![]() You may find loyalty rewards if you want to buy or lease another Honda. At the end of the lease, you could turn in your Honda, trade it in or buy it. Excess mileage on vehicles with an original MSRP of $30,000 or less can be charged up to $0.15 per mile over $30,000, $0.20 per mile. Honda offers a range of leasing terms from 24 to 60 months and 12,000 or 15,000 annual miles. Here’s some information if you’re undecided on leasing versus buying. Leasing a HondaĪ big draw of new car leasing is that it typically provides a low payment on a new vehicle.īut there are some cons: In a 36-month (three-year) lease, you pay for about half the vehicle’s value even though you use less than half the vehicle’s life span. We recommend that you get at least one other preapproval from another lender so you have a baseline to compare. Honda even allows customers to get preapproved online. Low APRs aren’t just for new vehicles though - certified preowned (CPO) Hondas may qualify, too. ![]() ![]() To qualify for Honda financing, you generally need at least a 610 credit score, but the best deals, including 0% financing, are typically reserved for those with excellent credit. Honda Financial Services offers auto loans with 0% APR financing and loan terms that range from 24 to 72 months. You can also sell your vehicle privately or keep driving it for years to come – it’s your decision to make.Honda offers financing on new, used and certified preowned (CPO) Hondas. So what comes next? Negotiating a trade-in with your dealer may be a great way to come up with a down payment for your next Honda. End of Your Finance Contract – What’s Next?Īfter making your payment each month for the duration of the financing contract, the vehicle is all yours. A maintenance schedule is outlined in the owner’s manual. You are responsible for maintaining the automobile. Required coverage typically is detailed in your financing agreement. You are responsible for insurance coverage. Monthly finance payments are typically higher than monthly lease payments as you are financing the total cost of your vehicle. Once all the payments have been made, you own the automobile.Simple interest method to calculate interest charges.All retail loans are open and you may pay out the finance contract at any time without prepayment penalties.The benefits of financing your vehicle with Honda Financial Services are: Each payment you make increases the amount of equity you’ve built up in your vehicle. If you like the idea of having ownership of your car, prefer paying off your loan, and don’t like the risk of possible lease-end charges, then you should consider finance as an option.Īs a finance customer, throughout the term of your finance contract, your payments will consist of part principal and part finance charges. We offer competitive rates and flexible terms and we are your preferred financing and leasing partner available at all Honda dealerships. If you should ever have any questions or concerns regarding your account or vehicle financial options, please feel free to contact us. We offer financing and leasing options for Honda and Acura automobiles, motorcycles, ATV and power equipment through Honda dealers across Canada.Īt Honda Financial Services, our goal is to always ensure your complete satisfaction. (HCFI), o/a Honda Financial Services, was established in 1987 to provide financing and leasing options for Canadian consumers. You’re just a step away from approved car financing! We can help you refinance your car loan or adjust the term of the contract. Low interest car loans are available for customers with existing loans. HAMBURG HONDA has strong relationships and is committed to finding you the perfect car loan company to suit your car finance needs. No credit, no problem! We will work with you to secure a no credit car loan if your situation demands it. Then, proceed to our online finance application.Īll types of credit, from good to bad, can qualify for an auto loan. We’re eager to provide financing for your new car, or we can assist in used car financing for several different makes including: Honda, Acura, Nissan, Infiniti, Lexus, Toyota, Mazda, & More! Check out our online car loan calculator for an instant car loan rate. Welcome to HAMBURG HONDA’S Finance Department, your auto loan and car lease resource.
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