Financing Your Vehicle FAQ

Do you offer financing options?

Yes, we offer financing options through Honda Financing. We also have partner relationships with banks.

Can I use a credit or debit card for a down payment?

Yes, you can use a credit or debit card for your down payment, up to a maximum of $5,000 per transaction.

Can I get approved with bad credit? 

In most cases, we can get you approved through our many financing partner options.

What documentation do I need to bring for financing?

At Royal Honda, we make it easy. To streamline the financing process, please ensure you bring the following items: a valid driver's license, proof of income (such as recent 2 months paystubs or bank statements), pre authorized payment form or void check, and any previous loan or lease documents, if applicable. Having these documents ready will enable us to assist you more efficiently and effectively. 

How long does the financing approval process take?

Typically, the financing approval process can be completed within an hour. However, please note that the duration may vary depending on your individual financial situation and the specific requirements of the lender. Our goal is to make this process as quick and seamless as possible for you! 

What is the minimum credit score needed for financing?

While there is no strict minimum credit score required, most of our financing partners offer flexible options to accommodate a range of credit profiles. Generally, a score of 600 or above can help you secure more favorable rates. However, we encourage everyone to apply, as we are committed to working with a variety of credit situations to find the best solution for you.

Do you offer financing options for newcomers or first-time buyers?

Absolutely! We offer financing options tailored specifically for newcomers and first-time buyers. We understand that building credit can be a challenge, which is why we partner with lenders who are open to considering your unique circumstances. Our dedicated, non-commissioned team is here to guide you through every step of the process, ensuring you find the best financing solution to meet your needs.

What if I still have a loan on my current vehicle?

If you currently have a loan on a vehicle you're looking to trade in, our team is here to help you explore your options. We'll collaborate with you to identify the best solution based on your specific circumstances. Please bring your loan details, and we'll assist you in navigating the entire trade-in process with ease!