Homecomplaint › Ron - n/a - Honda - Recent Graduate Credit Incentive Deception

Consumer Complaint

Ron - n/a - Honda - Recent Graduate Credit Incentive Deception

Companies Involved: 
Honda

Honda is promoting a $500 credit to new car buyers who are recent college graduates. What they do not tell you is that in order to qualify, the recent graduate will have to put down 5% of the loan amount. This 5% down requirement is not located anywhere in Honda publications or on the contract. Therefore, a usually poor recent graduate will have to come up with a hefty down payment in order to get this incentive. Individuals within the dealership itself admitted that this was deceptive.