Re-Power with a Honda 225 For only 4.99% APR!*!*!*

*Honda Marine announced last week
that it is offering a special incentive to boaters to re-power this fall – a financing
rate “as low as 4.99% APR” if bought throughout the fall and winter boat show seasons.”
Hey that could be a great deal! The Honda 225-hp engines have a MSRP
of about $18k so what does that work out to be for a monthly payment? The Honda outboards now have a 5-year
factory-backed non-prorated warranty program and the company says it will finance
up to 10 years – twice as long as its warranty. Okay, so what does
the * mean?


Honda Marine

If your old boat is ready for re-power, Honda wants your business and will finance
at a good rate, depending on your credit score, that is.

The * means according the Honda Marine press release:

 

“APR financing available on all new Honda engines through American Honda Finance
Corporation upon approved credit. 4.99% APR financing for 12 to 120 months (term
and rate based on amount financed) available to customers who qualify for the AHFC
Preferred or Standard credit tier. Example for new Honda Marine engines: 4.99% APR
for 84 months financing at $14.13 a month for every $1,000 financed. 4.99% APR for
120 months financing at $11.35 a month for every $1,000 financed. Offer good on
any new and unregistered Honda Marine engine. Check with participating dealers for
complete details. Dealers set actual sales prices. For well-qualified buyers. Not
all buyers may qualify. Higher rates apply for different terms and/or buyers with
lower credit rating. Lower rates may also be available. Offer valid through 12/31/08,
on new and unregistered Honda Marine engines (2hp to 225hp) and only on approved
credit by Honda Financial Services through participating dealers. Honda Financial
Services' standard credit criteria apply."