It ranked behind Ford Credit and Capital One Auto Finance. Consumer Financing Satisfaction Study SM, Honda Financial Services came in third place for overall customer satisfaction with 860 points out of a possible 1,000. While this may seem like a low number, fewer than 100 people have reviewed Honda’s financial branch, which is a very small fraction of its customer base. Here, the company holds accreditation with the organization and is not rated.Ĭustomers give AHFC an average rating of 1.0 out of 5.0 stars on the BBB. The financing department’s BBB score and customer reviews are posted on the profile for its parent, the American Honda Finance Corp. Honda Financial Services has an average reputation within the industry. You’ll also need your co-applicant’s information if you choose to include them in the financing process. Social Security number for each applicant.While Honda doesn’t list credit requirements, there’s certain information you’ll need to have handy to apply for car financing. This is because those under 18 are considered minors, which means they’re not allowed to enter into contractual agreements with lenders. However, borrowers must be at least 18 years old to sign a loan agreement. Honda doesn’t list eligibility requirements for its auto loan or leases. They’ll help set you up with the Honda car you want. Accept or decline the offer: If you’re happy with the terms Honda Financial Services offers, you can take your preapproval email and head to the nearest dealership to speak with the finance team.You can also check your application status online by clicking on “Apply for Pre-Approval” under the “Finance Tools” menu. Receive a decision: You’ll receive an email from Honda Financial Services when your application status is ready.Provide your information: Fill out the preapproval application online, or print it out and take it to your nearest Honda finance center and dealership.When applying for preapproval, you’ll need to follow these steps: You can determine how much financing you may qualify for by submitting a car loan preapproval application. To get approved for a Honda loan or lease, you’ll need to prove you have sufficient funds to meet payment obligations. The Leadership Purchase Plan is only available in certain states, including:

The program allows you to trade your vehicle in, return it, or purchase it at a guaranteed price once your contract ends. Honda’s Leadership Purchase Plan is a service contract that lets you easily finance a Honda vehicle. Some highlights of the program are a $500 waiver for excessive wear and use or damage, as well as potential savings and income tax benefits. Honda offers a one-pay leasing program that allows you to pay for your lease in a single financial transaction. Each lease comes with guaranteed asset protection (GAP) insurance, which covers the difference between the remaining amount on your lease and the amount your vehicle’s insurance takes care of in the event your vehicle is damaged or stolen. Honda offers lease contracts ranging from 24 to 60 months with mileage options of 10,000, 12,000 or 15,000 miles per year. *Rate range as of 9/25/23 Leasing a HondaĪ big draw of a Honda lease is having lower monthly payments.

Honda leased cars