Honda Finance 101: Frequently Asked Questions
Once you’ve chosen a vehicle at our dealership, the next step is visiting our Honda finance center. Our expert team of trained professionals can discuss the nuances of leases and loans, depending on your needs. To better prepare yourself, here’s a list of our finance center's most frequently asked questions. Visit us at Lester Glenn Honda to learn more today.
Should I Lease or Purchase?
There are benefits to both leasing a vehicle and purchasing one outright. If you can afford a sizeable down payment and are willing to make bigger monthly payments, an outright purchase gives you total vehicle ownership at the end of the deal. Leasing is generally less expensive, but you must return the car to us when the lease is over.
Can I Finance with Bad Credit?
If you want to finance a new Honda vehicle but have a poor credit score, lenders may be less willing to give you favorable interest rates. However, it’s still possible to finance a car as long as you make a large down payment or get a friend or family member to co-sign.
How Do I Get Pre-Approved?
Our website has a convenient portal where you can fill out a finance application and get pre-approved instantly. This will give you a better idea of what you can realistically afford before visiting our showroom.
What’s the Ideal Loan Length?
While there’s no set rule for how long a car loan should be, most experts recommend between two and four years. This gives you enough time to pay off your vehicle while making realistic monthly payments.
Do You Offer Any Specials?
We offer a wide range of Honda finance specials and incentives depending on the model you’re considering. For additional details, be sure to ask our financial team or check the appropriate section of our website.
How Does the Lease-End Process Work?
You’ll receive notifications from Honda Financial Services and your dealer, but it helps to start thinking about the next steps when you have about nine months left on your lease. This gives you plenty of time to plan without feeling stressed or overwhelmed. Remember, we’re always a click or call away if you have questions.
Visit Us in Sea Girt, NJ, To Learn More About Honda Financing
If you have more questions regarding the auto loan process, contact our Sea Girt, NJ, Honda dealership today. Once you’re ready to finance or lease a new vehicle, we can help you through every step of the process. Give us a call or schedule an appointment for more info!
