P1000 2021 Pioneer Financing through Honda Finance

[rpinelli]

Two separate questions.
When pre approved for an amount through Honda finance, through their actual site, do I have to use this funding at a Honda Dealer? Or can I use the funding on a Honda at a power sports dealer that also sells other brands?

What can I expect for rates with a 680-700 credit score when financing through Honda? The site gives me a pre approved amount, but does not give me a rate. I am just looking for a ball park on what to expect.

I went to a dealer earlier to pick up a deluxe model, they wouldn’t tell me a rate, and just told me they tell everyone 17%, which is ridiculous.

 

[Admin]

 

[sporttrac4x4]

Depends on the length of the Loan. How much you put down.

 

[UpnorthP5]

Two separate questions.
When pre approved for an amount through Honda finance, through their actual site, do I have to use this funding at a Honda Dealer? Or can I use the funding on a Honda at a power sports dealer that also sells other brands?

What can I expect for rates with a 680-700 credit score when financing through Honda? The site gives me a pre approved amount, but does not give me a rate. I am just looking for a ball park on what to expect.

I went to a dealer earlier to pick up a deluxe model, they wouldn’t tell me a rate, and just told me they tell everyone 17%, which is ridiculous.

This from their web site

1.99% APR FOR 12 MONTHS WITH THE Honda POWERSPORTS CREDIT CARD. OFFER VALID 04/01/2021 -06/30/2021.​

Offer valid 04/01/2021 - 06/30/2021. With credit approval for qualifying purchases made on the Honda Powersports Credit Card at participating dealers. Depending on credit quality, eligible purchases will be charged 1.99% APR for 12 months for some applicants. For others, rate will be 5.99% or 7.99% for 12 months from the transaction date. Thereafter, you will be charged 17.99%, 19.99% or 21.99% APR depending on credit worthiness. Minimum Interest Charge $2. Offer valid on new and unregistered 2021 Pioneer 700-4 vehicles.

 

[HondaSXS1343]

You would likely be better off financing through a local credit union. The Honda financing is expensive after the 12 months, you could take the low rate initially, then refinance it close to a year later. In my experience for a loan of this type with good credit, you could be looking at around 8-10%..

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[HondaTech]

Any dealer that sells Honda SXSs can accept any form of Honda financing.

But they dont have to be involved with the Honda credit card program.

Like stated though, you would be better off applying through Honda Financial Services like you would a car or a credit union/bank.

 

[rpinelli]

Depends on the length of the Loan. How much you put down.

I am going to put down 3-4k

Length of loan 60 mos

 

[rpinelli]

Any dealer that sells Honda SXSs can accept any form of Honda financing.

But they dont have to be involved with the Honda credit card program.

Like stated though, you would be better off applying through Honda Financial Services like you would a car or a credit union/bank.

https://www.hondafinancialservices.com/finance/applying-auto

this is where I went through, the actual Honda financial site.

 

[JenElio]

I am going to put down 3-4k

Length of loan 60 mos

What part of FL r you in?

 

[rpinelli]

Daytona area

What part of FL r you in?

daytona area

 

[JenElio]

Daytona area

daytona area

Cool!
Welcome to the forum 👍

I lived off of Beach St for a while years back

 

[rpinelli]

Cool!
Welcome to the forum 👍

I lived off of Beach St for a while years back

awesome thank you!

I heard there was a place on beach street or in Daytona that you could get your side by side made road legal?

 

[JenElio]

awesome thank you!

I heard there was a place on beach street or in Daytona that you could get your side by side made road legal?

I couldn't help you there bud, haven't been in that area in years. Dirtlegal.com does it with out of state tag/registration but I'm not 100% sure on all the legalities.

 

[JenElio]

I know inventory is probably low everywhere but FL kills you with fees and s*** when buying a SxS. It might be worth looking out of state, could save you a few Grand

 

[TheHoover]

Don’t live on payments. 60 months for a SxS payment!? Crazy.

 

[rpinelli]

Payment doesnt bother me a bit, I’ll do less if the terms are right.

Don’t live on payments. 60 months for a SxS payment!? Crazy.

 

[TheHoover]

Just wait a year. There’s gonna be a massive used market for these machines when people realize living on credit, on the brink of a major recession isn’t viable. At least I hope people are smart enough... America, the land of credit. Just print more money, right?

 

[Smitty335]

Just wait a year. There’s gonna be a massive used market for these machines when people realize living on credit, on the brink of a major recession isn’t viable. At least I hope people are smart enough... America, the land of credit. Just print more money, right?

Your right!

 

[sporttrac4x4]

When You borrow money that's how you make your credit go up. Make your payments on time. Just don't borrow more than you can pay back.

 

[russknight]

I second the motion to check with a credit union. Those Honda rates are absolute rape.

 

[HondaTech]

Just wait a year. There’s gonna be a massive used market for these machines when people realize living on credit, on the brink of a major recession isn’t viable. At least I hope people are smart enough... America, the land of credit. Just print more money, right?

Thats the liberal way!!

Part of the reason ive been debating on a new truck or holdings off till after this dictator is gone.