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Financing

The Finance Department at Honda City is dedicated to helping our new and used car customers secure the best financing rates and terms available today. The staff is constantly keeping up to date with the daily changes in the financial markets to make sure we offer the latest financial information to our customers. Due to our strong relationships with many lenders, we are able to offer financing to our customers with great credit, limited credit, average credit and not so great credit. Our finance department is also very knowledgeable in the area of extended service contracts, maintenance plans and many other products designed to enhance and protect your investment.
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Financing Navigation

Contact Information

Schlossmann's Honda City

3450 S. 108th St.

(Hwy. 100 between Oklahoma & Beloit)

Milwaukee, WI 53227
workSales:
866.809.6601

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.