Interest Rates on Auto Financing at RiverTown Honda
If you are in need of an auto loan for your vehicle purchase we will do all that we can to offer you the best interest rate available at RiverTown Honda. Our experienced and knowledgeable Finance Department can help you understand your options and work with you to secure a loan payment plan that fits your budget.
Although, we will work to help you obtain a good interest rate, there are a few factors to keep in mind that will influence the financing rates. Depending on the car you choose, loan length options, your credit, and current factors, loan rates will vary.
There are a few factors that may affect your car loan interest rate:
- Your vehicle purchase. Rates are based on a vehicle’s age and mileage. So depending on whether your vehicle is new or used, it could affect your rate. Generally, new car rates are lowest.
- The term length of your loan. Usually the longer-term loans come with higher interest rates. However, loan options vary and this is not always the case.
- Your credit rating. Typically, those with better credit scores get lower interest rates. However, if you have bad or no credit, our specialists will work with you and the lenders to get you the best auto loan interest rate possible.
Our finance team is committed to getting every customer an affordable auto loan. This is because we know how difficult it can be when you have bad or no credit. Making sure you get the financing you need at a rate you can afford is what we specialize in. The RiverTown Honda financing department is here to answer all your questions and guide you through getting purchasing your new Honda or used car.