close up view of handshake of salesmen with the person in the showroom

Apple Honda
Finance Center

Once you've taken your time to browse our new and used Honda inventories, we're sure you'll find a perfect Honda vehicle for your budget and lifestyle. Want an efficient vehicle for daily work commutes? Finance a new Honda Civic or secure yourself a new Honda Accord lease. Looking for a dependable and well-equipped Honda SUV? We have the new Honda HR-V and Honda Pilot for sale. We even have Honda Odyssey minivans, Honda Fit hatchbacks and Honda Ridgeline trucks for sale!

Whatever you choose, know that you'll be in good hands during the final steps of the process. Our Honda financing team is here for you every step of the way, so visit our Honda dealership in York, PA, today! We'll go over the differences between buying vs. leasing a new Honda and discuss your auto loan or lease options. Have questions about our credit offers and new Honda specials? We have the answers!

Apple Honda
Local Auto Finance Center Offering Honda Leases and Loans
Serving: York, PA
Local Phone: 888-708-4373
Directions to Apple Honda
1313 Kenneth Rd, York, PA 17404

Financing is a crucial step in the car buying process, a decision that will affect your transportation budget for several years. Consider how long you plan to use your new vehicle to help determine whether buying or leasing makes the most sense. Your credit and budget also have a significant effect, as creditworthiness determines interest rates, and budgeting guides buying power. Financing may seem complicated, but the finance team at Apple Honda of York will help make it a transparent process where the steps and your options are explained.

Our Honda Finance Center

Once you've chosen the new or used vehicle that matches your budget and lifestyle, it's time to find the best financing option. Our Apple Honda financing team will guide you through every step of the way, helping you decide if buying or leasing is your best option.

Finance center tools include Finance Application, Finance Products, and a Payment Calculator. You can find out your vehicle's trade-in value with your make and model, VIN, and license plate.

Protect Your Investment

Protect your investment through a variety of Apple Honda options:

  • Extended warranties with emergency roadside assistance.
  • GAP covers gaps in insurance deductibles and pays off your loan should your vehicle be totaled.
  • The Platinum Plus maintenance service plan covers wear and tear items, repairs, and roadside assistance.
  • Luxcare XT Protection covers exterior and interior finishes if cosmetic damage occurs.
  • Road Hazard Protection includes roadside assistance and repairs or replaces damages incurred from road hazards.

Payment Calculator

If you want to know what your car payment will be, you can estimate your monthly payment with our online payment calculator. It also helps you determine whether potential financing and purchasing scenarios work for you. Put the purchase price, down payment, interest rate, and loan term into the calculator, and you'll receive a custom estimated monthly payment based on your information.

Buying Versus Leasing

Financing a vehicle is more than simply making a fixed payment for three to five years to satisfy a loan. Leasing may work best depending on your circumstances and goals. Some people choose to hold onto a vehicle for many years, while others may want to upgrade more often. We can help you determine if buying or leasing makes more sense for you.

Financed vehicles become yours, so you can customize it as you see fit, such as adding a trailer hitch, upgrading the stereo, or adding other finishing touches. While payments and down payments may be higher, you can keep the vehicle as long as you want, with the option to sell or trade at any time. There are no mileage limits, so you have more flexibility and don't have to worry about commutes or vacations adding too many miles. Buyers are responsible for all upkeep and maintenance on their vehicles not covered by the manufacturer's warranty.

Leases last for a specified time, at which you return the vehicle or have the option to purchase it. Since leases are for shorter terms, upgrading to a new car can be done sooner. Down payments are low, sometimes even zero, depending on the lease terms. Monthly payments are often lower than purchasing, but mileage limits apply, so it's essential to look at how much driving you plan to do in the future. Finally, upkeep and maintenance must be completed according to the dealer's recommendations.

We can work with All Credit

At Apple Honda of York, we work with clients who have all types of credit and budget situations. As with any type of financing, the best interest rates and terms are available for higher credit scores and low debt-to-income ratios.

Less than ideal credit may lead to higher interest rates and fewer lenders willing to provide loans. Buyers with lower credit ratings or shorter credit histories may need to consider subprime auto loans. Lenders are usually willing to be more flexible with securing approval for those with lower credit scores or short credit histories in exchange for higher interest rates and longer loan terms.

Higher interest rates protect the lender from potential losses due to the higher default rate with lower credit scores. Subprime financing is often available for new or late-model used cars under 100,000 miles because higher-value vehicles provide more collateral and hold their value for longer.

In addition to credit scores and length of credit history, lenders also consider your debt-to-income ratio. Credit scores vary from 300 to 850, with scores in the 550 to 650 range falling into subprime territory. Car payments and insurance usually should be under 20% of your income. Debt-to-income ratios, or what you're paying out to cover your debt, ideally shouldn't exceed 50% of your income. Car payments and insurance should be less than 20% of the applicant's income. Debt payments and budgeting for a car payment and insurance costs are reviewed during the auto loan application process.

Borrowers can take steps to improve their chances of being approved and getting the best rate for their situation. Consider the following steps:

  • Review your credit report. Review your credit report, looking for any inaccuracies. It's possible to dispute and amend items on your credit report with any of the three major credit bureaus.
  • Improve your credit. Improve your chances of securing a favorable rate by paying bills on time and sending in more than minimum payments. If possible, save up for a down payment that will reduce the size of your loan.
  • Plan your budget. Calculate potential costs of the new payment, insurance, taxes, and other costs. Determine your budget for a vehicle purchase while factoring in associated costs.
  • Know your loan terms. Review the terms of loan options, including the interest rate, payment amount, number of payments, and any additional fees. Lower monthly payments could mean a longer loan with more interest paid over its lifetime. Compare the loan length to the expected lifespan of potential vehicles; many lenders will hesitate to give a loan that may outlive the vehicle.

Contact The Apple Honda of York Financing Team Today

Contact the knowledgeable team at Apple Honda of York when you're ready to get into a vehicle. We'll work with you to get you financing within your budget on the vehicle you want. Stop by to see us at 1313 Kenneth Road in York, PA or give us a call at 888-699-3367. We would be happy to answer your questions or get you started on the application process. You can also jumpstart the process with the Apple Honda of York online application. The team at Apple Honda of York looks forward to working with you.