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Honda Finance

Cruise around in the Honda you want and learn about the financing options to help you get there.

What you need to know

  • Pricing for the Honda range starts at $39,500 for the Honda HR-V, and goes through to the Honda Civic Type R, priced at $73,800 driveaway.
  • Financing options start from 6.19% but go all the way to 24.99% depending on your credit history
  • Depending on your needs, there are other options available like novated leases, commercial hire purchases for business use, chattel mortgages and finance leases for flexible terms without ownership.
$
years
1 - 13 of 118
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
IMB New Car Loan
IMB logo
Fixed1 - 7 Years $2,000 - $125,000
Interest Rate (p.a.)
6.24%
Comp. Rate (p.a.)
6.59%
Application Fee
$274.78
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
You'll receive a fixed rate of 6.24% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Simplify New Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
loans.com.au - New - Variable Rate Special
loans.com.au logo
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
Go to siteMore Info
OurMoneyMarket New Car Loan
OurMoneyMarket logo
Fixed1 - 7 Years $5,000 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
Stratton Finance New Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
RACV New Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
You'll receive a fixed rate from 7.29% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
OurMoneyMarket logo
Fixed1 - 7 Years $5,000 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
Simplify Used Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
Stratton Finance Used Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
Revolut Unsecured Personal Loan
Revolut logo
Fixed1 - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.99%
to 24.99%
Comp. Rate (p.a.)
6.99%
to 21.79%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
loans.com.au - Fixed Rate Used Car < 3 years
loans.com.au logo
Fixed3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.59%
to 8.79%
Comp. Rate (p.a.)
8.7%
to 10.04%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
Go to siteMore Info
RACV Used Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
Latitude Variable Rate Personal Loan
Latitude Financial Services logo
Variable2 - 7 Years $5,000 - $70,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.93%
to 31.83%
Application Fee
$395
Monthly Fee
$13
Monthly Repayment
Go to siteMore Info
Special Finder offer: Establishment fee waived (save $395) for approved personal loan applications submitted through Finder. T&C’s apply. Offer must be taken up through Finder and may be withdrawn at Latitude’s discretion.
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Showing 13 of 13 results

From humble beginnings in a Japanese garage in the 1940s, Honda has come a long way. The company has firmly committed to a line of strong, sleek and safe vehicles associated with the Honda name. Whether it's the Honda Civic that's caught your eye or the CR-V SUV that has you longing, it's understandable considering Honda's standard of excellence.

Vehicles start from a cool $39,500 if you want to zip around in a Honda ZR-V or rise as high as $73,800 if you want the highly acclaimed Civic Type R Sports car. Read on to figure out how to turn your Honda dreams into a reality.

How can you finance a Honda?

There are a range of finance options to choose from in order to fund your Honda dreams. Some of the options include:

  • A secured car loan. A secured car loan offers lower interest rates as the vehicle you want to buy is secured against the loan. Minimum amounts for secured loans start from $3,000 and go as high as $100,000. Considering the Honda ZR-V starts at $39,500, keep this in mind while looking for loan amounts.
  • An unsecured personal loan. An unsecured loan, while having higher rates, offers simple approval criteria and allows you to purchase a used Honda or a Honda that isn't covered by secured finance. Interest rates for unsecured personal loans generally range between 8% p.a. and 18% p.a.
  • Dealership finance. Honda offers a range of personal finance options that can cater to whatever vehicle you wish to purchase. Business finance is also available, which covers a chattel mortgage on the entire range of vehicles as well as the option to choose a novated lease.
  • Novated lease. A novated lease is where you, your employer and a financial institution bundle together the costs of your vehicle and allows you to pay for them using pre-tax dollars.
  • Chattel mortgage. A chattel mortgage is tailored towards business vehicles. Vans are usually your first thought, but other Honda cars can fill in the void of a business car. A chattel mortgage is where the customer takes ownership of the vehicle when they've purchased it, but the loan company takes out a mortgage over the vehicle as security.

How much will a Honda loan cost?

As the prices range from $39,500 to $73,800 throughout the Honda range, the loan you take out in order to purchase a Honda will also vary. It's important to keep in mind the loan terms you've applied for and the interest rate, as this will impact how much interest you owe over time.

It's also ideal to consider the costs of running a vehicle, which include the cost of fuel, insurance and registration. Another cost to consider is the fees that are associated with your loan. This includes monthly fees, transaction fees and late repayment fees.

How do you decide how to finance your Honda?

