Last Updated: 04/18/2025
Honda Financial Services Auto Loan
Unaffiliated
in Auto Loans from Honda Financial Services
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -74
Strongly not recommended34 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
N/A
APR (Fixed APR)
Starting at 1.9%(Verified 06/21/2024)
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Credit Score Range
650 - 850
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Loan Term (Months)
Up to 72
Number of Reviews
Honda Financial Services Auto Loan Review
Honda Financial Services Auto Loan is offered by Honda Financial Services, a financial services company founded in 1980 and based in Torrance, CA. Honda financial are available in 50 states and Washington, DC.
Honda financial FAQ
What APR does Honda financial offer on its car loans?
Honda financial offers a fixed apr car loan product that ranges from 1.9% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with Honda financial?
Honda financial has car loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.
Does Honda financial charge an origination fee?
Yes, Honda financial may charge a loan origination fee .
Does Honda financial charge a late fee?
Yes, Honda financial charges borrowers with a late payment penatly fee
Does Honda financial charge prepayment fees?
Yes, Honda financial does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my Honda financial loan?
Yes, you can. However, Honda financial charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.
What do you need to qualify for Honda Financial Services Auto Loan?
Applicants with a credit score of at least 650 and up to 850 may be eligible for Honda Financial Services Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Honda Financial Services Auto Loan does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via Honda financial?
Honda financial will typically fund the car loan within 7 business days of approval.Does Honda Financial Services perform a hard credit pull?
Yes, Honda financial performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is Honda Financial Services a legit company?
Honda Financial Services was founded in 1980, it is a well-established company that has been in business for 46 years. Honda Financial Services Auto Loan is strongly not recommended by SuperMoney community users.
Honda Financial Services Auto Loan Disclosure: "Not all buyers may qualify. Higher rates apply for buyers with lower credit ratings."
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Honda financial
Message from our editor
What we love about Honda Financial Services
Honda Financial Services offers very reasonable rates if you want to lease a Honda or borrow money to purchase one. You can work with the company to get financing for new or certified pre-owned vehicles. There are also deals available that can help you save money, such as discounts for college graduates, military members, and people who recently finished a lease of another Honda.
What could Honda Financial Services do better?
The most obvious drawback of Honda Financial Services is that you can only use it to purchase or lease a Honda. If you want to get a different kind of car, you’ll need to use a different financing company. Honda Financial Services is also somewhat inflexible in its lease agreements. You can only choose plans that include 12,000 or 15,000 miles annually. If you go over those limits, you have to pay based on the overage.
If you want to purchase a used car with Honda Financial Services, you’ll need to buy one that is certified pre-owned. That means paying a premium compared to non-certified used cars.
The pre-approval process can also drop your credit score by a few points.
Honda Financial Services‘s backstory
Honda is a Japanese conglomerate that started making motorcycles in 1955 and cars in 1963. Today, Honda is one of the largest automakers in the world. It opened Honda Financial Services in 1980 to help more customers purchase its vehicles.
The Verdict
Honda Financial offers easy online pre-approvals and the ability to view dealer inventory online, so it’s a great choice for people who know that they want a Honda. If you’re shopping around and aren’t certain that you want a Honda, getting pre-approved can hurt your credit, so you should probably consider other lenders so you don’t have to worry about your credit and have the flexibility to choose a different automaker.