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HOW WE’VE APPROVED MORE THAN 300,000 PEOPLE

Bad Credit Car Loans

If you’re facing challenges getting approved, Honda Red Deer has solutions for almost every credit situation. Our financing tools and credit specialists will help you get back behind the wheel with affordable auto loans.

In-House Financing

Honda Red Deer offers convenient in-house financing solutions that will get you on the road fast. We report our loans monthly to the major credit rating suppliers in Canada so your creditors know you have a car loan in good standing.

Our Finance Partners

In addition to Yes Plan Financial, our in-house finance company, we also work with other world-class financial institutions to give our customers access to the best car financing rates and the widest variety of options.

Alberta Treasury Branch

Bank of Montreal

Bank West

Chrysler Financial

Carfinco

Ford Credit

FinancialLinx

First Calgary Savings

Royal Bank

Scotia Bank

Scotia Dealer Advantage

Servus Credit Union

TD Canada Trust

VFC

WS Leasing

Dominion Leasing

OUR CAR LOAN SPECIALTIES

No Credit

Buying a new car is a great way to establish a credit score, and Honda Red Deer can help you get credit for the first time. Stop waiting and get on the road.

Bad Credit

Our finance sources provide offers to accommodate most credit profiles. Even with past problems, you will still get the credit you need, the car you want, and the respect you deserve as a Honda Red Deer customer.

First-Time Buyer

Many Honda Red Deer Customers qualify for financing on their very first purchase. Even if this is the first time you’ve bought a car, we can offer you a number of options.

Financing Benefits

Being the biggest auto group in Canada, we have the ability to set up our own financing solutions in order to help our customers get driving. You could say we set our own rules.

ESTIMATE YOUR CAR PAYMENTS

FINANCE VS LEASING: WHICH IS BETTER?

What are your goals? We all have different priorities — in cars, life, and finances. When deciding on leasing vs. financing, what’s right for one person can be totally wrong for another.

Generally, leasing offers lower monthly payments than financing, as well as the benefit of owning a new car every two or three years. However, financing offers its own set of advantages.

Luckily, we have a team of financial experts who are happy to help you find the best option for you. Call Honda Red Deer at (403) 347-7700 to book a free consultation.

Is leasing better for me?

You Want

To drive a new car every two or three years
Lower monthly payments
The latest safety features and a car always under warranty

You Don’t Mind

Trading in or selling used cars privately
Building ownership equity

You Have

A stable, predictable lifestyle
An average number of miles to drive
No problem properly maintaining your car

If this sounds like you, then leasing may be the best option for your needs

Is financing better for me?

You Want

To build up trade-in or resale value (equity)
Complete ownership of your car
The feeling of being payment-free after paying off your loan
The freedom to customize your car
To drive your car for a long time

You Don’t Mind

You Have

To drive more-than-average miles
Possible lifestyle changes in the near future

If you prefer to own your vehicle outright, and plan to own for the long-term, then financing will be your best option

FINANCE VS LEASING: COST COMPARISON

For the same car, same price, same term, and same down payment, monthly lease payments will always be 30%-60% lower than loan payments. This is still true even when compared to 0% or low-interest loans.

The medium-term cost of leasing is about the same as the cost of financing, assuming the buyer sells or trades his or her vehicle at loan-end and the leaser returns his or her vehicle at lease-end.

Some comparisons sometimes show that financing can cost a little less than leasing due to fewer fees, lower total finance costs, and the assumption that a purchased vehicle will return full market value if it is sold or traded at the end of the loan. However, when the benefits of wisely investing monthly lease savings are considered, the net cost of leasing can be less than financing.

The long-term cost of leasing is always more than the cost of financing, assuming the buyer keeps his vehicle after loan-end. If a buyer keeps his car after the loan has been paid off, and drives it for many more years, the cost is spread over a longer term. That means the cost of buying one car and driving it for ten years is less expensive than leasing or buying four or five different cars over the same period.

If long-term financial cost savings were the most important objective in acquiring a new car, it would always be best to buy the car and drive it for as long as it survives, or until the cost of maintenance and repairs begins to exceed the cost of replacing it. However, many automotive consumers have other more immediate objectives that are more important than long-term cost savings.

Frequently Asked Questions

Depending on the specifics of your purchase, you may be required to bring additional information. For a complete list of what you’ll need to buy or trade in a vehicle with Go Auto, call the dealership ahead of time and speak with a Sales Consultant.

The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment.For example, if you make $2,000 a month you should spend no more than $300 on your car payment.

Your credit score is a number that helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Typically, your credit score ranges from about 350 to 850, and is essentially meant to forecast how (and if) you will pay your bills. In general, the higher your credit score, the more likely you are to get approved for a car loan.

The systems that generate your credit score look at your credit report, and take several factors into account when determining your credit score, including, for instance, your payment history, and the number of inquiries made on your credit report.

Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, including:

Do you prefer to drive a new vehicle that will always be under warranty every few years? That’s one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing.

There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are Happy to Help you find the best option for you. Call (780) 777-7777 or any Go Auto dealership to schedule a free consultation.

1 - Incentives are provided by a 3rd party in real time and are not guaranteed as accurate by
Go Auto. For guaranteed, up to date incentives and vehicle pricing, please contact Go Auto or any Go
Auto dealership. Go Auto Vehicle Price may reflect incentives and may not be available as the finance or
lease price.
Finance and Lease payments are estimates only based and are OAC. Not all Cash and Finance and Lease
Incentives can be combined.
Financing on stock #6FO2680 for
84 months at
4.99% cost of borrowing
$3718.39. Prices include all applicable fees and taxes,
except GST, PST and HST (Where applicable).