Monday, February 20, 2012

How come Toyota is offering 0% interest rate financing but the best Honda is offering is 1.9%?

All the car companies keep complaining but why won't they give better deals? I'd buy a new Civic EX if Honda would offer 0% financing otherwise I'll keep my old car for several more years.How come Toyota is offering 0% interest rate financing but the best Honda is offering is 1.9%?Toyota has a bigger inventory of unsold cars piling up on dealership lots than Honda does, so they are more motivated to offer better incentives than Honda. They are all hurting for sales right now , and as things get tighter its going to get worse. I wouldn't be surprised to see all of them offering 0% deals by the middle of this month. And in addition to the zero percent deals they may even start dropping their prices. If you're in the market for a new car wait until mid to late December when they're under serious pressure to make their quotas. I have a feeling that all their deals are going to get a lot better.How come Toyota is offering 0% interest rate financing but the best Honda is offering is 1.9%?Toyota is in alot worse shape than Honda in the economy. Toyota is really focused on just selling right now.How come Toyota is offering 0% interest rate financing but the best Honda is offering is 1.9%?could be based on costs the zero may be a higher sticker price check it out. that would be the savings to me.

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