Applying for car financing can seem intimidating, but the Honda finance experts here at Heritage Honda Westminster are ready to answer all your questions. Here are some of the queries we hear frequently, so let's see if we already have an answer for yours!
Can I Finance with Bad or No Credit?
It can be harder to secure financing or good financing terms if you don't have much of a credit history or you have a low credit score. We do work with a wide network of lenders though, so we do our best to help all drivers find the financing that they need.
What is a Co-Signer?
If you can't secure financing on your own, you can get a co-signer. This is someone with good credit who will sign onto your loan with you and would be responsible for your loan if you default.
Can I Finance a Used Vehicle?
Yes, you can finance a used vehicle! If a pre-owned Honda model has caught your eye, feel free to ask about our loan options.
Do Late Payments Affect my Credit?
Yes, making payments late or defaulting on your loan can have adverse effects on your credit rating. This can make it harder to secure loans in the future, so take this financial obligation seriously!
Why Finance at All?
Why should you finance that new Honda car instead of paying for it outright? There are a few benefits to financing. You keep more money in your pocket and you can build up your credit by making on-time payments. A common loan term these days is five years, so that means 60 on-time payments will end up influencing your credit report!
If you want to learn anything else about financing or our Honda vehicle selection, visit our Honda dealership near Owings Mills, MD. Our dealers and financing team are ready to answer all of your questions!
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