At Gates Honda, we want to put you in the perfect vehicle for your needs, whether that is a new Honda model or one of our used vehicles. Regardless of which vehicle you purchase, however, you will need to sort out financing options. This is where Gates Honda can make things smooth and easy for you.

While securing an auto loan may seem like a daunting task, it really isn’t that bad when you break it down. It helps if you do some work in advance, however. The first thing you should do is request a copy of your credit report from the three leading credit reporting agencies. You should look over each report to make sure it’s accurate. If you notice any mistakes, you need to take action to have them corrected.

Next, you need to create a budget. You should approach your budget with a dual mind set. First, you need to determine the amount you can afford to put down when you purchase a vehicle. You then need to figure out how much you can afford to pay on your car loan every month. Keep in mind that your loan payment will not be the only automotive expense you’ll need to cover every month. You’ll also need to pay for fuel, insurance, and maintenance.

With your budget set and your credit reports accurate, it’s now time to get pre-approved for a loan. You can submit an application to get pre-approved by Honda Financial Services on our website. Alternatively, you can swing by our Honda dealership near Lexington, KY to work with our finance experts directly.

Whether you want a new or pre-owned vehicle, we make the car loan process easy at Gates Honda. Stop by today!