Honda Financing in Newnan, GA Open Today! Sales: 9am-8pm | Call us at: 470-231-3968

Once you have found the new or used car for sale that you want to purchase, you will likely need auto financing. At Honda of Newnan, we offer competitive rates on all of the vehicles on our lot, ensuring every driver can feel confident in their purchase. There is no denying the fact that the financial aspect of getting a vehicle is the most stressful part of the process. That is why we are dedicated to making everything as simple and straightforward as possible for all Newnan drivers looking to purchase a used car or new Honda vehicle.

How Do Auto Loans Work?

While the auto loan process may differ from dealership to dealership, at Honda of Newnan, we keep it simple. You can apply for Honda financing right on our website or in person at our Newnan, GA location. Once you fill out the application with information such as your name, address, and social security number, we will run all of the numbers, taking into account any vehicle trade-ins or down payments you may be contributing. By working with various local and national lenders, we are able to find a loan that works for everyone. 

Is it Smart to Finance a Car?

It is common to wonder if financing your new or new-to-you vehicle is a good idea. Taking out a loan of thousands of dollars can be intimidating, to say the least. That said, financing a car is certainly beneficial. Most people do not have the funds to buy a car outright. Limiting your vehicle options to cars you can afford to purchase out of pocket can be risky, especially when this narrows your options to vehicles for sale by owner. This is not a good idea because you are not guaranteed quality and could very well end up with a lemon. On the contrary, when you finance a vehicle your options expand greatly, allowing you to purchase a reliable vehicle from a reputable dealer. In all, it is a smart decision to finance a car.

Will I Qualify for Auto Financing? 

Our auto finance experts are committed to finding everyone a loan that works for them. Whether you have a perfect credit score, or could use some work in that department, there is an option out there for you, and we will find it. We offer traditional auto loans through major banks and credit unions, along with a good selection of second chance vehicle financing options. At Honda of Newnan, we are here to make sure you can get behind the wheel of a vehicle, regardless of your finances. So if you are wondering whether you will qualify for auto financing, the answer is likely yes.

But is it Better to Lease or Finance a Car?

Financing is not the only option when it comes to shopping for a new vehicle. Another option – one that many drivers choose – is to sign a lease. Leasing a vehicle is like a long term rental agreement. When you lease a Honda, you choose a term length and keep the vehicle for that amount of time. There are limits on how many miles you can drive during this time, but general maintenance is often covered under the cost of the lease. In other words, you only have to pay for the “rental” of the vehicle, rather than a loan payment plus mechanics’ fees. And once the term is up, you can choose to either return the vehicle or purchase it, using the money you have put into the lease as a downpayment on the vehicle.

Is leasing better than financing, though? The answer to that question depends on your specific needs. If you do not drive many miles and always want the newest vehicle on the market, leasing a new Honda would likely be the best option for you. But if you want to own the vehicle at the end of your payments, or do a lot of driving, you may want to apply for an auto loan. And of course, if you are unsure of what option is best for you and your needs, our Honda finance experts can help you figure that out. 

What Happens When the Auto Loan is Paid Off?

After you have decided to finance your vehicle and sign on the dotted line, you can finally drive off the lot. So long as you pay your monthly dues, you will soon be the proud owner of the Honda that you have financed. At that point, the title will be signed over to you by the lender, and you will be the sole owner of the vehicle. It is as simple as that. Once you pay off the balance on your loan, it is all yours. 

In some cases, this does open up some options in terms of insurance and customization. Some lenders have rules about deductibles and customizing your vehicle, but those disappear once the loan is complete. Once you pay off the loan, the car belongs to you, allowing you to do whatever you want with your vehicle.

Finance Your Vehicle at Honda of Newnan

At Honda of Newnan, our auto finance experts are here to help you get behind the wheel of your next vehicle without breaking the bank. Whether you are looking into financing or leasing options, we will find you the best rates out there. So if you are ready to learn more, contact us or swing by the dealership today! We look forward to getting you behind the wheel of your next Honda.