Honda Financial Services Auto Loan Review

Honda Financial Services Auto Loan is an auto purchase finance offering by Honda Financial Services, based in Torrance, CA. Founded in 1980, Honda Financial Services offers auto loans in 50 states (and Washington, DC).

What APR does Honda Financial Services Auto Loan offer on its auto loans?

Honda Financial Services Auto Loan offers a fixed APR auto 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 loan term you can get with Honda Financial Services Auto Loan?

Honda Financial Services Auto Loan has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Honda Financial Services Auto Loan charge an origination fee?

Yes, Honda Financial Services Auto Loan may charge a loan origination fee.

Does Honda Financial Services Auto Loan charge a late fee?

Yes, Honda Financial Services Auto Loan charges borrowers with a late payment penatly fee

Does Honda Financial Services Auto Loan charge prepayment fees?

Yes, Honda Financial Services Auto Loan 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 Services Auto Loan loan?

Yes, you can. However, Honda Financial Services charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What are the Honda Financial Services Auto Loan auto loan requirements?

Applicants with a credit score of at least 650 can apply for a loan via Honda Financial Services Auto Loan. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of citizenship or residence permit
• Recent pay stubs

What is the estimated funding time for an auto loan via Honda Financial Services Auto Loan? Honda Financial Services Auto Loan will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.