Consumption and Real Estate
When do car manufacturers normally offer low interest rate loans/cash back?
Question : When do car manufacturers normally offer low interest rate loans/cash back?
I am currently looking at a new Honda but I would prefer to wait for some kind of incentive, like low interest, before I buy. Are dealers more likely to offer these during the summer months? The last time I purchased a Honda was in the month of May and I was able to get 2.9% interest. Anyone know of any upcoming deals on Honda’s financing in the next few months?
low interest rate loans
Best answer:
Answer by Josh B
they usually do toward the ends of the summer more in the end of july and august months because they want to get their older cars off the lots because they get charged taxes for every car that is on the lot still. what also might help is to get someone with very good credit to sign for you and you pay for the car through them. i got basically 1 percent interest with my parents signature and a car when they needed as many cars as possible sold at that time. its usually when the next years cars are about to come out.
Manufacturers will offer dealer incentives when their sales slow below the expected levels. There is not a certain time of year, it is an ongoing activity and timing varies by manufacturer. Edmunds.com has info on the current manufacturer’s incentives. You will need to check frequently because new ones can come available at any time and usually last only 1-2 months.