Table of Contents Show

American Honda Finance: Owning a Honda or Acura automobile may require you to seek the services of American honda finance.

Hence, before applying for their services, it is in your best interest to know how the corporation works and the customer reviews.

Not to worry, makedailyprofit has compiled relevant information about American honda finance.

About American Honda Finance

American Honda Finance offers assistance to satisfy the financial expectations of its customers.

As the official financial lenders for American Honda Motor Company Inc., Honda Financial Services (HFS) and Acura Financial Services (AFS), both DBAs of AHFC, help buyers of Honda and Acura vehicles satisfy their financial needs.

The corporation provides customers access to innovative, adaptable, and sustainable financial services to support their goal of becoming car owners.

Their primary responsibility is to provide a financial experience of the highest caliber to the Honda and Acura products they support.

History of American Honda Finance

The American Honda Finance Corporation started its operations in 1980. By 1983, it began by providing wholesale financing for Honda power equipment.

Through pilot programs, AHFC started providing retail financing for Honda motorcycles, power equipment, and vehicles in Florida and California. In California, it did so in May 1986.

April 1990 saw the corporation providing retail leasing for Honda and Acura vehicles in California.

The central area of their activity since 1992 has been the retail financing and leasing of automobiles.

Depending on the product and the requirements of each of their clients, both DBAs now provide financing through retail installment sales contracts and automotive leases.

American Honda Finance Reviews

For every business, feedback and reviews are bound to come knocking. For a better customer experience, intending customers heavily rely on the reviews from others before them.

These reviews, most times, are a blend of positive and negative feedback.

Let’s consider some of the reviews for American Honda Finance:

Positive Reviews

I’m an adamant customer, and it’s tough to make me love the service because I always expect the best! Well, service defiantly shouldn’t be a nightmare! Anyway, I want to say that I was leasing my HONDA CIVIC with this company for 36 months, which was an absolute pleasure.

I was worried I’d get a surprise bill after returning the car, but the return process was easy, and I even got a refund check! Is that true? Refund?! Thank you. Also, I never had any problems during the lease, and the technician for the final inspection came to the most convenient location for me.

I have a 2009 honda civic never missed a payment til Dec. 2011 due to my divorce; I was unable to make payments, so I gave American honda a call to to let them know my situation. They were accommodating and gave me an extension with many papers to fill out and many supervisors to speak to.

Unfortunately, two years passed, and check my credit, and now it’s showing a derogatory mark in my recognition of no payments tried to call them to fix my situation and work with me.

All I’m getting is sorry, there’s nothing we can do. I have been so faithful in making payments, and as soon as things go wrong in life, they can’t work with u very disappointing on behalf of honda financial. I was trying to get a new car because I love hondas.

There are great cars, but due to my credit report, I can’t. I wish they would have told me that you will also be getting a derogatory mark on my credit if I’m getting an extension.

Negative Reviews

Please do not buy any cars from Hillside Honda. New York

Leaser beware!!!! I will never lease or buy another vehicle from Honda. YOU charged me a $350.00 fee because I did not purchase the lease I turned in. NEVER DOING BUSINESS WITH YOU AGAIN!

How to Apply for American Honda Finance

Before going through the application process, you must apply for a credit pre-approval.

This prerequisite makes it relatively easy for customers. All they need to do is show up at the dealership already qualified for discounts.

To proceed with pre-approval, you must provide information about yourself and the car.

Once done, the corporation will review your application, and you are sure to receive a response via mail.

Application Process

Applying for American Honda Finance is quite easy, as long as you satisfy the checklist and provide the necessary documentation.

Application Checklist

The following information and documentation are essential in applying for this finance. They include:

Social security number
Account number
Product model
Employment information
A down payment, if applicable.

Application Proper

You can go ahead and apply online or download the application for the entire Honda and Acura products for credit pre-approval.

Go ahead to apply for pre-credit approval by clicking on the link below to download the application:

Application

Follow Through with the Application

Meeting the checklist and applying isn’t all there is to it. The next course of action is to follow up on the application.

You can achieve this in two ways:

Checking your application status: You must select a product to confirm your application status.
Settle for a local dealer: You can also work with a dealer. It’s simple; select a product for which you’d like to locate a nearby dealer.

American Honda Finance Address

If you have been meaning to visit American Honda Finance, you can locate their executive offices at this address: 1919 Torrance Blvd., Torrance, California 90501, United States.

American Honda Finance Phone Number

You need to have the phone number for American Honda Finance since you need their services.

To contact American Honda Finance, reach them through this phone for general inquiries – (800) 999-1009.

Conclusion

You can decide whether their services suit your needs with the information provided above.

We hope you found this helpful article.

Frequently Asked Questions on American Honda Finance

Can You Pay off Honda Financing Early?

You can, indeed. However, if you pay off your auto loan early, Honda Financial will charge you a prepayment fee. This cost might diminish or eliminate the savings from paying off the auto loan early.

Does Honda Pre-Approval Affect Credit Score?

It’s often a “soft inquiry” when you are prescreened, prequalified, or preapproved for vehicle loans. Despite appearing on your credit report, soft inquiries, also known as weak credit pulls, have no impact on your credit score.

How Much is the Honda Prepayment Fee?

Honda car loans provide terms that range from 24 to 72 months. If you pay off your used or new Honda early, there are no application fees or prepayment penalties.

FAQs

Can you pay off Honda financing early?

You can, indeed. However, if you pay off your auto loan early, Honda Financial will charge you a prepayment fee. This cost might diminish or eliminate the savings from paying off the auto loan early.

Does Honda pre-approval affect credit score?

How much is the Honda prepayment fee?

Honda car loans provide terms that range from 24 to 72 months. If you pay off your used or new Honda early, there are no application fees or prepayment penalties.