Welcome to Terrace Honda
Your new and used automotive financing experts
Our Experts Will Light the Way
Welcome to Terrace Honda’s Finance Department, your vehicle loan or lease finance centre. We are here to provide with the best possible financing or leasing options for your new or pre-owned car or truck.
We handle all types of credit, from good to bad, and even if you have no credit, no problem! At Terrace Honda, we have very strong relationships and are committed to finding you the perfect loan company that suits your car financing needs.
If you like the idea of having ownership of your car, prefer paying off your loan, and don’t like the risk of possible lease-end charges, then you should consider finance as an option. As a finance customer, throughout the term of your finance contract, your payments will consist of part principal and part finance charges. Each payment you make increases the amount of equity you’ve built up in your vehicle.
If you enjoy driving a new vehicle every two to four years, want lower monthly payments, to be protected under warranty, drive an average number of kilometres, and can properly maintain your vehicle, then you should consider leasing as an option.
As a lease customer, you pay only a portion of the vehicle’s cost, which is the part that you “use up” during the time you’re driving it and you pay taxes for only your monthly payments vs. the full vehicle price. Signing a lease contract means that you agree to make regular monthly payments, keep appropriate insurance, pay any vehicle taxes and licensing fees, and take good care of the vehicle for the duration of your contract.