Here are your choices:
- paying online.
- Paying automatically via EasyPaySM.
- Pay via phone.
- SpeedPay by Western Union.
- Quick Collect from Western Union.
- Mail-order payment.
- MoneyGram.
In This Article...
Is Honda Financial Services the same as American Honda Finance?
Customers of Honda can get the financing they need through Honda Financial ServicesSM (HFS), a division of American Honda Finance Corporation (AHFC).
Have inquiries? To find queries and solutions on particular subjects, go to the HFS Help Center main page or click on the links below:
Can you use a credit card to pay your Honda lease?
Credit cards are not accepted here. You can use ACI Pay or call Customer Service at 1-800-366-8500 to make a payment using your debit or ATM card.
How will my Honda lease be paid off?
Call us at (703) 660-0100 or a Honda Financial Services customer service representative at 1-800-708-6555 to get your payoff estimate. Honda Financial Services’ Express Payoff system is accessible 24/7, so you can contact at any time to receive a quote.
What occurs when a Honda lease expires?
When your lease expires, you have three basic options for the future. You have three options for returning your leased Honda: trading it in for a new one, paying the agreed-upon sum, or just walking away.
How a Digital Wallet Works
The service is pre-installed on the majority of contemporary devices that support digital wallets. For instance, many AndroidTM phones include Google PayTM, while iPhones include Apple Pay.
Due to the fact that some older or less expensive models lack the near-field communication (NFC) technology required for wireless payments, they might not ship with a digital wallet pre-installed.
Open the digital wallet app once you’ve located or downloaded it to add your card. Each digital wallet has a unique process, which is described in more depth below.
You can utilize your digital wallet after adding a card and designating it as your default payment method. Look for a contactless reader or your digital wallet app’s branding when you’re in a store. Then, unlock it and place it in close proximity to the payment terminal. Your device might ask for your consent using a PIN, passcode, etc. Then, you’ll adhere to any instructions provided by the terminal.
How to Enroll
- Make sure the iOS version on your Apple Watch, iPhone, or iPad is the most recent.
- Launch the Apple Pay program.
- Take a picture of your debit card or enter the details online to add your Honda FCU card.
- Your confirmation that a card has been added to Apple Pay will come in the form of an email or postcard.
Where can I locate the account number for Honda Financial Services?
What is the location of my account number? Your monthly or quarterly statements will list your 10-digit membership/savings account number.
Is there a grace period for Honda Financial Services?
The grace period for late payments under Honda Financial Services’ policy ranges from 7 to 15 days. Grace periods differ from lender to lender, and as a result of the coronavirus outbreak, banks are now much more understanding with their customers.
The minimum late fee we’ve seen was 5% of the monthly payment amount, although late rates vary greatly every loan. However, unless you have an emergency, we strongly advise against using Honda Financial Services’ grace period. You would be endangering your credit, which could have a long-lasting, detrimental effect on your personal finances.
Instead, we advise you to see if refinancing will lessen your monthly load and perhaps even generate unforeseen cost savings. Give us your phone number, complete our three easy steps, and we’ll make you a definite offer that’s 100% online and won’t affect your credit.
Buying a Honda
Auto loans with 0% APR financing are available through Honda Financial Services, with loan durations ranging from 24 to 72 months. Honda finance typically requires a credit score of at least 610, but the best offers, like 0% financing, are typically only available to individuals with excellent credit. Although Honda Certified Pre-Owned (CPO) models may also be eligible, low APRs are not only available for brand-new cars.
Customers can even apply for preapproval online with Honda. We advise obtaining at least one other preapproval from a different lender so you have a comparison point.
Leasing a Honda
The fact that new automobile leasing frequently offers a low payment on a new vehicle is a huge incentive.
But there are a few drawbacks: Even if you only use around half of the vehicle’s lifespan during a 36-month (three-year) lease, you pay for roughly half of the vehicle’s worth. If you’re not sure whether to lease or buy, consider the following information.
