Honda Finance

The American Honda Finance Corporation provides loans to customers buying or leasing new and used Honda and Acura vehicles, motor cycles, marine vehicles, and power equipment.

Honda Finance Options

Most vehicles in the United States are financed, with drivers making monthly payments, working toward eventual vehicle ownership. After choosing a vehicle, Honda customers work with a Honda dealer to establish a price, payment length, and annual percentage rate. The finance charge and price of the vehicle are payed off over time, but many drivers choose to trade their vehicles in before paying off the total balance. Those who wish to lease a Honda or Acura choose to drive their vehicles for limited amounts of time. Some prefer to trade in a leased vehicle every year or so, enjoying the frequent change and the optimal condition of a new car. Leased cars cannot be altered, and they often have limits on mileage. Honda Financial customers have the option to manage their accounts online. Customers can apply for loans, make payments, view their account statements and transaction histories in a secure online environment.

American Honda Finance Corporation Background

The American Honda Finance Corporation also does business as Honda Financial Services. The company is based in California, and is a private subsidiary of American Honda Motor Company, which is a part of Honda Motor Company. Honda Motor Company is the largest Japanese manufacturer and distributor of automobiles and power equipment. The American Honda Finance corporation began offering financial services to customers in 1980. At that time, the company was only offering it's services for motorcycles, but 3 years later in 1983, the company began offering financial services for power equipment. It was not until 1986 that American Honda Finance offered financial services for Honda and Acura vehicles. The automobile financing division accounts for most of the finance company's revenue.