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Honda Offering $1,000 Discount In Final Days Of Fiscal Year

Honda is offering up to an extra $1,000 off MSRP in the final weeks of its fiscal year. According to a bulletin sent to dealers, dealers are being given an unadvertised incentive called March Closing Cash to help seal more deals. As a result, consumers may find themselves in a position to get a better price on select models.

The incentive is comprised of March Closing Cash certificates issued to dealers in increments of $100. In the case of the 2024 Honda Accord, Pilot, and Odyssey, the maximum amount available is $1,000. Similarly, the popular Honda CR-V as well as 1.5T versions of the Civic are eligible for $500 in additional savings.

Honda Civic sedan blue color front view

Rules forbid dealers from advertising March Closing Cash, so odds are that you'll need to ask for quotes to see the lowest prices. It's important to keep in mind that there's no guarantee that dealers will be willing to pass along the savings. In that sense, we consider this akin to dealer cash rather than a normal rebate.

We also found some important limitations. Honda is excluding hybrids from the promotion, creating an advantage for its internal combustion engine (ICE) vehicles. The popular Honda CR-V Hybrid as well as the Accord Hybrid aren't eligible. Unsurprisingly, the sporty Honda Civic Si and the Type R are excluded as well.

Unfortunately, Honda lease prices remain quite expensive, and the brand is including loyalty discounts to make its vehicles look cheaper than they are. For example, Honda Accord lease pricing includes a $1,250 incentive that not everything will qualify for, giving it a $30 advantage in the monthly payment.

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As CarsDirect’s resident pricing expert, Alex offers must-know analyses 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 by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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