Leasing options from Honda range from 24 to 60 months with 12,000 or 15,000 yearly kilometres. Vehicles having an original MSRP of $30,000 or less can have up to $0.15 every extra mile tacked on; those with an MSRP exceeding $30,000 can be charged $0.20 per extra mile. You had the option to return your Honda, trade it in, or purchase it at the end of the lease. If you choose to purchase or lease a different Honda, you might find loyalty perks.
Can I use a credit card to pay my auto lease?
Even if your lender accepts credit cards for auto loan payments, you should give it some thought before choosing that method because the majority of lenders do not. If you don’t take care, you can end up paying more than the total of your auto loan.
Can I use a credit card to pay the security deposit?
Typically, the first monthly Direct Debit includes an initial payment. A good choice is also a bank transfer. Alternately, a credit or debit card payment can be made before the vehicle is delivered. It is not possible to make an initial payment in cash.
As a precaution to avoid money laundering, some financing providers will demand that all payments, including the first payment, be paid via direct debit or bank transfer.
When is the initial payment for a lease car due to be paid?
This depends on the initial payment method picked. Before even setting a date for the vehicle’s delivery, the initial payment, if it is to be done with a debit or credit card, must be made. When the car is ready, the lease firm will call the driver to let them know, and during this conversation, they will also take the initial payment over the phone.
Direct debit or bank transfers are acceptable forms of payment, and these are made after the vehicle has been delivered. The timeframes for this payment vary depending on the finance provider and might range from seven to 10 days after delivery. The precise payment dates for each financial house might be advised on by the lease advisor.
What if the initial payment can’t be made?
A supplementary mode of pre-payment will be required if the debit or credit card payment agreement that is in place to obtain the initial payment is declined. The vehicle delivery will have to wait until the payment can be completed.
The finance firm will make an effort to collect the payment after the vehicle has been delivered when the initial instalments are due by direct debit or bank transfer. If there aren’t enough funds in the account to cover the payment, it will be considered late. A person’s credit score suffers when they make late payments on finance arrangements. The required steps will be taken to reclaim the vehicle and the back payments if late payments persist throughout the lease agreement.
Could purchasing a lease car help to improve my credit score?
Good credit is developed when credit arrangements are upheld. A leasing agreement for an automobile would be considered a credit arrangement, and as such, it might have a favorable effect on a credit score. A person’s credit score may suffer as a result of leasing a vehicle. If the monthly payments are neglected or made late, bad credit is created. A person’s future capacity to acquire credit may be severely harmed as a result.
Pay your lease company directly
The simplest way to use a credit card to pay is if your lease business would accept a credit card payment immediately. Make sure you are not paying more if you pay a leasing company with a card because some charge significant fees for credit card payments.
Use a third-party service
For the lease payment, there are third-party businesses like Plastiq that will bill your credit card and mail a check. But once more, there may probably be charges that increase your expenses.
Use credit card convenience checks
You can receive checks from your credit card that let you deduct payments from your balance. Check your credit card agreement before paying this manner because they typically have cash advance fees and may even have higher interest rates.
Are lease buyouts financed by you?
A lease buyout option could be pricey to select. When you have the choice to purchase a leased car, the car is often only a few years old and has a high residual value.
Although you can pay the lease buyout sum in cash, financing options are available if you need them.
Thank goodness, you can fund the transaction by requesting a lease buyout loan. A lease buyout loan is available from some lenders who also provide auto loans for new or used cars. You might be able to get financing through the dealership as well. But be sure to compare prices and terms to obtain the best options for your circumstance.
How is the lease buyout calculated?
On your monthly leasing statement, look for a “buyout amount” or “payoff amount.” This buyout price is derived by adding the initial residual value of your vehicle, the total number of payments still due, and perhaps a vehicle purchase fee (depending on the leasing company.)
How can I make my Honda lease longer?
Yes, you can get the lease extended for up to 12 months by calling Honda Financial Services. With monthly payments, you can return the item at any point before the 12-month extended period without incurring any additional costs. Just be sure to have it checked out (at least 3–4 weeks before you intend to return it).