New Vehicle Specials

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New Honda Vehicle Specials Available Near Painesville

If you’ve been thinking about upgrading to a new Honda to help you take on the Willoughby roads, be sure to explore our new vehicle specials. Our new vehicle specials will allow you to take advantage of special Honda interest rates for 2023 so you can enjoy an impressive new vehicle without overspending. Driving a Honda around town means you’ll get to enjoy a comfortable and reliable vehicle that’s dedicated to making you satisfied on every adventure.

While you can visit other dealerships to find a new Honda, we offer special financing rates that aren’t available anywhere else. Learn about the Honda finance interest rates we’re offering today at Honda of Mentor and continue reading to have these questions answered:

  • Why are car interest rates so high?
  • What interest rate is Honda offering?
  • Why should you come to Honda of Mentor for a new Honda?

Why Are Car Interest Rates So High?

While the Honda interest rates for 2023 are impressive when you work with our team, why are car interest rates so high in general? The simple answer is inflation. You may have noticed that the cost of goods is steadily rising and to help combat this inflation, the Federal Reserve raises the benchmark interest rate. As the benchmark interest rate is increased, banks and lenders also raise their own interest rates.

The reason for this is to reduce demand and as demand falls, prices of goods can decrease and as a result, inflation can also go down as well. However, increased interest rates can make it difficult for Eastlake drivers like you to purchase a vehicle. Fortunately, we can help you enjoy outstanding Honda interest rates for 2023 with the new vehicle specials we’re providing. Be sure to talk to our finance experts for more information.

What Interest Rate Is Honda Offering?

So, what interest rate is Honda offering? Honda finance interest rates can vary greatly depending on your specific situation. We recommend you explore our new vehicle specials and work with our finance experts for more details. Keep in mind that while you can experience lower interest rates with our new vehicle offers, there are several factors that can affect your interest rate that include:

  • Credit history
  • Loan term length
  • Vehicle price
  • Down payment amount
  • And more

Explore Fantastic Honda Finance Interest Rates With Honda of Mentor

When you’re ready to upgrade to an exciting and comfortable new vehicle for your Mentor travels, be sure to explore the fantastic Honda finance interest rates we offer. Best of all, opting for our new vehicle specials not only allows you to enjoy a lower interest rate but you’ll also be able to take advantage of the Honda Service Pass which provides 2 years/24,000 miles (whichever comes first) of complimentary service. Let us know if you have any questions!