What is AHFC Super Preferred credit tier?

Question

I am trying to buy a new honda accord and i see that Honda is offering a lowest APR of 1.9% who qualified by AHFC Super Preferred credit tier. I am wondering to know what that is.

Answer 1

It's a deal for buyers with high credit scores. Typically this means above 720 but the minimum is a bit arbitrary. Don't count on that kind of rate with limited history and/or anything below 700.

Keep in mind that you can also get 1.9% APR with a cosigner who has great credit (ideally a parent or spouse). I know a 20 year old college student whose father cosigned and they got 1.9% APR.