What happens if I miss a payment?

If you miss a payment with Honda Financial, there are a few consequences to consider. Firstly, there may be a late fee applied to your account. This fee can vary depending on your specific contract and the terms agreed upon. Secondly, missing a payment can negatively impact your credit score. This can make it more challenging for you to secure loans or financing in the future. Additionally, Honda Financial may also take actions to reclaim the vehicle if the missed payment remains unresolved. It is recommended to reach out to Honda Financial as soon as possible if you are unable to make a payment to discuss potential options and avoid further complications. Remember, open communication is key in finding a resolution.