Honda Financial Services offers a variety of financial products and services for the purchase and financing of Honda vehicles. Located in Torrance, California, Honda Financial Services offers a variety of financing options to suit the needs of customers. Their dealership network spans the United States and provides customers with easy access to the products and services they need to meet their financial needs.
With an average rating of 1.0 stars on BBB, Honda Financial Services has an average reputation in the car financing industry. However, the number of reviews regarding the company’s financial branch is relatively small, and many consumers have not posted reviews about their experiences with the company. In addition, according to the latest J.D. Power 2021 U.S. Consumer Financing Satisfaction StudySM, Honda Financial Services is ranked third in the United States, behind Ford Credit and Capital One Auto Finance.
Honda Financial Services is available through participating Honda dealerships and offers competitive APRs. It is also possible to pre-qualify for a lease or loan before heading to the dealership, which can help you find special offers and make the best decision for your finances. All you need to do to get pre-approved is to input certain details, including your Social Security number, checking and savings account numbers, and employment details. You will also need to specify which Honda model you would like to buy and how much you can afford to pay.
The repossession law varies from state to state, ranging from three to five months from the time you stopped making payments. The terms of each Honda Financial Services contract will include information on when repossession is allowed. However, in most cases, repossession occurs within a month or less after a borrower is in default. If you have not made payments or have not paid late fees for more than 30 days, you have already entered default.
Honda Financial Services offers a range of financing options, including a zero-down purchase plan in 10 states. While you will still have to put your name on the title, you will only need to put a small down payment. If you qualify, the Leadership purchase plan allows you to buy a vehicle for a predetermined amount of time.
Honda Financial Services offers 0% financing for new vehicles, with terms ranging from 24 to 72 months. To be eligible for 0% financing, you must have a credit score of 610 or higher. The company offers low APRs on both new and certified preowned Hondas. In addition to low APRs, Honda Financial Services also offers various vehicle protection products, such as vehicle service contracts and maintenance programs. In addition, the company accepts credit cards and payments online.
Although the rates of Honda Financial Services car loans vary, they are usually consistent nationwide. However, the interest rate can differ slightly depending on your credit history. You can also choose to refinance your existing loan with a different lender.
