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Honda Aspirations
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| Honda Aspirations is one of the most affordable ways to finance your
new or used Honda and it also gives you a choice of three options at
the end of your agreement. Here’s how it works: |
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Firstly, the best bit: you choose the Honda you like.
Then, based on your annual mileage, we calculate a Guaranteed Future Value.
This Guaranteed Future Value is the minimum that your Honda will be worth at the end of the agreement.
You then decide on a deposit and repayment term to give you the monthly payment to suit your budget. |
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| When it comes to the end of the agreement you have three options based on the Guaranteed Future Value. You can Part Exchange your car, return your car or you can keep it. |
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| Part Exchange |
| You can trade the car in, or sell it yourself. Imagine you have kept
the car in excellent condition and had it regularly serviced. The car
could be worth more than the Guaranteed Future Value. If it is, you
have profit to keep which can form part, or all, of your deposit for
your next Honda, once the Guaranteed Future Value has been paid. |
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| Return Your Car |
| The market could change through no fault of yours and the price could
fall below the Guaranteed Future Value. In that case, as long as the
car is in good condition and has not exceeded the agreed mileage, you
can return the car to us and have nothing more to pay. |
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| Keep Your Car |
| Should you still be in love with your car, you can keep it. All you
have to do is pay the Guaranteed Future Value and that’s all we would
charge, even if the car is worth more. |
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| The benefits Honda Aspirations gives you are as follows: |
| With Honda Aspirations, the monthly payments are calculated on the
difference between the OTR price and the Guaranteed Future Value (plus
interest and charges). |
| “Which means that you have a shorter finance agreement and lower monthly payments than a traditional finance agreement” |
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| The market can change but as Honda guarantees your car’s minimum future
value at the start of the agreement, you know what your car will be
worth at the end of the contract |
| “Which means that the value of your car is protected.” |
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| Because you could be driving a new Honda every two or three years you
can avoid those maintenance costs that normally start in the fourth and
fifth year of a car’s life |
| “Which means that Honda Aspirations reduces your future repairs and
maintenance costs which can occur in the later years of a car’s life.” |
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So, in summary, with all these benefits Honda Aspirations really is the most effective way to purchase your new or used Honda.
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