How much can I borrow?

Any amount from £1,500 up to the price of the car and repayments can be made over any period between one and five years, subject to status.

Do the interest rates vary depending on how much I borrow?

No - unlike most banks and other lenders the rate doesn't vary with Honda Finance

Is the interest rate fixed or variable?

The rate is fixed at the time you apply, giving you the security of knowing your repayments will not change.

Does the interest rate vary depending on my credit rating?

No - unlike most banks and other lenders Honda Finance will not penalise you for a lower rating. However as a responsible lender credit acceptance is subject to status.

Who can apply?

We welcome applications from anyone aged between 18 and 65 who live in the UK.

Are there lots of forms to fill in?

The dealer will fill out the necessary details. All we require is your signature and any proofs of identify requested at the time of application.

What proof of income do I need to provide?

Full time employees do not normally need to give any proof of income. However, different rules may apply if you are self employed.

What is an Annual Percentage Rate (APR)

An APR is a standard method of calculating the full cost of the interest and other charges on the finance. You should use the APR to compare the cost of different finance options, although Honda Contract Hire agreements will not show an APR as they are rental agreements.

What is the Consumer Credit Act 1974

The Consumer Credit Act was introduced by Parliament in 1974 and protects the rights of borrowers by regulating financial institutions and providers.

Your agreement will be covered by the Act provided you're not a Limited Company.

More information can be found at www.oft.gov.uk.

Finance and Leasing Association (FLA)

We are full members of the Finance and Leasing Association (FLA) and we follow the FLA's Lending Code. You can obtain a copy of the Code by writing to us or by calling the FLA on 020 7836 6511.

Use of personal information

We operate in accordance with the Data Protection Act 1998, details of which can be obtained from your local dealer. Further details can be found on the section of your agreement entitled 'Data Protection'.