Slow auto sales are generating some remarkable deals for those who are looking to buy a car. The Honda Civic, Honda's most popular model, is the latest example.
Autoblog reports, "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." Shoppers looking to lease, instead of buy, are eligible for a deal as well, with dealers offering leases 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."
The Civic, with a strong reliability record and good fuel economy, is one of our highest-rated small cars.
The AP notes that "Honda Motor Co., with its fuel efficient Civic and Accord models, has avoided the deep problems of its money-losing American rivals. But the latest results show that even that Honda appears to be suffering some from a global slowdown sparked by the U.S. financial crisis." The automaker "reported a 41 percent drop in quarterly profit" this morning.