Unique financing treat for Honda car buyers

With more banks signing up, Honda Cars Philippines has expanded its financing schemes that customers may avail through the Honda Financing Options program.

This year, the HFO program has signed up BPI Family Savings Bank, RCBC Savings Bank, BDO, PS Bank, Eastwest Bank and Unionbank.

Unlike the usual financing schemes that offer huge discounts (but eventually recover this through astronomical interest rates), the Honda Financing Options program provides customers with true savings through low down payment, low interest rates and all-in packages.

HCP informed that this can be verified by the customers’ total payment computation for their vehicle. As an added treat, customers may get P25,000 up to P150,000 discount for certain models.

The HFO program and discounts are offered until Jan. 31, 2013.

Up to 10 percent

For the first time through the HFO program, Honda vehicles may now be availed of for as low as 10-percent down payment.

Customers may also opt to avail themselves of the special interest rates of 5.43 percent for the low monthly scheme or an all-in package inclusive of chattel mortgage, LTO registration and one year comprehensive insurance as well as an inclusion of a three-year preventive maintenance if customers avail from Eastwest Bank.

To further entice buyers, HCP is also offering P25,000 discount for all City variants and Civic’s 1.8 E AT model; and as much as P130,000 for the CR-V.

Discounts may be utilized by the customers to avail of the Honda insurance, purchase accessories, and/or as financial assistance applied to the HFO program (for example, a City 1.3 S MT may be availed of through the HFO program for as low as P49,600 cash-out with the low down payment scheme plus P25,000 discount, subject to bank approval).

For more information, customers may call the Honda Hotline at 8577240 or the toll free hotline at 1-800-1000-Honda from Monday to Friday, 8 a.m. to 5 p.m., or e-mail [email protected].