When it’s time to invest in a new Honda motorcycle, ATV, or dirt bike, you want to make sure you’re getting the best deal on Honda Powersports financing. And there’s no better way to do that than by knowing your options and making sure you choose the financing option that is best suited for your lifestyle and budget. So here we break down the different types of financing options available to you to make an informed decision.
Honda has partnered with some of the best finance companies in the country, including Synchrony Financial, First Opportunity Capital, Wells Fargo, and TD Auto Finance. This helps customers get great rates on their purchases without having to sacrifice quality.
Best Ways to Finance Honda Powersports
Cash: If you’re like most buyers, you’ll want to save up for your purchase in cash. This is the easiest way to do it because you know how much you can afford upfront, and there are no additional monthly costs. However, if you don’t have enough saved up, you can always finance to get the bike of your dreams.
Credit Card: If you don’t have the funds saved up, one of the easiest ways to purchase a new Honda is using your credit card. When available, Honda financing offers special rates for customers who choose this method. It’s easy because all you have to do is fill out an application and wait for the approval. In addition, most credit cards offer a specific grace period on purchases, so you’ll be able to take the bike home that day if you get approved.
Bank Financing: If you have great credit and want to avoid additional interest fees, bank financing is the way to go. There’s no need to fill out an application and wait for the approval. In most cases, if you have a bank account, you’re approved!
Best Financing Offers from Honda
Depending on your credit history and applications for financing in the past, you may qualify for special offers. These deals don’t just help you save money on the motorcycle itself; they can also lower your monthly payments and put you in a better financial position. For example, if you’ve financed before or applied for financing within the past few years, chances are you’ll qualify for great offers like:
- 0% APR – This is probably one of the best deals Honda has to offer because it’s free money that only requires approval. It’s hard to beat 0%, so you can expect to pay even less than you would have without it.
- 12-Month No Interest Financing – You don’t have to wait a few years for this deal! Instead, you’ll be able to enjoy deferred interest on your purchase for a year at a time. This is the perfect option if you want a new bike today and need to spread out your payments.
- 6-Month No-Interest Financing – Just like 12 Months but with no interest for six months. As long as you pay off your purchase before the six-month period is over, you won’t have to pay any interest at all! So if you’re in a hurry and want to speed up the process, this is your best bet.
- No Interest Financing – With this option, you get to enjoy no interest for either 12 or 24 months, depending on your credit history. It’s a great way to save money and pay off the motorcycle without having to worry about interest taking its toll on your wallet.