By Colin Bird on December 17, 2010
Honda has the second-highest residual values in the industry (after Subaru) because the company doesn’t offer big discounts on its vehicles. In fact, Honda is currently offering no customer cash-back incentives during its holiday sales event. So how do they call it a sale?
There are dealer incentive programs, which we highlight below. It’s important to note that dealer incentives are for the dealers only, but often you can squeeze the manufacture subsidy out of your retailer. For more info, check out our advice page on the incentives.
To move the metal, Honda typically leans on leasing, which doesn’t affect residuals as much. For December’s campaign, Honda offers “$0 down payment, $0 security deposit, $0 first month's payment, $0 due at lease signing” on some models. For instance, you can lease a higher-end 2010 Accord Crosstour for $320 a month with no down payment. The popular 2011 Honda Odyssey also has a $360 lease deal with nothing down.
For those who want to finance, Honda is offering 0.9%-2.9 % interest-rate deals for 60 months on most of its lineup. Most of these deals end Jan. 4. More detailed information is below.
Lease Deals (includes $0 down payment, $0 first month's payment, $0 due at signing)
Special Lease Deals
Financing deals 0.0%-2.9% APR for 60 months on the following models: