Honda Car Forum

I'm graduating from school next month, and I plan on buying an '07 Civic EX Coupe w/Navi. I've tried doing some research into financing, and have found where Honda offers a Graduate Financing program. Does anyone know any specifics on this program? I plan on putting $9,000 down (roughly 40% of the sticker price), and have started a full-time Credit Analyst position at a nationally chartered bank in Texas. I've checked into financing through the bank where I work, and the rate was a little steep for my liking (lack of established credit history).

buy an RSX instead dude.ive never heard honda offering a graduate program..but i could be wrong. i think toyota does.But with that much down..your set. you can try through a dealer..theres usually banks that offer programs for graduates/not much credit history

i dont know the specifics but i am farmiliar with the program, basiclly it's for new college grads who have not yet established credit or have very little car credit.... but a 40% down payment will greatly increase your odds, i doubt you will even need a co-signer as most first time new car buyers often do.... if the car is $20000 and your putting down $9000, you will only be financing $11k, which will be better for you.. i would hold off on telling the sales person about your big down payment, so it doesnt influence the final negotioated price... work the deal, get a number set , then let them know what your throwing down. and also , since you are a first time buyer , your interest rate may be a little high, what i would do, if i were in your position, is pay an extra $30 or so on every note for the first 10 months, you will eliminate the accrued interest and lower the debt, and your equity will be in good standing, and after the 10 months is done, refinance through a nother bank...

tyr this link http://www.hondafinancialservices.co...l_programs.asp