Honda CR-V To Get 2.9% APR Certified Used Deal For Labor Day

By

Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

, Senior Pricing Analyst - July 16, 2019

Late-month used car buyers will be able to enjoy lower rates on the Honda CR-V starting next week. According to a bulletin sent to dealers, the automaker will introduce financing as low as 2.99% APR on Friday, July 26. This is the first certified used car deal we've seen on the CR-V since Memorial Day.

Given that the average used car rate has exceeded 8.6% in recent months, we consider this a pretty good deal. That said, it's important to note that Honda Financial Services is limiting the 2.99% rate to loans up to 36 months. The 60-month rate is 3.99%, while there's also a 72-month option at 4.99%.

On a $22,000 vehicle, a 5-year loan at 3.99% would cost approximately $24,304 before taxes & fees. At a rate of 6% when financing independently, it would cost $25,519. At 8%, it would cost $26,765. That's as much as a $2,500 advantage for financing through Honda.

The promo will run through Labor Day on September 2 on all factory-certified 2014-2019 used CR-Vs. Interestingly, the featured rates are just 1% higher than what the brand is offering on brand-new CR-Vs. Stay tuned for our special Labor Day deal coverage next month.

See all top certified used car deals »

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

Privacy Policy|Terms of Use|Cookie Policy|Disclaimer
COPYRIGHT 1999-2019 MH Sub I, LLC dba CarsDirect.com