Are you considering buying a new Honda car or one of the pre-owned models at our Honda dealership? If so, you may want to apply for an auto loan and ask some questions about Honda finance when you visit our convenient location. Before you sign your name on the dotted line, it's critical that you get answers to all the questions you have about your loan.
Will my credit score impact my car loan?
Yes, your credit score will influence the terms of your loan agreement. As a general rule, the higher your score is, the more favorable your loan terms will be. To get the best terms currently available, borrowers typically have a credit score of 750 or better.
How long will my loan last?
Drivers who contact our Van Nuys, CA, Honda dealership to inquire about Honda finance often ask how long a loan will last. Auto loans typically range from 36 months up to 84 months.
Does the length of a loan influence my payments and the amount I'll pay overall?
Unless you secure a loan with a zero percent interest rate, the length or term of your loan will impact your payments and the total amount you'll pay for your vehicle. While extending a loan can lower your monthly payments, it may result in you paying more for an automobile than you would have had the loan term been shorter. To see how different terms will influence your payments, use our car payment calculator.
Do I have to provide a down payment?
Although some drivers aren't required to provide a down payment, many pundits advise motorists to pay at least 20 percent of a car's purchase price when they sign an auto loan.
Can I sell my current car and apply the proceeds to my upcoming purchase?
Many motorists sell their existing automobiles and use the proceeds to cover at least part of their down payment. You can use our Value My Trade tool to estimate your vehicle's worth.
I have another question!
That's what we're here for! If you don't see your inquiry on our list, give us a call or visit Honda Van Nuys so we can answer it for you.
Learn More at Honda Van Nuys
Whether you want to purchase a newfound Honda vehicle or a pre-owned car, we'll happily answer all your questions about Honda finance. Contact or visit our Honda dealership today.
