Five Questions to Ask Our Honda Financial Services Experts

Buying or leasing a new vehicle is a major financial decision that you shouldn’t take lightly. Thankfully, at our dealership, we have a team of Honda financial services experts that is standing by to answer whatever questions you may have about the financing process and how it works. Read on to learn more about Honda financing, and visit us at Serra Honda of Champaign to have all of your questions answered. 


What Is the True Final Price of My Vehicle?  

When you visit our dealership, each car has a suggested MSRP that’s referred to as the “sticker price.” However, you should note that you’ll have to pay other fees like processing charges and foreclosure once you complete the deal.  


What Will the Interest Rate Be?  

When you finance a vehicle, you’ll have monthly payments that have some sort of interest on them since you’re borrowing the money to purchase the vehicle. The interest rate depends on a few factors, like how good your credit is and the length of the loan. 


Do I Need to Make a Down Payment?  

A down payment isn’t always required for financing, but you’ll want to do so anywaym, since it’ll save you money in the long run. The more money you put down in the beginning, the lower the interest rates will be. 


Does the Lease Have a Mileage Limit?  

Most Honda leases will come with some sort of yearly mileage limit. However, you may be able to work with our financial experts to increase this limit depending on your preference. If you’re able to, choosing a low-mileage lease can save you money. 


What Do I Do When My Lease Ends?  

You’ll have a few different options at the end of your lease. If you love the Honda model that you originally chose, you can keep it for a reduced cost. You can also bring it right back to us and swap it out for a different vehicle and sign another lease. 

Visit Our Honda Financial Service Department to Learn More 

If you have any other questions regarding financing or leasing a vehicle, stop by our Savoy, IL, Honda dealership today. After you’ve decided on the model that best suits your needs, our team will happily help you close out the deal. Come see us to learn more!