Your Auto Financing Questions Answered in Elmhurst, IL

Don’t stress over the financing process — the finance team here at Honda on Grand has your back. Instead of sitting in a finance office for hours completing tedious paperwork, you’ll get in and out seamlessly. After all, you want to start making memories in your new ride , not spend a whole day at the dealership! Luckily for you, we’ve been securing loans for years for many guests from all across Addison, Chicago and Villa Park. Have some questions about the financing process? We figured, so that’s why we’ve created a list of answers to some FAQs we hear from our customers. Read on to learn more!

Our Financial FAQs

What is the range of credit scores?

Per Equifax, credit scores can be between 300 to 850. The scale is broken down into the following ranges:

So, the higher the credit score, the easier it is to have financing options. However, no matter where your score lands in the list of ranges, Honda on Grand can work with you to obtain the right financial plan for you.

How can I improve my score?

Keep in mind that while you may not see immediate results, there are some steps you can take to improve your credit score. First things first, you want to check your credit report for any possible errors by requesting your report from one of the three credit bureaus: TransUnion, Experian and Equifax. Next, you want to make your payments on time and in full. Last but not least, we recommend that you stay below your credit limit by as much as possible — this is a sure way to have a positive impact on your score.

How much will my monthly payment be?

Don’t worry about crunching numbers with a pen and paper — you can do it on our website! Since you now know what your credit score is and have a good understanding of the interest rate you’ll receive, you can utilize our online payment calculator to estimate what your future monthly payments will look like.

How do I get pre-approved?

Getting pre-approved is a piece of cake when you do it through us! Our online application makes it so that you can jump-start the car-buying process from the comfort of your home. Simply provide us with your contact information, employment history and the new Honda or pre-owned model you wish to take home. If you’re nervous about getting approved, we encourage you to apply with a co-signer if you’d like to improve your chances. However, our team has worked with many customers with various financial backgrounds, so we’re experienced enough to help you find the best possible solution.

Still have questions we haven't answered? Please don't hesitate to reach out. You can contact us online or stop by Honda on Grand at 300 W. Grand Avenue, Elmhurst, IL 60126. We welcome customers from Addison, Chicago and Villa Park.