Young couple filling out an online finance application

Apply for Honda Financing Online

Our pre-qualification is a quick and easy way to see where you stand before you step foot in our showroom. Take a few minutes and complete our secure online application from the comfort of your own home today.


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Auto Financing Has Never Been Easier

When you choose AutoNation Honda Covington Pike for your auto financing needs, you can expect:

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Easy Credit

Regardless of your credit situation, chances are we can find a lender and a program to fit your budget.

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Worry-Free Financing

We offer a wide range of finance and lease programs with a menu that makes financing with us clear and simple.

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Straightforward Pricing

You'll receive a low price on new and pre-owned vehicles. So you'll save time and get a great value.


Frequently Asked Questions

 

Is it better to lease or buy a car?

It depends. Leases and loans are simply two different methods of automotive financing. One finances the use of a vehicle; the other finances the total cost of a vehicle. Each has its own benefits and drawbacks. It's not possible to simply say that one is always better than the other because it depends on your own particular situation and preferences. You must not only look at the financial comparisons but also at your own personal priorities and what's important to you.

Do you like driving a new car every two or three years, prefer lower monthly payments, or drive under 10,000 miles per year? Leasing might be the best option.

Do you like to keep your car for longer than three years, drive more than 10,000 miles per year, or enjoy modifying or customizing your car? You should probably consider purchasing your next vehicle.


Lease vs. Buy

Can I trade in my car that's not paid off?

In a word: yes. Trading in a financed vehicle is very common. There are a few things to still be aware of though.

If you are underwater with your current loan (you owe more than your car is worth), the negative equity will be added to the new loan.

If you are not underwater, the remaining loan balance will simply be deducted from the value of your trade-in.

In both cases, we will take care of paying off the lien holder and getting the title for your vehicle. This is one less thing you have to worry about when you trade in your car with us, versus selling it privately. In fact, we will even buy your car from you regardless if you buy a vehicle from us!


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How much should a car down payment be?

It is recommended to put at least 10% down on the purchase of a new or pre-owned vehicle, but as little as $500 can be sufficient in many cases. There is no harm in putting down as much as possible though, and we would suggest aiming for putting down around 20% to help lower your monthly payments.

You don't necessarily need to have this cash on hand though. If you are trading in a vehicle, the value of your trade-in will help cover most of, if not all, of your down payment.

If you are interested in having the lowest possible down payment, taking advantage of our low or no money down lease specials may be your best option. Check out our current lease offers today or contact us for more information.


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Can I finance a used car?

Absolutely! We offer financing on all of our vehicles, both new and pre-owned. In fact, banks typically see lending through a dealership like us as less risky compared to lending to a private party. So when you finance a pre-owned vehicle through us, not only are you are more likely to get approved, you will probably get better loan terms too.

Get pre-approved for pre-owned vehicle financing today with our online finance application, then be sure to check out our complete selection of pre-owned cars, trucks, and SUVs for sale near you!


View Pre-Owned Inventory

Can I get a car loan with bad credit?

Yes! Thanks to our worry-free financing, we are able to offer new and pre-owned vehicle financing to almost everyone, regardless of your current credit situation! Chances are we can find a lender and a financing plan that works for you.

In fact, you can even apply for a car loan from the comfort of your own home today with our fast and secure online finance application. If you have any questions, feel free to give us a call to speak with one of our knowledgeable finance team members. We are dedicated to getting you behind the wheel of a new or pre-owned vehicle regardless of your credit score.


Get Pre-Qualified


Honda Protection Plans

Your vehicle is a big investment, so it's important to keep it protected. [Dealership Name] offers an array of protection plans to help you with mechanical breakdowns, routine maintenance, and unexpected emergencies such as vehicle theft, flat tires, road hazards, spills, and dents. Drive with the peace of mind knowing that your car is protected.

Appearance & Maintenance
Protection

Theft & Investment
Protection



Explore Protection Plans


Shopping Tools


Honda Payment Calculator

Use our calculator tool to estimate your monthly payment amount if you know the price of the vehicle you're looking to finance or how much you want to spend in total.


Estimate Your Payment

Honda Special Offers

AutoNation Honda Covington Pike offers a variety of lease specials and financing offers on popular Honda models. Getting behind the wheel of a Honda has never been easier.


View Current Specials

We'll Buy Your Car

Get a free certified offer and turn your car, truck, or SUV into cash today. Your offer is guaranteed for 7 days or 500 miles at any AutoNation location across the country.*


Get a Certified Offer


Shop by Monthly Payment

Have a monthly payment amount in mind? Our affordability calculator allows you to shop for new and pre-owned vehicles within your monthly budget.**



Your Trusted Honda Finance Center in Memphis

Interior view of AutoNation Honda Covington Pike during the day

Finance a Honda Near Me Memphis, TN

If you're looking for a Honda in Memphis, Bartlett, or Raleigh, AutoNation Honda Covington Pike has not only an extensive inventory but many financing options, too. We can finance both new and used vehicles, and Honda Financial Services works with many credit scores. We can get most people into cars with the loan terms that fall easily within their budgets. 

Located at 1990 Covington Pike, our Honda dealership is just minutes from I-40. Start by taking a look at our many Honda models, like the 

  • Honda CR-V
  • Honda Civic 
  • Honda Accord 
  • Honda Odyssey 
  • Honda Ridgeline

Be sure to also check out our used and Certified Pre-Owned inventory, too. Then, stop by our dealership's Finance Center to apply for financing so you can drive that new car home today. 

Honda Specials and Lease Deals

If you want to buy a new Honda, our finance specials can help you to save money on certain models. Currently, you can enjoy 1.9 percent APR financing on select 2019 and 2020 Honda models.

Leasing a Honda is another way to enjoy a new car with lower monthly payments. If you drive less than 10,000 miles per year, a Honda lease could be a great choice. Plus, at the end of your lease term, you can lease another new vehicle, so you'll always be able to enjoy the newest technologies and drive the latest Honda models. Keep an eye on our Lease Specials page for great discounts and incentives.

How to Finance a Honda Vehicle

Our finance department will help you through every step of the process, but you can start the auto loan approval process online. Just submit some basic personal information to get pre-qualified for a car loan. 

Be sure to also use our Honda payment calculator, which can give you a sense of what your payments will be. You can also browse our inventory according to your desired monthly payments, making your shopping faster and easier.

We'll Buy Your Car

With trade-ins, we'll also buy your used car, truck, or SUV, regardless of whether you decide to buy a new vehicle from us. Just fill out our online application with some vehicle information to get a free certified offer. That certified offer is guaranteed for seven days or 500 miles.

Visit AutoNation Honda Covington Pike in Memphis

Whether you want to finance a new, Certified Pre-Owned, or used car, our Honda financing specialists will work to get you behind the wheel. We're open throughout the week for your convenience. With the wide assortment of vehicles in our store, you'll have plenty of options to choose from. 

Call us at (901) 209-1283 to schedule a test drive or speak with our finance team today. 


Get Pre-Qualified  View Our Inventory



Your privacy is important to us.

[Dealership Name] takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.


*Subject to in-store verification, vehicle condition and mileage. Appraisal valid for 7 days or 500 miles, whichever comes first. See store for details. Some restrictions apply.

** These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Always consult a professional financial advisor.