Have you decided that 2025 is the year to upgrade to a new vehicle? First of all, congrats! Our Honda financing experts at Heritage Honda Westminster are sharing a few tips to help set you up for success.
Get Pre-Approved
A pre-approval can be a huge asset when shopping for a new vehicle. For starters, you can shop with the peace of mind of knowing that you will be approved for financing and how much you can afford. Plus, you can get an estimate of your auto payment amount and rates — you can easily get pre-approved on our site in a matter of minutes.
Plan for a Down Payment
A down payment isn’t a requirement for all buyers, but it can certainly be beneficial. A sizeable down payment (or a price reduction via a trade-in vehicle) will limit how much you have to finance, which reduces the overall interest that you’ll owe. As a general rule of thumb, you should aim for a down payment of at least 20 percent for a new vehicle and at least 10 percent for a pre-owned one.
Do Your Research
Buyer’s remorse is never a good thing, but certainly with a vehicle. The best way to avoid it is to do your research. Carefully review your options and look for a vehicle that best aligns with your vehicle needs, not just your wants. You also want to make sure to test drive the vehicle at our dealership to ensure it’s your perfect fit.
Apply for Honda Financing in Westminster, MD
When you’re ready to get into that new vehicle, we’re ready to help. We have a convenient application process and will be with you every step of the way. Visit Heritage Honda Westminster to get started today!
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