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- New Inventory (29)
- All Models
- Cars
starting at$28,7452024 Civic Sedan
starting at$29,7952025 Civic Sedan
starting at$36,0852024 Civic Hatchback
starting at$33,6552025 Civic Hatchback
starting at$37,5852024 Civic Si Sedan
starting at$38,0552025 Civic Si Sedan
starting at$53,2852024 Civic Type R
starting at$55,0552025 Civic Type R
starting at$39,4552024 Accord Sedan
starting at$40,2552025 Accord Sedan
- SUVs
starting at$31,0852024 HR-V
starting at$32,0852025 HR-V
starting at$37,2502024 CR-V
starting at$38,6002025 CR-V
starting at$50,6052024 Passport
starting at$52,6052025 Passport
starting at$53,7752024 Pilot
starting at$55,4752025 Pilot
- Trucks / Minivans
starting at$54,0952024 Odyssey
starting at$52,0452025 Odyssey
starting at$52,1152024 Ridgeline
starting at$53,6152025 Ridgeline
- Hybrids / Electrics
starting at$43,4552024 Accord Hybrid
starting at$44,9552025 Accord Hybrid
starting at$48,9002024 CR-V Hybrid
starting at$50,2002025 CR-V Hybrid
starting at$37,4552025 Civic Hatchback Hybrid
starting at$35,5552025 Civic Sedan Hybrid
Newcomer Program
This could be you!
Are you new to Canada?
We understand the challenges of securing financing without a Canadian credit history. We also recognize the significance of having a vehicle when starting fresh in a new country. At Royal Honda, we aim to assist you in driving off in your first car in Canada and guide you through the process. With the Honda Financial Services, Royal Honda's newcomer program stands out as one of the finest newcomer programs in the automotive industry. #WeMakeItEasy and deliver The Royal Treatment at every stage of the journey!
Need to know terms:
TDSR (Total Debt Service Ratio)
-Financial measure that compares an applicant's total monthly debt payments to their gross income expressed as a percentage.
PIR (Payment to Income Ratio)
-Financial metric that compares an individual's monthly housing payment to evaluate affordability.
MSRD (Minimum Security Deposit Requirement)
-The cash down an applicant must provide as a security deposit.
Permanent Residents:
|
Credit History |
0-2 Years |
|
Max Monthly Payment |
Max 20% PIR Max 40% TDSR |
|
Documents Required |
Proof of income |
|
Amount |
Up to $75,000 |
Visitor's Visa (Only allowed as secondary applicant):
|
Credit History |
0-2 Years |
|
Max Monthly Payment |
Max 20% PIR Max 50% TDSR |
|
Documents Required |
Proof of income | Visa |
International Students:
|
Credit History |
0-2 Years |
|
Max Monthly Payment |
Max 20% PIR Max 50% TDSR |
|
Documents Required |
Proof of income Study Permit Confirmation of enrolment |
Investor/Entrepreneurs:
|
Credit History |
0-2 Years |
|
Max Monthly Payment |
Max 20% PIR Max 40% TDSR |
|
Documents Required |
Permanent Residence Card Must provide SIN |
|
Amount |
Up to $75,000 |
High Skilled Worker:
|
Credit History |
0-2 Years |
|
Max Monthly Payment |
Max 20% PIR Max 40% TDSR |
|
Documents Required |
Proof of income Permanent Residence Card |
|
Max Amount |
Up to $75,000 |
Royal Honda also has access to all of the following bank's newcomer programs:
We understand that this is a lot of information to take in, and we're here to support you every step of the way. If you have any questions, please do not hesitate to contact us. Call us at (306) 782-2262 or stop by the dealership. We look forward to assisting you!
