Honda Finance Comparison Online
Cheap Honda Finance Options
- Competitive PCP & Hire Purchase quotes from an extensive panel of lenders
- Get the best available rates on cars from £15,000 – £250,000
- Use a Trustpilot 5-Star rated team with expert knowledge
- Rates start from 8.9% APR with a representative APR of 8.9%*
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Compare Honda Finance Options Fast
Honda is one of the largest car manufacturers in the world and with good reason. They can proudly boast a reputation for reliability, quality, reliability and innovation. With this popularity it is hardly surprising that many drivers which to own their own Honda model. Whether you are looking for a Civic or a Jazz, there’ll be a finance option available for you.
That’s why Quotezone.co.uk has teamed up with Magnitude Finance, to take all the hassle out of finding the right finance deal for your new Honda. Who are Magnitude Finance? They are a UK business that has been helping people get the cars of their dreams for over 30 years and have arranged over £500 million of loans each year. No matter what deal you are searching for, we are here to help you with your car finance comparison.
What are the finance options available for a Honda?
- Hire Purchase (HP) – With hire purchase you’ll make regular payments over a typical fixed period of 1 to 5 years or 12 to 60 months. With this finance option, the owner of the car will be the financer until such time as the final payment is made and ownership is transferred to the borrower. Therefore if you miss payments, you could lose the car.
- Personal Contract Purchase (PCP) – This popular method of finance involves you making regular repayments over a fixed period of time but instead of buying the car you are essentially renting it. You will have the option to purchase the car for the remaining amount after the end of the fixed period or simply return it to the lender.
- Personal Loans – This type of finance involves you borrowing a lump sum of cash for the purchase of a car and then you will make regular payments over the fixed term until the loan is repaid.
- Lease – A lease works in a similar way to PCP where you essentially rent a car for a fixed period of time whilst making regular payments. After the end of the lease you’ll return the car to the financer.
The option that is best for you really depends on your own personal circumstances and your current financial capabilities. It is important to do your research before taking out a finance plan as some will serve you better than others.
How can I find cheaper Honda Finance?
The easiest way of finding cheaper Honda finance is simply by comparing multiple lenders. This ensures you aren’t missing out on deals and special offers when deciding on a finance plan. Given that each borrower will also have their own unique profile with each financial lender, you will get the most accurate idea of what you can borrow and how much it’ll cost you by simply by comparing lenders.
- Put down a larger down payment – Whilst 10% is the standard down payment for many financing options, electing to pay a higher amount such as 20% will reduce the total amount you need to borrow for your Honda. This will reduce the total amount you end up paying on interest in the long run.
- Always hunt around for the best rates – This may seem obvious but many borrowers forget to do it, meaning they run the risk of missing out on great deals.
- Consider a shorter term loan – Generally speaking the longer your term the greater the amount of interest you’ll end up paying over time. To reduce the amount of time you spend paying interest, opting for a shorter term loan is a good option.
- Improve and maintain your credit score – This will take time however having a good credit score and maintaining it will help you save money in the long run on your finance options.