The Honda Pilot is the perfect SUV for families. If you want to hit the sweet spot between a big, practical minivan and a powerful SUV, this is the vehicle for you. With tons of space, advanced technology, and performance that lets you take it anywhere, the Honda Pilot has it all. Now that you’ve decided on the Pilot, you need to know how to finance it.
When you finance a vehicle, you borrow money from a lender to pay for the car, which you then pay off over a period of three to six years. You can get a loan yourself through a bank or other institution, or the sales department here at Sunny King Honda can secure a loan for you. The bank will offer you a loan term, interest rate (APR), and monthly payment. You can lower your monthly payment by paying an initial down payment, usually around 10% of the total cost of the vehicle.
You can also lease a new Pilot. Leasing is essentially renting the car through the dealership. You have to follow rules set by the dealership while you drive it, like keeping it under a certain mileage, but leasing usually comes with a smaller monthly payment because you’re only paying the cost of how much it will depreciate over the period you’ll have it.
For more information about financing, buying, and leasing a vehicle, like the Honda Pilot, give us a call today at Sunny King Honda.