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Financing

 


Rensselaer Honda is here to help
obtain financing for your next vehicle!

Having problems getting a car loan? Do you feel that you are not getting the credit you deserve? At Rensselaer Honda it’s simple. You’ll get the credit you deserve! No matter what. Let one of our credit counselors help you. It’s completely confidential.

We can help customers who are unable to obtain loans through conventional lending sources. Our FREE service can help most people with special finance needs get behind the wheel of their next vehicle.

Our safe and secure online credit application questionnaire will be used by our participating dealers to secure financing. Apply NOW!


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FAQ

Q: What are the interest rates for my auto loan?
Interest rates are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk. Your Rensselaer Honda auto loan expert will explain these factors, and tell you exactly what your interest rate will be.

Q: Will it help if I have a co-signer on the loan?
If your co-signer has good credit status, this will definitely help your chances of getting an approval.

Q: How long does the application process take?
Rensselaer Honda will contact you very promptly with the status of your loan request. The approval process is usually within several minutes to a few hours.

Q: Do you have a Special Finance program for new cars or used cars?
We handle both new and used cars. We work with several different local lenders. Our financing experts will help you determine the best situation for you.

Q: Can I get an auto loan even if I have bad credit?
Of course! Our financing experts will work with you every step of the way to help you get approved!

Q: Are there any fees associated with your auto loan application?
This is a completely free service.


Contact our Finance Team anytime. Visit our Contact Us page for more information.

Or call Glenn Babineau, Finance Manager now on 518-279-1171
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Financing Navigation

Contact Information

Rensselaer Honda

770 Hoosick Rd

Troy, NY 12180
workSales:
866-543-2413
serviceService:
866-677-0692
partsParts:
888-234-2197

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.