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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)
Disclaimer popup with additional information
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 penalty 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
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.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -74, or 1.5 on a 5-point rating scale.
-74
-1000+100
No one recommends
Everyone recommends
Honda Financial Services Auto Loan Community Reviews
Would you recommend Honda Financial Services Auto Loan to your friends?
VR
Vince R.
May 1, 2023
May or may not recommend
Worst experience EVER, BAR NONE!!! Lost two of my payments, accused me of not paying, reported to credit bureau and effected my credit. Last Thursday they called and found both
Payment IN A PILE UNCASHED, these people are rotten. Don’t finance with them!!!!
Never an apology!!!!!
Akshay J.
Apr 30, 2023
May or may not recommend
Honda has very good cars but honda financing is like a blood sucking leech. Please don't waste your money here. It will a traumatizing experience for you.
Good V.
Oct 26, 2022
May or may not recommend
Horrible company. I talk to two different people one on the 11th and one on the 20th was told to make a payment by 25th and they would put a payment in the back well on the 18th I made the payment and called and was told to call back when payment post which usually takes 3 business days so I call on 25th and then was told they couldn’t ...Show More
TM
Tony M.
Oct 12, 2022
May or may not recommend
I didnt really have any issues though i always had bills paid. easy to use interface that made it easy to pay ahead and pay princiapal
SC
S C.
Oct 8, 2020
May or may not recommend
This company is incredibly difficult to deal with. I made my payments online and was surprised to see a late fee. I tried calling but the person I talked to was unhelpful and clearly not interested in my documentation showing it was in fact paid on time. This happened 2 more times and both times I was met with the same indifference when I called. I refinanced elsewhere as soon ...Show More
SK
Sajid K.
Aug 6, 2019
May or may not recommend
The placed a late collection on my credit for $144 over mileage when we signed into a new lease and this was supposed to be a wash. Terrible customer service and resolve, created major issue at the wrong time and the dealer was on our side trying to resolve, still made it a terrible process to resolve with dealer help.
William R.
Jul 14, 2019
May or may not recommend
They have been good so far for me. Not looking to find things wrong with them. Customer service has been spot on. They answer questions clearly and check back with me on all appointments.
Olivia T.
Apr 9, 2019
May or may not recommend
I've never had bad customer service from Honda Financial Services and left my car payment on auto-pay online. Their dashboard is pretty easy to navigate online.
SM
Soana M.
Mar 26, 2019
May or may not recommend
Full of it not very helpful neither I wouldn’t recommend them period
Frank S.
Nov 7, 2018
May or may not recommend
My first time financing with honda, will NEVER finance again with this company. They have very unprofessional people working for the company worst bank to finance with due to poor customer Services
they don't know what there doing.
KG
Kari G.
Nov 6, 2018
May or may not recommend
I’ve had many Honda’s and always use Honda financial services. This is the worst company I’ve ever dealt with and due to this company providing incorrect information that affects my credit I will never and I mean never use Honda again! I will tell all my family and friends to never use Honda financial services either. What a shame to lose so many customers! I determined to tell everyone how ...Show More
SJ
Soo J.
Oct 10, 2018
May or may not recommend
People must be careful Honda Financial! They made mistake my paperwork from the previous car and they did not care how customer had suffere and credit record got broken down from their mistake. They did mistake processing unfinished payments my previous car on November 2016 and finally closed my payments till September 2017. During finding out their mistake, they sent my information to collection and obvious they messed up my ...Show More
BC
Brian C.
Sep 27, 2018
May or may not recommend
This company is the most selfish and uncaring financial company I have dealt with. They have no problem reporting you to the credit bureau for not paying a bill that was an incorrect bill. Their error yet they still reported me even though I was in contact with them several times in regards to this and could have put my account on hold while it was being fixed but refused ...Show More
Micheal W.
Sep 27, 2018
May or may not recommend
I paid my car off in April 2018. It is September 2018 and they still have not released my title yet. What is worse is trying to contact them. There is no email address so the only option is to call and wait at least 20 minutes on hold to talk with someone who may or may not be able to help you.
U
Anonymous
Sep 19, 2018
May or may not recommend
They will give you the highest interest rate in the world. They will not work with you if you miss one single payment. They will quickly take your car and not try to reinstate the loan. I'm filing chapter 7 for the purpose of fixing my credit after these a-holes destroyed it over one payment. I refuse to give them a cent more of my money at this point. They ...Show More
Antonio K.
Aug 31, 2018
May or may not recommend
What a bunch of unprofessional, unprepared, misinformed, lying, cheating, passive aggressive group of folks I've ever dealt with on a SUPPOSEDLY "Business Level"
I have been financing through HFS for 2 years now and never missed a payment. Just recently I lost my job and fell behind two months on my car payments. I kept in contact with HFS to keep them in the loop with everything that was ...Show More
LB
L B.
Jun 5, 2018
May or may not recommend
The agents at Honda Financial are rude and dismissive. Having been an excellent customer with them over 3 auto leases in the past 10 years (I extended one lease by a full year) I was appalled at how I was treated at the end of my current lease. They refuse to spend any time on the call answering questions yet when you call back and another agent is just ...Show More
Lady S.
May 25, 2018
May or may not recommend
My brother got a car through them we paid a down payment. Then next month we paid them, they said they received it but then returned it same day. The money never left his card. He proceeded to make 2 over the phone payments to try catching up, never pulled now he’s behind and they’re threatening repo.
CM
Colleen M.
May 20, 2018
May or may not recommend
I had a very good experience. I qualified for the 0.9% financing and was able to make my payoff ahead of schedule. I had my title within a week. They never made mistakes with my payments, although I paid on line and found that they didn’t clear my bank for 2-3 days so I always made sure I paid a little early. People seem to think ...Show More
Paula P.
May 15, 2018
May or may not recommend
I purchased a car that was financed through Honda financial services they have the worst customer service ever on hold 20 miniutes at minimum. Obtained a job overseas and expected me to refinance the car because I couldn’t take it there financed through Honda. Not veteran friendly at all so beware and stay away from
This company far away.
Showing 20 of 34 reviews