Info on Financing a car

[n4h]

Hey guys,

I was just wondering if you guys could give me some info on financing a new 2008 Honda Civic.

Around how much would it cost per month? What type of down payment if any would i need to pay? Is it easier to do it through the dealer or get a loan from the bank and finance it through them?

Any info would help as i don't know much about it... And i do not want to lease.

[bkim3]

Right now, Honda offers 0.9%/2.9%/3.9%/4.9% finance rate for 3/4/5/6 yrs. Bank will charge you at least 1-2% over prime(6%).

You can try Honda website to calculate your monthly payment. "Build It/Price It"

Up to you how much money put down. 0 down possible.

[MP3_SKY]

Most of the time, dealer's finance rate is much better than the banks.

Go visit your local dealer, the sales will give you a number for each term and rate available. Don't be shy. :cheesygri

[PrinceMS]

Above two posts are true for NEW CARS only. If you are financing old car, best to goto your own bank and get financing through dealer. Car dealer offer financing but at higher rate (usually)

[MP3_SKY]

He ask to finance a new 08 civic, so of coz he is buying a new.
Finance a used car paying higher interest rate. True, but sometimes it is still better than banker's interest rate.

[Spud72]

Above two posts are true for NEW CARS only. If you are financing old car, best to goto your own bank and get financing through dealer. Car dealer offer financing but at higher rate (usually)

on financing a new 2008 Honda Civic.

I think that kind of specifies he is not looking at a used car.