Question by Virginia J: When do car manufacturers normally offer low interest rate loans/cash back?
I am currently looking at a new Honda but I would prefer to wait for some kind of incentive, like low interest, before I buy. Are dealers more likely to offer these during the summer months? The last time I purchased a Honda was in the month of May and I was able to get 2.9% interest. Anyone know of any upcoming deals on Honda’s financing in the next few months?

Best answer:

Answer by Josh B
they usually do toward the ends of the summer more in the end of july and august months because they want to get their older cars off the lots because they get charged taxes for every car that is on the lot still. what also might help is to get someone with very good credit to sign for you and you pay for the car through them. i got basically 1 percent interest with my parents signature and a car when they needed as many cars as possible sold at that time. its usually when the next years cars are about to come out.

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