60 months

 

I think 5.54% is pretty good. I got 60-month @ 4.9% back in December 2008 for a used 2007 and that is with a 0.25% discount as a BofA associate. My Loan officer said I got a new-car rate because they consider 2007 or newer cars new.

 

Thanks for the feedback guys...

so im getting the car for 27,000 with the extended warranty...
amount financed is 29900...
490/month good?

 

You usually never work backwards - from monthly payment to interest-rate and downpayment. That's how you get shafted by the finance guy.

If I were you I'd get the lowest rate possible with the longest term for that rate and then pay it off early (make sure there is no prepayment penalty and that it is simple interest). I have a feeling that's what you are doing because that monthly payment amount looks like it's a 60-month term so you're good.

 

I guess Honda isn't running the 2.99/3.99% 36/48 mo (or was it 48/60 mo?) promotion any more? That's what I snagged for my '08.

 

[QUOTE=Penforhire,Feb 23 2009, 04:26 PM]I guess Honda isn't running the 2.99/3.99% 36/48 mo (or was it 48/60 mo?) promotion any more?

 

First time buyer here in 2007 and I got 7.49% with a credit rating of about 740

 

thanks guys helped me out a bunch...
here she is...


https://www.s2ki.com/forums/index.php?showtopic=674858

 

Congrats! Now take that front license plate off.

 

Looks like you can get 3.99% from certain credit unions. See this link for more info...

https://www.s2ki.com/forums/index.php?showtopic=672683


Obviously im a little late with this info but i'll post it anyway for others.


Congrats on the purchase