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From humble beginnings in a Japanese garage in the 1940s, Honda has come a long way. The company has firmly committed to a line of strong, sleek and safe vehicles associated with the Honda name. Whether it's the Honda Civic that's caught your eye or the CR-V SUV that has you longing, it's understandable considering Honda's standard of excellence.
Vehicles start from a cool $39,500 if you want to zip around in a Honda ZR-V or rise as high as $73,800 if you want the highly acclaimed Civic Type R Sports car. Read on to figure out how to turn your Honda dreams into a reality.
There are a range of finance options to choose from in order to fund your Honda dreams. Some of the options include:
As the prices range from $39,500 to $73,800 throughout the Honda range, the loan you take out in order to purchase a Honda will also vary. It's important to keep in mind the loan terms you've applied for and the interest rate, as this will impact how much interest you owe over time.
It's also ideal to consider the costs of running a vehicle, which include the cost of fuel, insurance and registration. Another cost to consider is the fees that are associated with your loan. This includes monthly fees, transaction fees and late repayment fees.
Making a decision on what finance option to go with can be tough. Some of the features to look out for include:
Should I get a new or a used Honda?
Ultimately, that is up to you. There are benefits to buying used and buying new. If you buy used, it's cheaper and you can get a history of the car. If you buy new, you're the only person to have owned that car.
What loan provider should I go with?
Again, this is up to you. Make sure to compare your car loan options using the features outlined above and also check the eligibility criteria to find the right lender for you.
Can I get a used Honda on a secured car loan?
Some secured car loans will allow you to get a used car, but this comes with car age restrictions. For example, with some providers, you are able to get a vehicle that is up to two years old whereas others have a higher car age limit of five years. It varies from lender to lender.
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