Get financing in simple steps
If you need a car but don’t have the money to pay for it in cash, there are options available to you: financing or leasing.
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This has no impact on your credit score
Financing your Honda
vehicle is easy
Get pre-approved online
Use our online calculator to find the best option for your situation.
Pick your payment
Your credit score has an impact on your interest rate. Check your status with no impact on your score! We offer financing options for all credit situations.
What’s my credit score?
We’ve partnered with Equifax to empower you to find out your credit score and assist with your vehicle financing needs.
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This has no impact on your credit score
Benefits of
Go Honda financing
Whatever your situation, we’ll get you the right monthly payments. Pay for your vehicle by borrowing, leasing, or with cash in the form of a certified cheque or bank draft.
First-time buyer
Some car buyers, including young people, don’t have a credit history, a down-payment, or a vehicle to trade-in. Don’t worry! We work with Canada’s big banks and we’ll get you flexible financing or leasing options.
Bad or no credit
A bad credit score, refused a bank loan, or bankrupt? Our solutions cover all kinds of credit situations. Our financing specialists can get you an affordable solution that suits your budget.
Newcomers to Canada
When you move to Canada, you may not realize that your credit score doesn’t move with you. The good news is that we can still qualify you for a loan, and you’ll soon be driving away with your first car in Canada!
High rate on an existing loan
If you have an existing loan and think you’re paying too much, we can help. Our parent company, Go Auto, can buy out what you owe and get you a better finance rate and lower payment.
Finance vs. lease?
When deciding on financing versus leasing, what's right for one person can be totally wrong for another.
Employment & income
Typically, you need to be at your current job for three or more months and make at least $1,800/month. Other forms of income (certain types of government assistance) may also be accepted.
Down payment
Although a down payment isn’t always necessary, it will often help. The less you have to finance, the more likely the lender will be to approve your car loan.
Driver’s license
It is necessary to have a valid driver’s license and be the age of majority in the province that you live in.
Current address
To complete your loan documents, you must provide the lender with your current address details, including your monthly rent or mortgage payment.
Bank account
Lenders want to be able to take the payment out of your bank account each month. The easiest way to do this is to get a void cheque or stamped pre-authorized payment form.
Contact details
You will be required to provide your full name, date of birth, phone number and email address to apply for a car loan.
Get the new Go Auto App
Download the Go Auto App to start earning Go Card rewards today!
Paying off your loan early
Most banks let you pay off what you owe after some time has passed, and for most banks, that time is six months. Ask your bank or us how if this is possible.
Changes to payments
Almost all lenders let customers make lump-sum payments or increase their regular payments. Contact us or your lender for details.
Extending a loan term
Once your loan is in place, most lenders won’t extend the financial agreement. Check with Go Honda’s finance specialists or your lender to find out if an extension is possible.
Car loan insurance
We all know about car insurance, but did you know you can insure your car loan, too? How would you make your regular payments if you lost your job or became ill? Insurance can protect you. Ask Go Honda about this kind of insurance.
Affordable financing
If you have a low income, we have a solution for your auto needs! Earning $1,800 a month or more can mean you can borrow for a car.
Switching a loan to another vehicle
Want to change vehicles but have a car loan? We can help. We’ll help you select your next car, pay off what you owe, and add any outstanding amount to your new agreement.
Getting a Go Honda car loan and managing it
How long does it take Honda finance to approve a loan application?
Approval is quick and easy. With all the documents and information in place, it can happen in minutes! Keep in mind that each lender has different approval processes. Some lenders can take a few hours or a couple of days.
Is the pre-approval a hard query of my credit rating?
No, pre-approval is a soft query and does not affect your credit rating.
Could I be declined after approval?
Sometimes, but not very often. It can happen if there's a problem with a credit check or your documents.
What credit score do you need for Honda 0.9% financing?
A credit rating of 760 or higher is considered excellent credit, which is what you need for low-interest borrowing, however, HFS doesn’t make its credit scores public. The good news is that we and the banks we work with sometimes have promotional finance offers. These include 0% finance, low-interest rates, cash-back offers, or price reductions.
Contact us at 780-483-4024 for details about current offers.
How do I check my Honda finance balance?
If you borrowed from Go Honda, go to YesPlan to check your balance or make a payment.
Honda Financial Services is where you can check your HFS balance. And if your loan is with a bank, call them or go to your local branch for balance details.
Is it better to pay car payment twice a month?
Paying twice a month, once a month, or weekly won’t affect your credit score. The important thing is that you select a payment schedule that works for you and your budget.
How much should you put down on a car?
The more you put down as a payment, the lower your payments will be. Lenders all have different requirements for a down payment. Some ask for no down payment.
