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What you need to know about Auto Finance Terminologies

Here are some critical auto finance terminologies that you need to know before setting out to look for a vehicle:

Subvention – When a vehicle manufacturer lowers the prices of a vehicle in order to increase sales, this is known as subvention. Payback rebates or lower interest rates are two example of financial assistance that can be granted.

Super Prime – A credit rating that is at the very top of the credit bureau’s scale is referred to as super prime. Lenders are most comfortable lending to those with good credit score. 

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Apply for Your Car Loan or Honda Lease Online with the Team at Val Strough Honda

Auto financing can be complex. There is no doubt that it can confuse even the savviest car shopper. Its complexity is often why it can hold up the car buying process for many customers. At Val Strough Honda, we don't want any of our customers to be discouraged by the purchase or lease of a new Honda car, truck, SUV, or minivan. We want their buying experience to simple and quick. It is one of the reasons that we have an online credit application.

 

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Are You a Recent College Graduate? Check Out the Offers at Val Strough Honda

College graduates have a bright future ahead of them, and Val Strough Honda, in Seaside, CA, is eager to help them travel on that path. If you are a recent college graduate, you may qualify for some special financing offers at our dealership. As you enter the job market, it is important you have an exceptional vehicle for you to start your daily commute. We have a huge inventory of new Honda cars, trucks, SUVs, and minivans from which to choose. Explore our inventory in-person or online.

 

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Lease a New Honda Vehicle from the Team at Val Strough Honda

We know that many car shoppers in the market for a new Honda car, truck, SUV, or minivan may be intrigued by the idea of leasing, but don't know a lot about it. The truth is that a Honda lease is not all that mysterious. Essentially, a lease agreement is just a financing option, like an auto loan. The difference is that you get to keep the vehicle for a predetermined period of time and mileage. Leasing can be a wonderful way of driving a new Honda vehicle at a low monthly payment.

 

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