Car Finance & Leasing
Last updated - 3pm on 20/03/20
As a responsible lender authorised by the Financial Conduct Authority, we are watching the current situation closely and understand that many of our customers will be directly or indirectly affected by COVID-19.
All lenders during this challenging time are required under FCA rules to work with you to arrive at an arrangement that is in the interests of fair and appropriate customer outcomes.
We encourage you to make early contact with us and any other lenders if you are experiencing financial difficulty so that a suitable solution can be discussed which is appropriately tailored to your circumstances. Other organisations like the Money Advice Service may also be a good source of information and support: www.moneyadviceservice.org.uk/en.
SIMPLE. FLEXIBLE. CONVENIENT
We make financing your Honda easy.
Honda Finance Europe Plc, trading as Honda Financial Services, is part of the Honda Motor Company. Our sole purpose is to provide simple, flexible and convenient finance to Honda customers for their Honda products.
With monthly car finance payments available, there's every chance you could be choosing a higher grade model than you imagined.
When it comes to buying your car we want you to have a choice of your favourite model AND how to pay for it.
PERSONAL CONTRACT PURCHASE (PCP)
Personal Contract Purchase is for you, if:
- You want to pay a deposit and have lower monthly payments.
- You want flexibilty to exchange, return or buy your car at the end of your agreement.
- You'd like to avoid potential maintenance costs of an ageing car.
How it works
- You decide on the model and how much deposit you want to pay.
- You tell us your annual mileage, and we calculate your car's Guaranteed Minimum Future Value (GMFV).
- We deduct this GMFV from the price of the car, and your monthly payments are calculated on the balance that’s left (after the deposit is paid and interest has been calculated).
Once you've paid all your monthly payments, you have three choices:
- Pay the GMFV and keep your Honda.
- Return your Honda at no extra charge.
- Part exchange your Honda for a new one.
HONDA GAP INSURANCE
We believe you shouldn't lose out in the unfortunate event that your Honda is written-off or stolen. Guaranteed Asset Protection (GAP) Insurance gives you peace of mind.
How it works
In the event your car is either stolen or written-off in an accident, Honda GAP Insurance will cover you for the difference between your insurance pay-out and the price you paid for your car. As a result, you're able to replace your Honda with one of an equivalent value or pay off the outstanding balance of your finance agreement – whichever is the greater amount.
*Terms and Conditions Apply. See Brochure download for full details