All about: Honda finance

Honda finance is the auto financing division of Honda in America. In operation since 1980. Honda finance enables many motorists who are interested in purchasing a Honda to do so, in a quick and easy manner. To learn more about Honda finance and its offerings, read this article.

An introduction of Honda finance

Honda Financial Services are the trading division of American Honda Finance Corporation (AHFC). In 1980, AHFC began operations as a wholesale motorcycle financier, By 1985, the service has been rolled out to retail Honda motorbikes, and in 1986, to retail Honda cars. Honda Financial Services endeavour to make the financing of a Honda, an easy and a quick process.

Honda finance offerings

Leasing benefits Leasing provides many benefits, such as flexible payment terms from 12-60 months, multiple mileage options, from 12,000 to 15,000 miles per year and a guaranteed end of lease purchase price for those who may be interested in purchasing the car once that the lease expires. It also comes with an excess wear and use waiver of $500 to $1,500. Finally, all Honda leases come with Guaranteed Asset Protection (GAP), which protects the lease holder, in case that the car has been stolen or written off, the market value might be below the loan value on the car. Lease options: - Pay per month lease Whereby a direct debit takes place once a month and deducts the leasing charge from the customer’s bank account. One Pay lease program allows the user to pay for the lease in a one-off payment, which in turn, provides sales and income tax benefits. - Financing benefits Honda car finance provides low finance rates, a quick and an easy application format. Also, the buyer can take out a Honda care product, which is known as Honda Care Vehicle Service Contracts (VSCs). This unique product provides a wide array of additional services such as roadside assistance, rental car reimbursement, trip interruption benefit and comprehensive component coverage to name but a few. -Innovative plans Both of the two plans below can be acquired either through leasing or regular car financing: - College Grad Plan: It is designed to enable recent college graduates to get on the road with a Honda. Its benefits includes, low interest rates, flexible terms and a 90-day pay deferment program. - Leadership Purchase Plan: This allows the purchaser to buy a car with little or no money down. It is available in some, but not all states, and it comes with flexible payment terms from 24 to 48 months, and it includes a $15, 00 excess wear and user waiver. * Please note that all prices quoted are correct as of 01.07.11