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Brighton Honda Finance Department
Brighton Honda Financing


Financing a car can sound scary, but looking into it is necessary when you’re considering purchasing a new car.
Here’s what lenders look at when considering giving you a loan:
  • Your credit score
  • Your ratio of debt to income
  • The size of loan and the down payment
  • Length of the loan
  • Age of the vehicle
If you’re concerned about any of this, know that it is more common than you think to finance a vehicle with help from your dealership. If you’re interested in purchasing a car, your dealership will be able to help, especially because they know the most about the car you want to purchase.
Financing a car through your dealership is also the most convenient method. This is because you can both buy your car and finance it in the same day. Another benefit of financing through your dealer is that they will arrange all of the financing requirements for you, so you won’t need to break a sweat.

Automotive Financing Dictionary

Buying a car should be an exciting time in your life! Of course there are stressful things associated with getting a new car... Financing it! Here at Brighton Honda we walk our customers through their finances and try to help in any way we can! Here are a few terms associated with Auto Financing that will help you better understand the process.

APR - The annual percentage rate is the amount of interest you will be charged per year on your car loan. The lower this number is, the better.

Credit - Your history of how you have handled credit in the past. It shows your ability to pay back a loan on time.
Depreciation - The gradual decline in a car’s value over time.

Destination charge - The cost incurred for transporting the vehicle from the manufacturer to the dealership. It is included in the purchase price of a brand new vehicle.

Monroney sticker - The sticker on a new car window that shows the base price, any installed options, the car’s fuel efficiency, and the manufacturer’s suggested retail price (MSRP).

Title - A legal document that shows proof of ownership for a vehicle.

TT&L - This refers to Tax, Title, and License and is a fee associated with purchasing a vehicle.

If you have any questions during any step of the car-buying process, please don’t hesitate to ask. Our friendly financial assistants here at Brighton Honda will be happy to make your experience better and easier.
Looking to Finance Your Next Honda Near Ann Arbor?

Our Finance Team is committed to helping our Customers with their Credit Approval needs. Our Dealership has access to millions of dollars of credit from a variety of Lending Sources, and as a result, we are able to provide you with more options. Good Credit, Bad Credit, No Credit... We are here to help! Call one of our Finance Managers today, (810) 494-6100.

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Contact Information

8294 W Grand River Rd
Brighton, MI 48114
Phone: (810) 494-6100
Fax: (810) 534-5111
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