Honda Aspirations
Get a guaranteed future value for your Honda
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:
- Firstly, the best bit: you choose the Honda you like.
- Then, based on your business’s 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.)
- 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 business.
When it comes to the end of the agreement, your business has three options based on the Guaranteed Future Value: it can Part Exchange the car, return the car or you can choose to keep it and the car will stay in your business.
Part Exchange
The car can be traded in, or it can be sold. Imagine, the car is in excellent condition and has been regularly serviced. It 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 businesses deposit on the next Honda, once the Guaranteed Future Value has been paid.
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.
Keep your car
Should your business still need to keep the car, you can. 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.
The benefits Honda aspirations gives you are as follows:
- Businesses who favour ‘owning’ their cars tend to fund them over 4/5 years, to keep their payments low. 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, leaving more funds in your business and improved cash flow. Your monthly payments also don't incur VAT and the interest you pay can be offset against tax.”
- The market can change but as Honda guarantees your car’s future value at the start of the agreement, you know what your car will be worth as a minimum at the end of the contract.
- “Which means that the value of your car is protected.”
- Honda Aspirations gives the business the option of eventually owning the vehicle, therefore on your balance sheet it is classed as an asset and so some of its value can be written down against the profits of the business.
- “Which means that Honda Aspirations is one of the most tax efficient ways to fund a vehicle”
- 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, helping your business to budget accurately.”
So, in summary, with all these benefits Honda Aspirations really is the most effective way to purchase your new or used Honda.
If you have any questions, please contact one of our Honda branches in Stockport on 0161 6949235 , Bolton on 01204 563643 or Rochdale on 01706 390761 .
