Financing is determined by how much you will need to borrow to pay for the entire automobile plus applicable taxes. Once financing is secured, you will then be required to pay back the amount you borrow plus interest, typically in equal monthly payments over a pre-arranged period of time.

The benefits of financing your vehicle with Honda Financial Services Inc. are:

Things to be taken into consideration:

You are the owner of the vehicle. All retail loans are open and you may pay out the finance contract at any time without prepayment penalties. Simple interest method to calculate interest charges. No kilometer charges. No wear and tear charges. Build equity. Flexible terms. Once all the payments have been made, you own the automobile.

Monthly loan payments are typically higher than monthly lease payments because you are financing the total cost of your automobile which includes all applicable sales taxes and purchase price. You are responsible for insurance coverage. Required coverage typically is detailed in your financing agreement. You are responsible for maintaining the automobile. A maintenance schedule is outlined in the owner's manual.

Honda Financial Services options:

Conventional Finance:
With the Honda Financial Services regular program you can tailor your purchase to reflect your individual needs. Your equal monthly payments are determined using competitive rates and 24 - 72 month terms. Together with the dealer you can work out the financing arrangements that suit your budget and your needs best

Future Value Finance Program:
The Future Value Finance Program is an alternative to our lease program. The payment schedule is structured using consecutive monthly payments for a set period of time ending with one payment that is larger than all the preceding payments. Once the final payment comes due you have the option of paying the contract obligation in full or re-financing the final payment at competitive rates with HFS. Graduate applicants are not eligible for our Future Value Purchase Plan.

THE FUTURE VALUE PURCHASE PLAN IS NOT AVAILABLE TO RESIDENTS OF QUEBEC. CURRENT PROVINCIAL LEGISLATION WILL NOT ALLOW PROGRAMS OF THIS TYPE.

Graduate Finance Program: HFS is making it easier for university/college graduates to qualify for retail financing on our total automotive product line. This program is designed to provide the necessary financing for recent graduates that have little or, in most cases, no credit history. Our Future Value Purchase Program is not available to our graduate customers.

Graduate Eligibility	Credit Criteria
Graduates of an accredited minimum 3 or 4 year university program. Graduates of an accredited 2 or 3 year nursing school program. Graduates of a police or military school. Graduates of an accredited community college (minimum 2 year program). Must have graduated within the last 4 years of application date.	No adverse credit history. Verifiable proof of full time employment and income, or written commitment from employer with a start date within sixty days of application date. Monthly income sufficient to cover current obligations, expenses and vehicle payment. Payment cannot exceed 20% of graduate's gross income.
Maximum Advance	Documentation
The maximum amount finance includes current MSRP, freight/PDI, taxes and Honda Plus extended warranty (amount exceeding this limit will require a down payment).	Copy of diploma or letter from Registrar's Office confirming graduation. Down Payment Not required at this time.

For more information about your financing options, please email us callcentre@sterlinghonda.com