Can I trust the finance department in a Honda dealership if purchasing a new car?

I was told that although Honda has a low interest special going on, the dealerships always like to play with your numbers so that you end up paying higher than you should. How true is this and if indeed it is, what should I look out for or know? Thank you.Can I trust the finance department in a Honda dealership if purchasing a new car?Well dealerships, including Honda, can add points to your interest rate. This means if the bank approves your loan at 5.9%, they can tell you your rate is 7.9%. This is how the financing department makes their money.



However, if you qualify for a special rate, such as 0%, 1.9%, and so on, most of those are advertised at the buy rate. In order to make sure, you can check edmunds.com and see what the current incentives are on the car you want to buy. You will also want to know if they are offereing cash instead of the rate. If this is the case, you will want to try both ways and see which payment is better.



Example: If they are offering $2,000 or 4.9%, figure a payment with the $2,000 rebate plus your bank/credit union rate v/s just the 4.9%. Keep in mind that the rebate doesn't replace negotiation. Keep in mind you must qualify for any special interest rate. Good luck,



http://www.theautoevaluator.net/Resource鈥?/a>Can I trust the finance department in a Honda dealership if purchasing a new car?
The one and only thing to watch for is the interest rate you actually qualify for. Your credit needs to be really good to qualify for the special interest rates that any dealer offers. It is best to get pre approved at either your bank or CU (whichever has the best rate) and then go shopping for the car.Can I trust the finance department in a Honda dealership if purchasing a new car?Don't buy any car, new or used w/o reading up here:

http://www.usedcartips.org/

"Sales" are run to get people to think there is a limited time special they have to act on. Once you're negotiating, nothing is off the table.

Shop financing, like shopping anything else.

A friend once told me, "when you earn a dollar your lucky to get 80 cents, but when you save a dollar you get the whole dollar, so it makes sense to work harder to save money than you do to earn it."
Find out the Invoice price that the dealer pays. Research the MSRP and do the math. Dealers will try to add fees. Read and understand every document before you sign it.Can I trust the finance department in a Honda dealership if purchasing a new car?That is possible. Check and see how high the APR is to the interest rate. The APR represents additional costs and fees attached to the financing of the vehicle. Even though they may have a low interest rate, they may have many admin fees, or 'other' fees that get rolled into your financing, thereby collecting interest for Honda.Can I trust the finance department in a Honda dealership if purchasing a new car?
As long as you are aware of and understand all the terms and conditions of the loan contract you should not have to worry about trust.



I think you can probably get better financing and much better customer service from a local Credit Union. Shop rates. Unless the dealer is offering interest rates and terms much lower than is available elsewhere, I would not use the dealership to finance the car.



Being a knowledgeable consumer is the best way to avoid problems. Know the best rates available to you by shopping for a loan before you go shopping for a car. Know the terms you want. How many month's is the loan, how much is the down payment, how much is your trade in worth. What is the interest rate.
I heard from my economy teacher that walking into a dealership and buying a car from there is the dumbest anyone can do. He said you should always always finance a car online and then go to the dealship to get the car or something like that, the prices will be lower (how low I'm not sure). And when the price is unfavorable to you you have to show them you're not interested and walk away, then they cant help but give in to your offer.Can I trust the finance department in a Honda dealership if purchasing a new car?
Good question... most companies will have you paying years after the car is so depreciated in value, that compared to whats still owed in finnance your left kinda stuck with a commitment that well out lives the cars worth . What you really wanna know is, how much is the car gonna cost you per month, IN TOTAL, and how long your gonna be payin.. then total up the full cost. Get those in writing if possible without any hidden extras.
Never finance a car through a dealership, if you can avoid it.

They actually tend to rip you off on the warranties and "extended" warranties.
Before you go in do your reasearch. Know what % your getting and for how long. The price of the car and get someone if you can't to do the math for you. be armed and ready and if they are trying to rip you off you lay it out on the table for them and walk out.
its not rocket science !. 1) agree on price 2)agree on interest rate and term.3) decide on add-ons like credit life and dissability, gap insurance and extended warranty. When signing contract make sure all are what was agreed upon or walk out if they changed anything
yes, just be carefull