Honda Finance 101: Frequently Asked Questions

After you’ve picked out the vehicle that best suits your lifestyle, the next step is visiting our Honda finance center to close out the deal. Our financial experts will walk you through every step of the process, but it's still important to familiarize yourself with vehicle financing before stopping into our dealership. To learn more, visit us at Interstate Honda today.

Do I Need a Down Payment to Finance a Car?

While getting a loan without a down payment is technically possible, this has some drawbacks. Lenders may wonder about your financial solvency, and you’re financing a higher amount, so you pay more over the loan duration. Don’t forget that trading in can help pad your down payment and that our Honda dealership offers fair values for vehicles in good condition.

Does My Credit Score Matter for Financing?

Good credit can completely change the type of Honda vehicle you can afford. The better your credit, the more likely a bank will loan you more money for less interest. If you have poor credit, we recommend improving it by paying down balances, reducing credit use, and not opening new lines of credit before applying.

How Long Should a Car Loan Be?

We offer loans that start at as little as 24 months and as long as 84 months. More extended loan periods result in lower monthly payments with a higher overall cost. Choosing a shorter loan period results in higher monthly payments but saves money longer-term.

Why Should I Finance Instead of Lease?

Leases place limits on mileage and wear. When you finance a car, you can drive as you like and as far as you’d like without worrying about those penalties. You’re also building equity in your vehicle, allowing you to sell or trade when you choose.

Can I Get Pre-Approved for a Loan?

You can, and we encourage you to do so. This way, you’ll have a much better idea of what kind of budget you’re working with and it will make your time at our dealership painless.

What if I Have Other Honda Financing Questions?

If you have any other questions concerning financing for Honda vehicles, stop by our Chehalis, WA, Honda dealership today. We also offer several Honda specials that allow you to save money when financing select models. Call, click, or visit today to learn more!