🧾 Thinking of Refinancing Your Honda? Here's What You Need to Know

If you're currently financing a Honda Civic, CR-V, Accord, Pilot, Ridgeline, or any other Honda model and want to reduce your interest rate, monthly payments, or overall loan cost, refinancing your auto loan through CarRefinancing.ca could be a smart move. Here's how it works and what to consider.

✅ Why Refinance Your Honda?

Refinancing allows you to replace your existing car loan with a new one — often with a better interest rate, more flexible terms, or lower monthly payments. You might consider refinancing if:

• You've improved your credit since you got the loan
• Interest rates have dropped
• You want to reduce your monthly financial burden
• Your current lender doesn't offer the flexibility you need
• You want to pay off your Honda faster

🔍 Real-World Example

Before: John financed his 2020 Honda CR-V with a 7.99% interest rate for 84 months.

Now: He refinances through CarRefinancing.ca at 5.49% for the remainder of his term, saving over $2,100 in interest and $54/month on payments.

🔄 Refinance vs. Trade-In

Most car dealers will push you to trade in your Honda to get into a new vehicle. But if you're happy with your car and just want lower payments, refinancing might be the smarter, more affordable route.

CarRefinancing.ca can help you compare both options:

Refinance your current Honda loan



OR get matched with a Fulfillment Partner if you’re considering a trade

📋 How to Refinance Your Honda in Canada

Check your current loan details

Know your remaining balance, interest rate, and payment schedule.

Check your credit score

Higher credit = better refinance rates.

Apply through CarRefinancing.ca

We'll match you with lenders who can offer better terms on your Honda.

Review your new loan offer

Compare rates, payment amounts, and terms before accepting.

Finalize your refinance

Your new lender will pay off your old loan, and you'll begin payments under the new agreement.

🧠 Things to Consider Before Refinancing Your Honda

• Is there a prepayment penalty on your current loan?
• Do you owe more than your Honda is worth? (aka being "upside down")
• Is your Honda still in good condition and under 10 years old?
• Is the new loan really saving you money after fees?

💡 Pro Tip:

Refinancing works best if your vehicle has retained value, like many Hondas do. The Civic, CR-V, and Accord are known for high resale value — making them excellent candidates for refinancing.

🧰 Tools for Honda Owners on CarRefinancing.ca

✅ Free Loan Comparison Tool

✅ Refinance Payment Calculator

✅ Pre-Qualification with No Impact to Credit

✅ Access to lenders like CIBC, AutoCapital, Scotia Auto, and more

🏁 Next Steps

Still making payments on your Honda? Don’t overpay on interest. Whether you drive a Honda Fit or a Honda Passport, let us help you secure a better deal.

👉 Apply Now on CarRefinancing.ca to see if you qualify for a lower rate and better payment on your Honda today.