Honda rolls out low financing rates for best-selling Civic - Article

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Honda rolls out low financing rates for best-selling Civic

The Civic has been a pillar of the Honda lineup for decades, and high gas prices have made it even more important to the Japanese automaker's success here in the U.S. Back in May and June, Honda couldn't make enough Civics, but with the auto industry here in the States imploding, even Honda's little money maker needs incentives. Right now, buyers with good credit can pick up a brand new 2008 or 2009 Civic with 1.9% financing for 36 months or 3.9% APR for up to 60 months. All models except the GX are included in the offer, even the Civic Hybrid.

If you're not looking to buy a Civic, you can lease one for $1,999 down and $189 a month for 36 months. That's $1,100 cheaper than the previous offer of $2,799 down and $199 a month. Honda says the incentive offers are necessary in part because of lowering gas prices, and the Japanese automaker wants to continue to see Civics fly off dealer lots to keep its new Indiana factory humming. Honda dealers are also happy about the Civic deals in light of Toyota's 0% financing program on 11 vehicles, but they would like to see even more. Between 0% financing at Toyota and hefty discounts on 2009 Civics, we have all the evidence we need that U.S. auto market is completely screwed right now.

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