Honda Financial Services Frequently Asked Questions (FAQ)
While you may know your favorite Honda vehicle down to the perfect seat color, the financing process isn’t always so simple. We are addressing our Honda financial services FAQ at Lester Glenn Honda to help.
How Do I Apply for Financing?
You can apply for financing when you come in to shop or you can apply online anytime. We collect your basic buying criteria and then present them to the lenders we work with to help secure an offer for you.
This includes:
- Your contact info
- Your residential info (including time at residence and monthly mortgage/rent)
- Your employment info (including time at your current job and income)
- Any co-applicant info
Should I Lease Instead?
Feeling swayed by the price of a new lease? The cost savings is just one of the benefits of leasing. Leasing is also a better option for drivers that like to always have the latest and greatest features and don’t want to deal with the hassle of consistently selling their car to upgrade.
How Much Should I Spend on a New Car?
To start, you want to ensure that you’ll be approved for the total cost of the vehicle. Then, you need to look at its estimated monthly payments — experts suggest that you keep your auto expenses under 20 percent of your monthly take-home pay. Of course, it’s important to factor in your existing expenses and debt too.
What if I Have Bad Credit?
While bad credit does have some challenges, it isn’t a deal-breaker. It’s important to remember that not all lenders are willing to extend a loan to a risky candidate, but we can help you find a match. Keep in mind, if you’re approved, you could have a high interest rate.
Visit Lester Glenn Honda for More Information
Are you ready to finance or lease a new Honda car or SUV? Contact Lester Glenn Honda to get started today!
