As of April 1, 2022, Honda has started offering an 84-month financing option to attract buyers to the brand. Previously, the longest financing term that customers can avail from Honda Financial Services was 72 months.
According to a bulletin sent to dealers, obtained by CarsDirect, the automaker said that the decision to offer the longer financing term is based on feedback from its network of dealers. The seven-year financing term can be attractive to some car buyers who are looking to purchase a Honda with lower monthly payments. However, the flexible financing option is not without a drawback.
