Honda Finance offered used car interest rate of 2.99% on 4/48 used Honda loan.

20vtguy20vtguy Member Posts: 7
edited April 2017 in General
My friend just got this loan on a certified CRV. Do u think the dealer still made an interest point on him? Someone I know who was a car salesman said he thinks that dealer probably did. The rate seems so low, can't imagine the Honda Finance actually offered 1.9% and the dealer added a point. Any opinions?
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  • kyfdxkyfdx Moderator Posts: 267,549
    20vtguy said:

    My friend just got this loan on a certified CRV. Do u think the dealer still made an interest point on him? Someone I know who was a car salesman said he thinks that dealer probably did. The rate seems so low, can't imagine the Honda Finance actually offered 1.9% and the dealer added a point. Any opinions?

    The last document we have on CPO finance rates expired on 04/17.
    For top tier credit, 1.9% APR.
    If the FICO score is under 710, then 2.9%

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