Alan Day Honda - Honda Finance

Hire Purchase (HP)
Honda Aspirations (PCP)
Honda Contract Hire (HCH)
Protect Your Payments and your Honda

As part of Honda, it’s our aim to help you buy your new and used Honda in the simplest way. Many customers told us that car finance was too complicated and didn’t really suit their circumstances. So, Honda Finance decided to develop a different approach: here, we offer a flexible and convenient range of finance options, explained in simplistic terms. In fact, there’s no easier way to buy a Honda - new or used.

Hire Purchase (HP)

Simply make an initial payment and spread the balance equally over the next 1 to 5 years. Available plans offer fixed monthly payments and a fixed interest rate, so you know exactly what you’ll pay from the start. At the end of the agreement, you own your Honda. Who says you can’t afford it?

Honda Aspirations (PCP)

Who better to finance your Honda than the people who built it? Honda Aspirations is an affordable way to purchase your new Honda. It gives you the opportunity to make affordable payments over a shorter term, typically two to three years. It's a straightforward financial package, designed to make paying for your Honda as simple and rewarding as possible.

A little more about Honda Aspirations.

No matter what happens to market conditions, Honda Aspirations lets you know from the outset what your Honda will be worth as a minimum at the end of your contract. We calculate how long you want to run your new car and what your annual mileage will be. This tells us the Guaranteed Future Value of your car. Then we deduct this value from the on the road price of your car today. Your monthly payments are based on the difference (plus interest and charges). It's that simple.

As you will be driving away with a new Honda every two or three years, you can avoid the maintenance costs of, say, new tyres, a full service, a new battery that often start in the fourth and fifth year of a car's life.

Three great options based on your car's Guaranteed Future Value.

Part exchange:

You can trade the car in, or sell it yourself. Imagine you have kept the car in excellent condition and serviced it up to date. The car could be worth more than the Guaranteed Future Value. If it is, once the Guaranteed Future Value has been paid off with the proceeds, you have profit to keep, which can form part, or all of your deposit for your next Honda.

Return your car:

The market could change through no fault of yours and the resale price of your Honda could fall below the Guaranteed Value. But, as long as your Honda is in good condition and hasn't exceeded the agreed mileage, you return the car to us and have nothing more to pay.

Keep your car:

If you love your car so much, that you don't want to part with it, all you have to do is make the final payment and it's yours to keep. Even if the car is worth more.

Honda Contract Hire (HCH)

Contract Hire is a type of rental agreement from Honda. The individually tailored contract gives you a car for an agreed period and at the end of that period you simply give the car back. All you have to do is insure the car and add petrol; the rest is taken care of. It really is that simple.

Fixed regular rentals together with our optional maintenance package make it easier to budget. Your business doesn't have to worry about reselling the car at the end of the agreement. By avoiding an excessive initial outlay more funds stay in your business.

Honda Contract Hire is an ‘operating lease’ which means that you could benefit from tax advantages that 'outright purchase' contracts don’t enjoy. Also, if you are a VAT registered business a proportion of the rentals may be tax deductible.

Your accountant or financial advisor will be able to advise you of these.

Protect Your Payments and your Honda

Payment Protection Insurance (PPP): When the lift gets stuck, the building catches fire or the washing machine empties itself over the kitchen floor, there are buttons to press, numbers to call and people ready to swing into action.

But not all life’s emergencies come with that kind of backup. If you suffer an accident, illness or redundancy, your monthly outgoings don’t stop just because your income has. The repayments on your car finance are the last things you want to be worrying about. And with a Honda Payment Protection Plan, you don’t have to. We hope you’ll never need us. But if you do, we’ll be the first on the scene.

Guaranteed Asset Protection (GAP): At Honda, we believe it is vital that you should not lose out in the event of a total loss of your car through theft or accident. The problem is that insurance companies pay out what the vehicle is worth at the time of the claim and not what you originally paid for it. This will leave you with a shortfall in the event of an insurance write-off.

Let Honda Finance take care of this! Here’s how: If your car is written off by your insurance company within three years of purchase, Honda GAP will pay you the difference between the original price you paid for the car and the amount your insurance company will pay at the time of the claim. As a result, you will not lose out in any way and you will be in a position to purchase a car of the same value that you originally purchased.