Making a decision on what finance option to go with can be tough. Some of the features to look out for include:

  • The interest rate. The interest rate you need to keep an eye on is the comparison rate as this is the total cost of the loan per year. For example, if a car loan is offering a 6.2%% p.a. interest rate but the comparison rate is 6.71% p.a., focus on the second rate as that is what the loan will cost you in interest as well as fees.
  • Fees (upfront and ongoing). Many loans require an application fee in order for your application to be considered. The application fee varies across lenders, and some will waive the monthly fee if they have a particularly steep application fee. Other fees to look out for include monthly fees, late repayment fees and transaction fees.
  • Repayment flexibility. Whether or not a loan allows you to tailor your repayments to your pay schedule is another feature to look out for. Some lenders offer weekly, fortnightly or monthly flexibility whereas others might only offer monthly. Keep an eye out!
  • Balloon payments. When your loan term ends, you are required to pay the remaining balance on the loan. This is a balloon payment.

Compare car insurance side-by-side and get quotes

Product FCI Roadside assistance Accidental damage Storm Choice of repairer Agreed or Market Value
Youi Comprehensive
Finder Award
Youi Comprehensive
Optional
Agreed or Market
Summary: One of the only insurers to automatically include roadside assistance. It also won 12 out of the 22 categories in Finder's 2024 customer satisfaction awards.

Winner of 12 out of the 22 categories in Finder's 2024 customer satisfaction awards. Yes, that many.
Budget Direct Comprehensive
Finder Award
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Summary: The 2024 winner of our Best Value Car Insurance award. It's cheaper than most, plus you can lower costs by adding age restrictions.

⭐ Current offer: 15% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Anyone who wants a good value policy.
Qantas Comprehensive
Qantas Comprehensive
Optional
Optional
Agreed or Market
Summary: You need car insurance so why not get one that lets you earn Qantas Points? It's good value too (it's underwritten by the same insurer as Budget Direct).

⭐ Current offer: Earn up to 40,000 Qantas Points with every car insured by 29 January. Plus save 15% on your 1st year’s premium when you purchase online. T&Cs apply.

Who it might be good for: People who want more bang for their buck with Qantas Points.
Youi Comprehensive
Finder Award
Youi Comprehensive
Optional
Agreed or Market
Summary: One of the only insurers to automatically include roadside assistance. It also won 12 out of the 22 categories in Finder's 2024 customer satisfaction awards.

Winner of 12 out of the 22 categories in Finder's 2024 customer satisfaction awards. Yes, that many.
ALDI Comprehensive
ALDI Comprehensive
Agreed
Summary: ALDI's comprehensive insurance policy covers your car for an agreed value and a variety of policy benefits.

Who it might be good for: Ideal for those seeking competitive coverage limits, though other products may have higher limits.
Huddle Black Comprehensive
Huddle Black Comprehensive
Agreed or Market
Summary: This goes further than most insurers. You get up to 2k for stolen keys, roadside assistance and rental car excess cover (for car rentals in Australia).

Who it might be good for: Those who want top cover for their car.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Summary: Our best-rated Car Insurer for Customer Satisfaction in 2021/2022 and Green Insurer for the last 3 years.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those who want a trustworthy insurer and more cover than other brands, such as 3-year new car replacement (e.g. they'll give you money for a new car for up to 3 years if yours is written off).
Australia Post Comprehensive
Australia Post Comprehensive
Optional
Agreed or Market
Summary: Covers a little more than other insurers. You don’t need to pay an excess for windscreen repairs and cover applies to anyone who uses your car.

⭐ Current offer: Get $75 off your first year's comprehensive car insurance premium when you buy online. T&Cs apply.

Who it might be good for: Multiple people using one car.
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Frequently asked questions about financing a Honda

Should I get a new or a used Honda?

Ultimately, that is up to you. There are benefits to buying used and buying new. If you buy used, it's cheaper and you can get a history of the car. If you buy new, you're the only person to have owned that car.

What loan provider should I go with?

Again, this is up to you. Make sure to compare your car loan options using the features outlined above and also check the eligibility criteria to find the right lender for you.

Can I get a used Honda on a secured car loan?

Some secured car loans will allow you to get a used car, but this comes with car age restrictions. For example, with some providers, you are able to get a vehicle that is up to two years old whereas others have a higher car age limit of five years. It varies from lender to lender.
Picture: Shutterstock

Courtney Allan's headshot
Written by

Graduate publisher

Courtney Allan was a writer at Finder covering personal finance. She has written for a number well-known publications and companies including the NRMA. See full bio

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