r/Honda•
duoderf

Upcoming memorial day asales on new Hondas?

My wife and I are getting ready to purchase a 2019 HRV and since we are not in any hurry to purchase a car we have been biding our time. So far we have walked away from a sales offer of just over $22k out the door for an EX.

I was wondering if there are any upcoming sales for memorial day weekend. I already get the $500 military rebate and no sales tax because I am a Florida resident living out of state. Neither of those are factored into the $22k I have already been offered.

Posted May 15, 2019, 2:09 AM UTC

14
RunningGargle•

There is a memorial day sale going on:

https://tri.hondadealers.com/?gclid=CjwKCAjw_YPnBRBREiwAIP6TJ_bFj24CsqK-PxYyKXKYf1g4qf6tGrun31h7-UKq7Gu0Ft33PXQ0aRoCSDgQAvD_BwE&gclsrc=aw.ds

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Might be specific to your location but for my location I'm only seeing APR deals for the LX model.

Im in the same boat as you and 22k for the EX model is actually a good deal from what I've seen.

Did you end up getting anything or are you waiting for this weekend?

1
duoderfOP•

We ordered/down payment on an orange LX. Should take delivery of it sometime next week. I'm also going to qualify for one of those $500 off deals and my credit is good enough to get the 3.9% apr on a 60 month lease. The salesman did say that the dealership could probably get a lower apr/lower monthly payment (and a similar kickback) through one of their banks. I'm sceptical about their banks but willing to listen.

edit: we wound up going to a second dealership to get almost the same deal. This dealership is closer, threw in some Tshirts, and included the installation of a hitch, really they wound up getting my bussines because they are 30 miles/45 minutes closer and gave me $200 worth of freebees

1
RunningGargle•

Congrats on closing the deal!

I haven't shopped for loans through credit unions/banks yet but that is my next move knowing that I want the HR-V.

If you don't mind me asking, what was your credit score range to get the 3.9% on a 60 month lease? I'm sitting around 715 right now and trying to get it up since my credit used to not be so good in the past.

Excited to get something new since I'm driving an 02' Civic Si hatchback right now. I wanted the extra room and AWD for winter trips so I figured the HR-V would be good without having to bump up to the CR-V. Even though the engine doesn't have a lot of power I'm fine with better fuel economy since I travel between states for work.

Anyways, congrats again on the buy!

1
duoderfOP•

My wife is 815 and I am in the 740 range. We would both be above 800 but I had a house in my name that I purchased in 2005, possibly the worst time to have ever bought a house. Anyway, I purchased it in 2005 for 198k and sold it in 2017 as part of a short sale 95k.

The 3.9% rate is the honda promotional rate, my wife is going to be the primary buyer and I will cosign since I am the high earner in the household. The salesman did mention that they have 'deals' with private banks that can get me a better rate, but I am sceptical on those, they tend to be worse, or the terms are different than honda financial offers.

If you are looking at outside financing, dont let the dealership know that until you are ready to sign the final papers with the backroom guy. They calculate getting a kickback from the bank or finacial service that they reccommend and have relationships with. If you express interest in their financing it can only help you even if just a little.

We are replacing a 2010 honda fit, which is actually staying in the house and just going to my daughter who needs a car at college for next year. Its a great car and there is nothing wrong with it, but the 2500-3k we would get for a trade in, isnt worth giving up a perfectly solid car that we know its service history and any issues it might have. Really my wife doesnt NEED a car, and my daughter doesnt NEED to have our fit, but its nice to have a new car every couple of years.

1