Honda Finance Center in Grand Forks, ND

Auto Financing at Our Honda Dealer Serving Grand Forks

Our main focus at Rydell is getting you in the car that best suits your wants and needs at the best possible price, and we’ve been doing that for decades. Whether you are right down the road or tired of visiting other Honda dealers across North Dakota, you can save valuable time by using our simple online pre-approval form to find the finance program that is best suited to you! 

Advantages of Financing and Protecting Your New Honda

The professionals at Rydell Honda of Grand Forks know what you are looking for in a financing deal. You want an affordable rate, reasonable and flexible contract terms, and the peace of mind that comes with knowing you're protected if something goes wrong. You'll have no trouble finding them all there. Your dealer has broad access to a far larger group of financing institutions and options than the average car-buyer. Going through them for financing means more options, more information, and more flexibility in contract detail than is granted by most banks.

Make sure you ask your dealer about Honda Care coverage. This plan includes coverage of:

• Engine.
• Transmission.
• Differential.
• Axles.
• Electronics, including primary systems and connecting components.
• Chassis, including the steering, suspension, and braking systems.
• Heating and air conditioning systems.
• Genuine Honda accessories.

Other Honda Care benefits include a rental car reimbursement of up to $35 a day for up to six days, full commercial coverage, roadside assistance, and 24/7 concierge emergency services access. Under certain conditions, trip interruption benefits are available, so ask your dealer for details.

Advantages of Leasing Your Honda

You can negotiate the ideal mileage limit, down payment, monthly payment, and purchase options with ease at Rydell Honda of Grand Forks. Leasing will grant you a lower average monthly payment and lower down payment rates than you would likely have access to through a car loan. Leasing can save you between 30% and 60% monthly, depending on specific contract terms.

Leasing will grant you a greater degree of freedom than buying. Set your term to the length of the dealer warranty, then switch to another vehicle when that time is up. You'll save a lot of money avoiding the major maintenance bills that come later in a vehicle's life, and you'll be able to experience a broad range of cars, trucks, and SUVs over the years.

If you are leasing vehicles for business use, be sure to keep an eye out for tax deductions you may gain access to. They make lease agreements more than worth it, even at a vehicle fleet scale.

Advantages of Alternative Financing

Through Honda's Leadership Purchase Plan, you can pay to own a car, truck, or SUV with your name on the title, for little to nothing down. Terms on the Leadership Purchase Plan run from 24 to 48 months and involve a $1500 excess wear and use waiver. Mileage allowances under the plan run from 12,000 to 15,000 miles per year. Honda Care GAP coverage is available with this plan.

At the end of your plan's term, you have a great deal of freedom to choose what you'll do with your Honda. Return it and purchase a new Honda, return the vehicle and move on, or buy the vehicle outright for a pre-determined amount. Ask your dealer for more details on end-of-term options for Leadership Purchase Plan alternative financing. You'll be surprised just how flexible the terms can be.

Honda GAP Insurance

In the event of a total loss through damage or theft of your Honda, it is vital that you have the proper asset coverage. Guaranteed Asset Protection allows for the waiving of up to $50,000 in losses. It covers your insurance deductible up to $1,000. Ask your dealer at Rydell Honda to add GAP coverage to your monthly payment and drive on with the peace of mind that can only come from coverage that means a "total loss" doesn't have to be a total loss.

Things to Keep in Mind When Financing or Leasing a Honda

When financing or leasing, you need to keep an eye on how often you drive and how far. If sticking to a pre-determined mileage limit would be difficult given your driving patterns, dealer financing is likely your best option. Read all lease terms carefully and know all of your responsibilities before you accept the contract. Some leases have different requirements related to equipment, part wear, and replacement, while others might have terms restricting your ability to move out of state.

Make your payments on time. Late payments can cause fees to pile up, making your purchase far more costly than it should be. Maintain your auto insurance and find out what your rates would look like during a lease. Loss of insurance often voids lease contracts, and rates vary depending on your method of purchase. The federal reserve board has released a guide to vehicle leasing for the benefit of all car buyers, so take advantage of it and gain a greater understanding of lease offers and their terms.

Special Offers, Credit Checks, and Your Credit Score

Keep an eye out for rebates, incentives, discounts, and special prices. These new car offers can be extremely beneficial. If you play your cards right, you can use them to make your contract far more financially viable than it otherwise would have been.

Inquiries into your credit score are made whenever you apply for financing, so try to keep your applications close together. If you keep them within a 14-day window, it will minimize the impact of the checks on your credit score. Before you look for financing or a lease agreement, be sure to improve your credit as much as possible. This will increase the likelihood of a favorable deal. Maintaining on-time bill payment and low credit balances are simple ways to help your score.

Contact Rydell Honda of Grand Forks

Financing and leasing don't have to be complicated processes. At Rydell Honda of Grand Forks, you'll find a team of dedicated professionals who are more than willing to explain each purchase option in detail. With their help, you'll be rolling down the road in a new Honda in no time.