Car financing is using a loan to pay for a vehicle. You pay a portion of the car’s total price upfront, known as the down payment, and then repay however much you borrowed to pay for the rest of the vehicle via regular monthly payments until the loan is paid off, plus interest. Learn how to get approved for a loan from your local Honda dealer.
Get Pre-Approved
To purchase a vehicle, you first need to get pre-approved for an auto loan. Visit our dealership to learn about our financing options. We will run a credit check and ask for information about your income to determine your affordability.
Once you are pre-approved, we will estimate your monthly payment based on how long you need to repay the loan. Interest varies based on the terms and conditions of the loan and market rates. Having a high credit score with reliable income could help you qualify for a larger loan so you can buy a more expensive car. If you don’t qualify, our team will explain why and what you can do to improve your chances of getting approved. We work with individuals with different types of credit scores to help our neighbors get on the road.
Shop for a Car
If you are pre-approved, our dealership will tell you how much you can borrow to buy a car. This is the total amount you can spend on the vehicle minus your initial down payment. Compare various Honda models based on your budget. Consider the vehicle’s fuel efficiency rating, the cost of car insurance, and your monthly repayment plan to stay within your means. Some experts recommend spending no more than 10% of your take-home pay on a car payment.
Our dealership will answer your questions about the make and model to ensure it meets the terms of your loan. Getting a loan from the same place you purchase the car consolidates the car-buying process. Our lenders are familiar with the specific make and models for sale. We are your one-stop shop for auto financing so you can get approved and buy a car quickly.
Apply for an Auto Loan
Once you have a trusted financial partner and a budget, you can find a great car within your means. Our dealership will set up the loan after your initial down payment. After the car is transferred to your name, you can drive it off the lot.
Financing your car is easy and straightforward when you get a loan from a dealership. Visit Superior Honda in Orangeburg, SC, to learn more about the financing process.
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