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?
Manufacturers will offer dealer incentives when their sales slow below the expected levels. There is not a certain time of year, it is an ongoing activity and timing varies by manufacturer. Edmunds.com has info on the current manufacturer's incentives. You will need to check frequently because new ones can come available at any time and usually last only 1-2 months.
