Honda 99 Financing (2024)

FAQs

Is it hard to get approved for Honda financing? ›

Is it hard to finance with Honda? No, it's not hard to finance your new or used vehicle with Honda. However, borrowers with high credit scores may qualify for lower interest rates through Honda finance.

Superprime: 781 to 850. Prime: 661 to 780. Non-prime: 601 to 660.

Paying off your Honda loan early can help you save money on interest, improve your credit score, and reduce financial stress. By making extra payments, refinancing your loan, or using Honda finance tools, you can pay off your loan faster and achieve financial freedom.

Best Honda Financing Deals:

2024 Honda Ridgeline: 1.9% financing. 2024 Honda Accord: 2.9% financing. 2025 Honda CR‑V: 2.9% financing. 2024 Honda Passport: 2.9% financing.

A credit score is a way for lenders to know if you are reliable enough to repay your loan. Credit scores range from 300 to 850. If you are at the high end of this range (781 or above), you are considered a good candidate for a loan.

Most used auto loans go to borrowers with minimum credit scores of at least 675. For new auto loans, most borrowers have scores of around 730. The minimum credit score needed for a new car may be around 600, but those with excellent credit often get lower rates and lower monthly payments.

Re: Honda Credit Tiers

I know 720+ is usually their top rate, and 680-719 is typically their 2nd tier, not sure below that. I know they typically add 1% for the next tier down, then 2% per tier below.

Doesn't hurt your credit score. When you go through the pre-qualification process, a lender will only perform a "soft pull" of your credit score. This, in turn, will not hurt your credit score.

3.9% APR for 24-48 months, 4.9% for 49-60 months, or 5.9% for 61-72 months. For well-qualified buyers. Example: 10% down payment. 48 months financing at $22.53/month per $1,000 financed.

All retail loans are open and you may pay out the finance contract at any time without prepayment penalties.

What happens if you finance a car and pay it off early? ›

Repaying a loan early usually means you won't pay any more interest, but there could be an early prepayment fee.

As American Honda Motor Company Inc.'s dedicated financial lender, Honda Financial Services (HFS) and Acura Financial Services (AFS), both DBAs of AHFC, help satisfy the financing needs of Honda and Acura automobile consumers.

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.

2024 Honda Passport EX-L Price: $41,900 Starting MSRP* 2024 Honda Passport TrailSport Price: $44,500 Starting MSRP* 2024 Honda Passport Black Edition Price: $47,970 Starting MSRP*

2024 Honda CR-V Lease Deals & Incentives

The average lease payment for the Honda CR-V is $358/mo with $2,000 due at signing for a 36-month term with 12,000 annual mileage limit. Average monthly lease payments for the same deal but with 24-month or 48-month term lengths are $432/mo and $411/mo respectively.

Doesn't hurt your credit score. When you go through the pre-qualification process, a lender will only perform a "soft pull" of your credit score. This, in turn, will not hurt your credit score.

3.9% APR for 24-48 months, 4.9% for 49-60 months, or 5.9% for 61-72 months. For well-qualified buyers. Example: 10% down payment. 48 months financing at $22.53/month per $1,000 financed.

Americans are having a harder time getting approved for auto loans, as banks worry over the risk of defaults at a time when high interest rates and elevated car prices are squeezing budgets. With borrowers struggling to make their monthly car payments, banks are responding by tightening credit standards.

Can I get an auto loan with an 648 credit score? The short answer is yes, but you're likely to get a significantly higher-than-average interest rate. To put it into perspective, as of November 2022, the typical borrower with prime credit (720 or higher FICO score) got an APR of 5.34% on a 60-month new auto loan.