to beat. The best deal should get your business. Note that there's some movement to make 100% of auto loans tax deductible in ongoing Federal Stimulus Package negotiations.

You've gotta bargain to get the best deal (unless you opt for a factory-sponsored lease). Check on-line resources like

So what color Accord are you going to buy?

Happy Motoring

The first rule of business is: Everything is Negotiable.

How low a price you will pay is a function of how good a negotiator you are and how hungry the dealers are at the time you visit. You do visit more than one dealer, don't you?

The biggest factor on your interest rate and whether you even get a loan is your credit score. The lower it is the more you pay.

Negotiate the best price you can for the car, and if you can't get a decent loan rate (0% financing may be available), tell them you would like to lease it at that sale price (if you don't mind leasing).

can you tell su which country you're in as this helps with the advice

You may get a better price for your old car when sold separately (depends on various factors) but if your trade-in's value is deducted from the new car's sale price then you may want to consider the change in sales tax you'll be paying on the new car (depends on where you're buying it) as the difference in sales tax may make it worth your while to trade-in with the dealer instead of selling privately.

Absolutely. Each state is different, so run the numbers.