Honda Financing

If you got your eyes set on a Honda, it's ideal that you check out what Honda Financial Services (HFS) offers. Honda provides finance for new, used, and certified pre-owned (CPO) Honda vehicles. But Honda's finance rates depend on your location and credit score. Although, you can apply online to confirm approval before you get to the dealership.

Honda financing options

Buying a Honda

The financing offers provided by Honda financial services are offered for new, used, and certified pre-owned vehicles. Honda Financial Services offers APRs starting at 0.90%. However, if you have a good credit score, you can expect APRs of around 3.90% for terms ranging from 24 to 72 days.

Even though they do not mention the minimum credit score requirement, there is an option to apply for pre-approval. So, you can check if you are approved and then the rates you are qualified for.

Leasing a Honda

With low monthly payments, leasing is an easier option. The leasing periods range from 24 to 60 months and will have mileage options of 10,000, 12,000, and 15,000 yearly. In addition, they provide GAP insurance, and there are some leasing deals offered by Honda Financial Services.

One Pay Lease

Honda's One-Pay Lease is the provision to pay off the lease amount in one transaction. It provides some savings, tax benefits, and a $500 waiver for wear and tear.

Leadership purchase plan

If you sign up for this, you will be able to finance the vehicle you've leased. In other words, once your contract ends, you can either trade in return or purchase the Honda vehicle you had leased.

Honda financing offers and rebates

Most automakers, including Honda, use low financing rates and rebates to assist in selling vehicles. Deals are rotated to various models based on supply and demand. Advertised offers are usually valid for 30 days after they are announced, after which they may change.

• Low-APR financing: With a high credit score, you are eligible for low-interest financing from Honda with APRs as low as 0.90%.
• Military Appreciation Program: Honda gives a $500 military appreciation rebate to members of the United States armed forces who are active, honorably discharged, retired, or on disability, as well as their spouses.
• College Graduate Program: If you graduated within the last two years or graduated within the next six months, you may be eligible for this $500 rebate.
• Honda Service Pass and New Honda Warranties: The new vehicle's limited warranty will cover your car for 3 years or 36,000 miles. It also covers the power train for 5 years or 60,000 miles. Similarly, the service pass will cover scheduled maintenance and oil changes for the first 2 years or 24,000 miles.
• Certified Pre-owned Hondas: Each level of certification in a pre-owned car has extended warranties and roadside assistance during the warranty.

Pros and cons of Honda financing

Best Honda financing deals

The financing deals for Honda models range from 0.90% to 4.90% for periods running from 24 to 60 months. The longer the term, the higher will be the APR.