AT HONDA FINANCE, it s our aim to help you buy your new or used Honda in the simplest way possible. That s why we offer a flexible and convenient

Transcription

1 PERSONAL FINANCE

2 AT HONDA FINANCE, it s our aim to help you buy your new or used Honda in the simplest way possible. That s why we offer a flexible and convenient range of finance options which make owning a Honda more affordable than ever. When you finance your car through Honda Finance, you ll not only benefit from a financial solution that s tailored to you, but also peace of mind. After all, who better to finance your car than the people who built it.

3 FINDING THE RIGHT PRODUCT FOR YOU There are three simple, convenient ways for you to fund your Honda. Between them they offer a wide range of different deposits, a variety of differing monthly payments and flexible lengths of times to pay off the balance. With Honda Hire Purchase, Honda Aspirations and Honda Personal Contract Hire we can find the right option for you.

4 HONDA ASPIRATIONS is a Personal Contract Purchase agreement and is one of the most flexible ways to finance your new or used Honda. You also have a choice of options at the end of your agreement. You start by choosing the Honda you want. Then, based on your annual mileage, a Guaranteed Future Value is calculated, which is deducted from the cash price of the vehicle and offset to the end of the agreement. Your monthly payments are then based on the difference between any deposit you ve paid and the Guaranteed Future Value.

5 WHEN THE TERM ENDS YOU HAVE THREE CHOICES 1. If you re still in love with your car, you can keep it. All you have to do is pay the Guaranteed Future Value. 2. As long as the car has been serviced, is in good condition and has not exceeded the agreed mileage, you can return the car and have nothing more to pay. 3. You can trade the car in, or sell it yourself, and once the Guaranteed Future Value is paid, any equity could be used as a deposit on a brand new Honda.

6 HONDA HIRE PURCHASE is the traditional way to purchase your new or used Honda. You can decide on a deposit, repayment term and a monthly payment to suit your budget and then at the end of the agreement, you own your Honda. Your payments are decided by the length of your agreement and the size of your deposit. They are then fixed, so you ll always know how much your Honda will cost each month.

7 HOW IT WORKS Decide on your deposit 2. Decide on your payment term 3. Your monthly payments are fixed 4. At the end of the agreement the car is yours

8 HONDA PERSONAL CONTRACT HIRE is a type of rental agreement, that allows you to drive a new Honda for a fixed period and mileage to suit you. The terms available are: Minimum 24 months Maximum 60 months Minimum mileage 5,000 per annum- Maximum contract mileage 150,000 - Diesel Vehicles Maximum contract mileage 120,000 - Petrol Vehicles Optional maintenance package to cover service costs KEY BENEFITS Hassle free motoring and fixed budgeting Simplicity and convenience, without the burden of ownership

9 PUTTING IT SIMPLY All you have to do is pay a deposit plus VAT then drive away in a new Honda. 2. Pay a fixed monthly rental plus VAT. 3. At the end of the term simply give the car back to Honda, subject to meeting your agreements terms and conditions.

10 Q & A s Q. How much can I borrow on Hire Purchase and Honda Aspirations? A: Any amount from 1500 up to the price of the car. Q. Over what length of time can I borrow? A: Repayments on Hire Purchase can be made over any period between one and five years. The maximum period on Honda Aspirations is 42 months. Q. How much deposit will I need? A: It depends on your circumstances and the finance product but in most instances your part exchange can be your full deposit. Q. Is the interest rate fixed or variable? A: The rate is fixed at the time you apply, giving you the security of knowing your repayments will not change. Q. Does the interest rate vary depending on my credit rating? A: No unlike most banks and other lenders, Honda Finance will not penalise you for a lower credit rating. However, as a responsible lender, credit acceptance is subject to status. Q. Who can apply? A: We welcome applications from anyone aged 18 or over, who lives in the UK.

11 Q. Are there lots of forms to fill in? A: No The application process is simple. The dealer will ask you the necessary questions and fill out the forms with you in the dealership. Q. How long does it take to set up the finance agreement? A: The agreement can be set up in the showroom and decisions can sometimes be made instantly. Q. What do I do if I have a question you have not answered? A: Contact your local dealer or visit us at Honda Finance are committed to lending responsibly and is also a member of the Finance and Leasing Association and subscribes to their Lending Code. A copy of this can be obtained at Terms and Conditions Indemnities may be required in certain circumstances. Finance is only available to persons aged 18 or over subject to status. Any Guaranteed Future Value will be used to pay the final payment if the car is returned after the last monthly payment, provided the car has been serviced in accordance with the Honda service book, is in good condition and the maximum permitted mileage has not been exceeded. All information is correct at time of publication but may be subject to change. Credit provided by Honda Finance Europe Plc. 470 London Road, Slough, Berkshire SL3 8QY. Honda Finance Europe plc is authorised and regulated by the Financial Conduct Authority, Financial Services Register number

12 HONDA FINANCE SIMPLE FLEXIBLE CONVENIENT Honda Finance Europe Plc 470 London Road, Slough, Berkshire, SL3 8QY. Honda Contact Centre - Telephone: A subsidiary of Honda Motor Europe Ltd. No Registered in England and Wales Issue Date: 04/14 Part No: HFEPF10 Please don t bin me. The pulp in the manufacture of this paper is from renewable timber produced on a fully sustainable basis. Pass me on to a friend or recycle me. The paper used in this brochure is manufactured using ECF (Elemental Chlorine Free) pulp.