Finance Center

Honda Auto Loans in Arlington, TX

Almost no one who goes in to buy a new or used vehicle can afford to buy the kind of car they want outright with cash. So there needs to be some element of financing involved. Honda auto loans are the solution for many people, but at the beginning, most buyers worry that their credit simply won't be good enough to obtain the financing they need to buy the car they want. We would love to put your mind at ease. Financing a vehicle at Vandergriff Honda is a stress-free process. We report to you every step of the way and realistically gauge your situation so that you can take out an auto loan that won't put you in a dire financial situation.

Is Financing a Car a Good Idea?

It's reasonable to ask yourself if financing is even a good idea. If you have a decent income or an income that enables you to make your monthly payment, of course it's a good idea to finance a better car than you could buy outright. Realistically look at your financial situation. Can you make your monthly payment for the duration of your auto loan commitment? If so, it's a good thing, and paying on time means you are even building your credit as you go along.

Other benefits of financing a car include:

  • Being able to drive your car as much as you want, whenever you want, because it's yours to drive
  • Having resale value later on when you're ready to trade it in for another model
  • You're getting a much better quality car than you could get if you'd paid in cash
  • You can take advantage of many perks dealerships put up for financing (Free gas or free service for a year among two that dealerships often use)

All of these things are great reasons to go ahead and finance your vehicle, providing you can realistically pay off your monthly payments on time.

Is There a Minimum Credit Score to Finance a Car?

The average credit score to get a new car with a low interest rate is 714. This is the average, not the top of the line credit score, though, and it's certainly not the ONLY credit score that will put you behind the wheel of a vehicle. Dealerships often go as low as 500 on a credit score and STILL approve you for an auto loan, even though it's going to be at a much higher interest rate. The moral of the story is that you don't have to give up on financing if your credit score isn't all that great. Our dealership works with many average or bad credit buyers who get approved for financing by us. Don't give up on yourself! Our team will work with you to make sure that you know the vehicles you could get financing for. Even if you can't get the first choice, there are other many great vehicles you can get approved for. As long as you are willing to pay a bit higher interest rate to get the car you want, we can usually put you behind the wheel of that favorite car, truck, or SUV. The only way to know is to apply today.


Contact Parts Dept.

Vandergriff Honda

1104 W. I-20
Directions Arlington, TX 76017

  • Phone: 844-875-1785

Hours

  • Monday 9:00 am - 9:00 pm
  • Tuesday 9:00 am - 9:00 pm
  • Wednesday 9:00 am - 9:00 pm
  • Thursday 9:00 am - 9:00 pm
  • Friday 9:00 am - 9:00 pm
  • Saturday 9:00 am - 9:00 pm
  • Sunday Closed