Honda Hire Purchase
- No Deposit
- We help find you the perfect car
- PCP and HP from 8.9% APR
- Free car history and dealer quality check
Have you been searching for a great value Honda Hire Purchase (HP) deal?
Well, you are in the right place! Our handy guide will show you exactly what you can expect when you choose Honda hire purchase finance. If you choose HP, we can guide you through the process and our transparent car finance service can help you get the very best HP deals on the market.
Representative Example: Borrow £7,000 with £1,000 deposit over 48 months with a representative APR of 17.9%, monthly payment would be £171.83, with a total cost of credit of £2,247.83 and a total amount payable of £8,247.83. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions this can either be a % of the amount borrowed or a flat fee. This does not influence the interest rate you’re offered in any way. CarMoney is a broker not a lender.
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About Honda
Founded in 1963, Honda are one of the most recognisable Japanese brands. Innovative, stylish and great value for money. It’s no wonder that so many people choose a Honda model.
Honda hire purchase from Car Money is way for you to spread the cost of your next Honda over a fixed period of time, usually two to three years, although it is possible to lengthen this to five years.
These costs are fixed and agreed upon by both you and the lender, so you know precisely what payments will be made and when.
What is Hire Purchase?
Well, put simply hire purchase is the hire of a car from a finance company for a fixed period of time. You and the lender come to a mutual agreement about how much your initial payment will be, the monthly payments and the terms of the policy.
This lets you spread the cost of your desired car over a fixed term, and there’s no hidden costs. The higher the initial payment you make, the lower your monthly payments will be.
Once the contract ends, and assuming you have met the terms of the agreement, the vehicle is signed over and you become the legal owner.
Benefits of Honda Hire purchase
Honda Hire purchase from Car Money is a great financing option for people who are looking to buy a new Peugeot model. There are many benefits to hire purchase which make it an attractive financing option.
You own the car after final payment is made, and it’s a straightforward application process. Additionally, it offers additional protection over a personal loan. Finally, the monthly payments and terms are tailored to meet your budget.
The only risk of hire purchase is that the loan is secured against the vehicle. This means that if you repeatedly miss payments on the loan, the vehicle could end up being repossessed.
Frequently Asked Questions
How long does it take to finance a Honda?
The amount of time it takes to finance a Honda car will vary depending on your individual circumstances. However, most car finance applications can be processed and approved within 24-48 hours. If you have good credit and choose a simple type of finance you may be able to get approved for finance on the same day that you apply. However, if you have bad credit score it may take a few days or even a week for your application to be processed.
Finance Honda car without deposit?
Yes, it is possible to buy a Honda without a deposit. There are a number of car finance companies that offer zero deposit deals on Honda cars. However, it is important to note that these deals are typically more expensive than car finance deals with a deposit, as the lender will be taking on more risk. You may also need to meet stricter lending criteria to be eligible for a zero deposit car finance deal.
Which Honda should I choose to finance?
When choosing a Honda car to buy and finance, consider your needs and personal circumstances, such as budget, family size, fuel efficiency, performance, and features. Once you have considered your needs and budget, research different Honda models. Honda cars are known for their affordability, reliability, and spaciousness. They offer a wide range of models to choose from, so there is a Honda car to suit everyone’s needs.
How much to finance a Honda?
The cost of Honda financing varies depending on the car model and equipment you choose, your deposit, the finance term, and your yearly mileage (for PCP finance). We can help you calculate the finance price for your desired car, so you can make a decision that is right for you.
Transparency
We are transparent about our car refinance agreements’ terms, conditions, and costs so you can make an informed decision.
Variety of Finance Options
We offer a variety of car finance options, including hire purchase (HP), personal contract purchase (PCP), and leasing, without the need for a down payment.
Quick Approvals
We make it easy to get approved for car finance with our fast and efficient approval process.
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