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  TOV News > American Honda Reports July Sales Results > > Re: Interest Rates

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99SI
Profile for 99SI
Interest Rates [View News Item]    (Score: 1, Normal) 08-02-2018 10:16
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Wonder how much of this is related to interest rates and the associated rising costs of leasing or financing. Seems like nobody was sparred. I would expect used cars in general are coming in more demand.
Gfn8r
Profile for Gfn8r
Re: Interest Rates [View News Item]    (Score: 1, Normal) 08-02-2018 17:31
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Except that rates on used cars are higher.

But youíre spending less, in theory, so itís a wash?

NorCalSales
Profile for NorCalSales
Re: Interest Rates [View News Item]    (Score: 1, Normal) 08-02-2018 19:26
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Most banks offer the same rate on anything 2MY or newer, those that don't are just a quarter point higher.

Technically it was always this way, dealers just used to be able to take advantage on used and markup rates by convincing people rates were much higher on used. In this day and age with the local CU's posting rates online if you try that crap you will get called out and lose business.

Example https://www.redwoodcu.org/


 
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