When you say “yes” to your Honda Accord, you’ll have years of fun driving ahead of you! But first, you have to figure out how you’ll finance your Accord.
Purchasing a car with cash is a hassle-free way to go. If you have the cash to pay for a car upfront, it will help save you money on interest costs and fees associated with financing a car. You just want to make sure you have enough cushion in your savings if you choose to pay this way.
Financing means that you’ll apply for a loan to cover the cost of the Accord, and then pay this loan back with a payment each month. Typically for these loans, you’ll need to pay a certain amount of cash down to secure the loan. Financing can go through your bank or through Honda.
If neither of those options sound right for you, there’s leasing. Like financing, you’ll pay a certain amount each month (to Honda) when you lease an Accord. However, with leasing, you are able to avoid loan interest and might not need to make a down payment.
Come down to Sunny King Honda today to ask us about financing your Honda Accord.