Obtaining financing for a new Honda can be a tedious process, especially if you choose to work with banks and credit unions. The good news is that getting car financing through your local Honda dealer makes the entire process much easier. Here are the benefits of financing your Honda through your local dealership.
5 Benefits of Getting Car Financing at Your Honda Dealer
1. Fast and Convenient Application Processing
When it comes to vehicle financing, dealerships do the heavy lifting for you. The dealer handles all the paperwork, and approval usually only takes between a few hours and a few days. This is much faster than going through a bank or credit union, where it can take weeks to get approved and finalize financing.
2. Financing Accessible With Bad Credit
With bank financing, you need a good credit score to access a car loan. Dealers, on the other hand, have more relaxed qualification criteria. You don’t need perfect credit to get financing for your new Honda. Your dealer’s finance team will look at factors beyond your credit score and work to get you the best financing terms possible.
This option allows you to not only purchase your desired car but also build up your credit. Making your monthly car payments on time will boost your credit score, allowing you to access even better loan terms on your next car purchase.
3. Flexible Financing Options
Dealership financing is quite flexible and friendly. Dealers offer various financing options to suit your specific budget needs. Interest rates, down payments, and loan terms are negotiable and can be tailored to your preferences. For example, you can opt for a shorter loan term of 12 months if you want to pay off the loan faster.
If you are strapped for cash or want to purchase an expensive luxury car, you can get a longer loan term of over 72 months. A longer repayment term will reduce your monthly payments and leave you with more money for your needs and wants.
4. Trade-In Assistance
Your local dealership offers attractive incentives on vehicle financing to make car ownership more affordable. If you have a trade-in car, your dealer will facilitate the trade-in to reduce the amount you need to finance your new Honda. Dealers handle valuing your trade-in and the paperwork needed, making the overall purchase simpler and faster.
5. Convenient Service Scheduling
Getting vehicle financing at your dealer allows you to conveniently schedule your Honda’s service. You don’t have to worry about forgetting to schedule your oil changes, tire alignment, brake service, and other crucial checks. What’s more, when you buy and finance your Honda at the dealership, you may get service discounts to further sweeten the deal.
Getting financing at our local dealership can make the process easier and more affordable. We offer various financing options to suit your budget, needs, and credit. Visit us at Honda of New Rochelle and our finance team will take care of all your financing needs.
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