Honda Finance Rates floating just under 6% APR maintains affordability for high-value models, important for year-end projections. Auto industry research links this affordability to incremental sales growth, which may alter market consensus on Honda’s fiscal outlook. Michelle and her husband currently owe $65,000 on a Honda Prologue, an electric SUV, but the market value on Kelley Blue Book is only $30,000 for a trade-in, according to Michelle. On their other car — which still has $45,000 left to pay off — the market value is just $27,000. This complicates the trade-in process because it means consumers would owe money when trading in a vehicle, rather than getting a discount. Given the difficulty this creates, many dealers are frustrated with ballooning term lengths. In current economic modeling, Honda Finance Rates of about 5.9% APR help estimate Q2 vehicle financing volumes, indirectly influencing HMC earnings projections. Equity strategists suggest this could yield modest upward revisions in 2024 guidance if retail loan uptake stays strong.
