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Understanding qualifying message

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Anonymous
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Understanding qualifying message

I am interested in the Honda Graduate Program and on their site they make the following statement.

"5.99% APR Graduate Finance Special available on all new Honda models. 5.99% APR financing for 24–60 months is available to customers who qualify for the Honda Graduate Program. Example: 5.99% APR for 60 months’ financing at $19.33 a month for every $1,000 financed. Dealers set actual vehicle sales prices. Minimum credit-tiering criteria do NOT apply to the Honda Graduate Program**. Offer valid 5/01/09 through 10/31/09 on approved credit through Honda Financial Services. See participating Honda dealers. Not all buyers may qualify. 


** The following only applies to the Honda Graduate Program. Customer qualifies for the tier based on their FICO score regardless of length of time on bureau and the number of tradelines. Unscored customers will receive the standard rate. "

 

Can anyone tell me what this says? 

Message 1 of 2
1 REPLY 1
Anonymous
Not applicable

Re: Understanding qualifying message


@Anonymous wrote:

I am interested in the Honda Graduate Program and on their site they make the following statement.

"5.99% APR Graduate Finance Special available on all new Honda models. 5.99% APR financing for 24–60 months is available to customers who qualify for the Honda Graduate Program. Example: 5.99% APR for 60 months’ financing at $19.33 a month for every $1,000 financed. Dealers set actual vehicle sales prices. Minimum credit-tiering criteria do NOT apply to the Honda Graduate Program**. Offer valid 5/01/09 through 10/31/09 on approved credit through Honda Financial Services. See participating Honda dealers. Not all buyers may qualify. 


** The following only applies to the Honda Graduate Program. Customer qualifies for the tier based on their FICO score regardless of length of time on bureau and the number of tradelines. Unscored customers will receive the standard rate. "

 

Can anyone tell me what this says? 


If you're interested, I would call your local Honda Dealer, speak with the finance manager, and gets their input.  My guess is no negatives, no problems.

Message 2 of 2
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