Originally scheduled to end on December 31, 2012, the "Honda Financing Options" program has been extended by Honda Cars Philippines to January 31, 2013.
The extension means more than just stretching the program by another month. More banks have joined the program, for starters, with BPI Family Savings Bank, RCBC Savings Bank and PS Bank joining Unionbank, Banco De Oro and Eastwest Bank.
Another treat for Honda customers is that, for the first time through the program, Honda vehicles may now be availed with a down payment of as low as 10 percent. Customers may also opt to avail of the special interest rates of as low as 5.43 percent for the low monthly scheme, or an all-in package inclusive of chattel mortgage fee, LTO registration and one-year comprehensive insurance. For those who avail of the program through Eastwest Bank, there's also the added three-year preventive maintenance service.
Finally, Honda is offering a P25,000 discount for all City variants and for the 1.8-liter Civic E AT variant, and as much as P130,000 for the CR-V and P150,000 for the Accord. The discounts may be utilized by customers to avail of the Honda insurance or purchase accessories, and/or use them as financial assistance applied to the Honda Financing Options.
The program's main selling point is that it provides customers "with true savings through low down payment, low interest rates and all-in packages," which can be verified by the total payment computation for their vehicle. As an example, the City 1.3 S MT can be availed through the program for as low as P49,600 cash-out with the low down-payment scheme plus P25,000 discount, subject to bank approval.
Time to check out a new Honda today?