Middletown Honda has Great Cars and Great Financing!
If you’re looking to purchase a new vehicle, look to Middletown Honda for friendly and hassle-free auto financing! Most people can’t pay for a car out of pocket, so they finance instead. While the thought of setting up a finance plan for a car can be intimidating, as long as you understand the financing process and what is best for your situation, working out a good loan can make you feel confident in your decision to purchase a vehicle. Even if you have worries about credit, our team can handle almost any situation and get you on the road to building a better credit score.
At Middletown Honda, We Think Understanding Financing is Important
There are a lot of questions that crop up when planning to finance a car: Should I take a shorter loan, or a longer one? Should I take the low interest rate or the factory rebate? What about a zero-money down financing option? While it’s true that the answer to these kinds of questions all depends on your situation, there are a few important points to bear in mind when making your decision.
If you’re looking to reduce your monthly payments, one way is to increase your initial down payment, to say $5,000 on a $20,000 vehicle. Sure, a 0% APR loan is very appealing, but it should be known that monthly payments are generally higher.
Another typical rule of finance is that if you want to lower the interest rate on your loan, expect a short loan period and high payments—and conversely, to lower your monthly payments, expect a longer loan period and higher interest rates. If you’re someone who can typically only make lower payments, the longer, higher interest rate loan is your best bet. Interest rates can depend on your location, too; a friend with a similar credit history as yours may end up getting a different rate on the same car as you simply because he’s in a different region.
Finance a Great New Honda Vehicle From Middletown Honda
Our finance team can help answer any questions you have about financing your Honda, and can help you crunch the numbers and figure out the best loan for you. We have a wide selection of excellent new Honda models to choose from, including the 2012 Accord Sedan and Coupe, the 2012 Civic Coupe and Hybrid, and the 2012 Fit. If you would like to set up an appointment to view or test-drive a new vehicle, please contact our friendly and knowledgeable sales team. Stop in and let us help you learn more about the great fleet of vehicles that Honda has to offer!