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Discussion Starter #1
My FA5 should be arriving at the dealership between tomorrow and the 20th so I need to make up my mind about how I'm going to finance this baby.

I just found out today that Honda has a regional special of 2.9% for 36 months and I don't think I'm giong to find anyone who's going to beat that. I just wanted to know if, through Honda, you can pay additional money on top of your monthly payment to put towards the principal. When my friend financed his car, whoever he financed it through would not let him do that.

Thanks for the help!
 

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I always pay more and I financed through Honda also.

Ditto.

My CR-V's monthly is around $470, and I've put $3000 towards it the last two payments.
 

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Is it simple interest?

That's one thing that was really important to me.
You can really cut down on the amount of interest you have to pay.

I ended up going with a major bank auto loan because they used simple interest and had no penalties for early buyout, overpayment, etc...
 
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