If you live in or around the Schertz, TX area, our professionals at Gillman Honda San Antonio are happy to be your go-to Honda dealership. Whether you are looking for a new Honda car or a pre-owned one, we have you covered. We are also happy to help you through the process of financing your new or used Honda car. If you are unfamiliar with the financing process we hope this guide can answer some of your questions.
Financing a car, especially if you’ve never done it before, can be a confusing process, but it’s actually a lot easier than it seems. After you come in and test drive the Honda car you want to take home, our finance team will get to work to give you the best deal we can on your car.
You will first be asked to make an initial offer for a down payment, which is usually a percentage of the total cost of the car. For example, if the car you’re interested in buying is $20,000, a good down payment to make would be 10 to 20 percent, or $2,000 to $4,000, respectively.
Generally, the larger the down payment you can afford to make, the lower your monthly payments will be.
But what if you don’t have $2,000 or $4,000 laying around to make a down payment? Some people use their bank to take out loan for the car. If you decide to do that, your car payments will go directly to the bank. But there is another option, too.
Here at Gillman Honda San Antonio, we are happy to finance the car directly through the dealership. This allows us some flexibility to meet you where you’re at and to craft deals unique to our customers.
We hope this guide was able to answer the most common questions of the car financing process. But if you have more questions, we welcome you to our Honda dealership near Schertz, TX where our team will be more than happy to help you find the Honda car you want!
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Finance