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
  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

    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_groups_user, Sep 8, 2005
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