we have learn this time, thats why we are doing refinance, because i know we can get way better rate than this 6.89% any time instead haggle with this dealership.
The deal was 60 month and 0.9% APR, then they brought my mother in to a office to sign the paper. my mother told the finance guy, 60 month? 0.9%? yes ?, the guy said yes, and he asked my mother about extra warranty and gap(my mother only know warranty term), so she said no any thing. after all, she signed the paper.
It was my fault too, that i was not with my mother in the room, because we were their loyal customer and we trusted them.
Rofl. Now you're changing YOUR story. In your initial post you said 72 months financing. You really need to get your own facts straight. This is very humorous.
True. Check your local newspaper every week for the local average APR's listed as new and used, it's always there. Used car loans are higher because the buyers are considered higher risk. Lower risk consumers get lower rates, that's how it works.
That doesnt make much sense. Youre sayin only high-risk buyers purchase used cars? Thats hard to believe. A loan is a loan regardless if its a car (new or used), a house, a motorcle, it doesnt matter the product. Now with certain new car specials they may run certain low-interest specials.
Used car loans are higher interest rate be cause of values and risk assessment by the lending institution. Most if the time your lowest rates on new come from the manufacturers credit company. Yes credit unions are almost as low but they are owned by the members. A manufacturer will take the risk knowing it can repossess holding alot if price, and is profiting off the overall of the cost if the car, on the other hand a private lender or bank is completely dependent on interest and will base it's rate on your personal credit. There was a recent survey that read that over 60 percent of adults which had a beacon score of 700 or under bought used cars, because of this, banks will profit more off the used market then the new.most people with those beacons don't even realize they can buy new and don't bother to try. Higher risk equals higher interest.
The recent study story mentions 700 and below. That is quite a wide gap of beacons to be thrown together in a study. I would feel more confident in this study if they actually broke it down into groups vs lumping all together. 700 is hardly high risk.
Finally made it to the forums after owning my FG4. I guess partially because I've decided to keep her long term from now on. This is my 4th civic and 5th honda. (Boosted Ek, Kswapped Eg, beater 01 LX, and FBO 06 RSX Type S)
2014 Civic Si coupe (fg4), white. 128,000miles
Bought the car with a...
I have the 2013 civic si. I'm the second owner I got it at 58k it's now at 70k I have drivin standard cars my whole life. Now my question and problem is, My transmission, and a noise on start up every morning. seems like tons of people have similar issues like I'm having it's been doing it since...
Hey 9thgencivic,
Just joined a few days ago! How is everyone doing?
Anyways, I have a 2013 Honda Civc Si Coupe (Crystal Black Pearl). Owned it for almost 2 years now. I frequently browsed this forum when I was deciding on what Shocks and Springs to get. I ended up deciding on TruHart Sport...
A forum community dedicated to 9th generation Honda Civic owners and enthusiasts. Come join the discussion about performance, tuning, engine swaps, turbos, modifications, troubleshooting, maintenance, and more!