Automotive

Finance rates from banks?

  • Last Updated:
  • Jul 7th, 2019 12:48 pm
[OP]
Deal Addict
User avatar
Jan 23, 2006
2384 posts
1155 upvotes

Finance rates from banks?

The car I am looking to get (Clarity) has a rather higher financing rate from Honda financial- 4.5% at 48 to 72 months.

Are there any lenders out there offering better rates? What are people getting?
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2 replies
Sr. Member
Aug 25, 2005
815 posts
78 upvotes
From my experience 4.5% is is lower than you'd get on a standard car loan from a bank.

If you are looking for the best absolute rate, maybe you can put it against something like a LOC (if you have a good rate)
Deal Addict
Oct 5, 2008
1133 posts
42 upvotes
The advice of “get financing from your bank or credit union, it will be lower” generally only applies to Americans. Even then it’s becoming less common down there.

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