Finance Center
Gurley Leep Honda Finance Center
We're here to help you buy your new vehicle!
When it comes to buying or leasing a new or used vehicle, finding the vehicle you'd like to drive home is only half the journey. The other half is finding a finance option that suits your unique needs! Fear not, the finance team here at Gurley Leep Honda is ready to work with area drivers to find an auto loan, leasing deal, or finance package! From our team of finance professionals to our array of digital retailing tools, drivers can look forward to a distinctly modern finance experience at Gurley Leep Honda!
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Smart Honda Des Moines
Honda of Altoona
Auto Finance Vocabulary
APR
The Annual Percentage Rate charged on your loan.
Assignment
A transfer of a loan from one lender to another.
Base Price
The cost of a car with standard equipment, incentives & freight.
Title
A legal document issued by a state at the time of sale.
Co-signer
A person who takes on a loan if the original borrower stops paying.
Default
Failure to meet the terms of the loan.
Interest
A percentage charge applied for borrowing money via a loan.
MSRP
Manufacturer's Suggested Retail Price.
Refinance
When one loan is used to pay off another, often for better terms.
Term
The length of the loan — typically 24, 48, or 60 months.
Underwriting
The process of verifying the data used to obtain a loan.