Our Honda financing experts are here to help you get a great vehicle with the lease or loan terms that work for you. Before you select your model and get ready to sign your paperwork, there are a few pitfalls you should avoid. Here are some pro tips from your friends at Clark Knapp Honda.
Ignoring Your Credit Score
The higher your credit score, the more favorable financing terms you’ll get. If your credit rating is lower than you’d like, give it a boost. You can increase your score by paying your bills on time, paying down existing debts, and controlling your credit card use.
Not Getting Pre-Approved
We encourage all our customers to get pre-approved for Honda financing. Applying for credit now helps you understand how much you can afford and gives our finance center a head start on your custom offer.
Misunderstanding Your Lease Versus Loan Options
Buying a vehicle with a loan usually comes with higher upfront and monthly costs than leasing, but you’ll own the car outright once you’ve paid it off. Leasing lets you drive the newest models every few years. Decide which Honda financing method is right for you before you choose the model you want to drive.
Putting Down Too Little Cash
You can lessen your monthly payments with a large down payment. Try to put as much cash down as possible toward your lease or loan, and your monthly expenses will be more manageable.
Budgeting for Only the Vehicle Costs
Vehicle costs include more than what’s outlined in your Honda financing package. As you budget, be sure to account for expenses like fuel, insurance, and routine maintenance. Some drivers also need to pay for parking and local registration.
Get Custom Honda Financing in Pharr, TX
We’re your partners in Honda financing. Our team will help you avoid financing mistakes so you can enjoy your vehicle worry-free. Head over to our Pharr, TX, Honda dealership today!
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