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How Does Leasing a Vehicle Affect Your Credit?

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When it comes to getting behind the wheel of a stylish and tech-filled new Honda car at Heritage Honda Parkville, leasing is a popular choice. Compared to financing, it offers lower monthly payments, more flexibility, and the ability to enjoy the latest Honda models when they are first released. One of the most common questions that our finance professionals receive is, “How does leasing a vehicle affect your credit?” — here is the answer.

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Honda Financial Tips for Shoppers on a Budget

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Choosing a Honda car is a smart financial decision — this automaker provides an industry-wide reputation for reliability, fuel efficiency, and excellent resale value. Fitting any vehicle purchase into a tight budget requires careful planning, especially for Parkville, MD drivers who are more budget-conscious. Here at Heritage Honda Parkville, we have a few Honda financial tips for shoppers on a budget.

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Tax-Time Honda Financing Tips

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If you’ve received a tax refund recently, you may consider putting it towards Honda financing. Drivers looking for a new vehicle will find several uses for their refund, and the Heritage Honda Parkville team can recommend how to spend your return. Here are some tax-time Honda financing tips straight from the financial experts.

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Honda Financial Tips for Tax Time

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With tax time looming, now is the time to think about what you may owe to — or perhaps what you could be getting from — Uncle Sam. And if you’re thinking about buying or leasing a car sometime soon, taxes could play a big role in your decision. The Honda financial center at Heritage Honda Parkville has some tips that can come in especially handy this time of year.

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Can I Defer a Honda Payment?

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It happens to the best of us: an unexpected expense arises or we forget about something we need to buy, and suddenly our monthly car payment goes on the backburner. If you find yourself in this situation with your Honda car, the worst thing to do is nothing. It’s important that you take action, and here’s what you should know about deferring your Honda payment.

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Honda Financing Tips: How to Improve Your Credit Score

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If you’re planning to buy a Honda car and will be financing the purchase, it is important to understand that credit will play a role. Lenders will look at your credit score to first determine if they will give you a loan and, secondly, what your interest rate will be.

This is why it’s in your best interests to raise your score even before starting the Honda financing process, and there are some ways that you can do this.

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Tips for Auto Loan Approval

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If you're applying for a car loan, you probably want to do everything in your power to boost your chances of getting approved. At Heritage Honda, the experts in our Honda financial department do everything that they can to help drivers finance the new car of their dreams, but there are also some things that you can do to improve your chances of securing that car loan.  

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