Honda Financing Information
Honda 90 Days to First Payment Program
Learn how Honda deferred-payment offers work, what "90 days to first payment" actually means, and how to check current financing opportunities at Paragon Honda in Queens, NY.
Apply for Financing Shop New Honda VehiclesQuick Answer
Honda Financial Services has offered programs allowing qualified buyers to postpone their first payment for up to 90 days during select promotional periods.
Is Honda Currently Offering 90 Days to First Payment?
A 90-day first-payment deferral is not a permanent Honda financing program. Honda Financial Services has offered this type of promotion during select periods, but availability can change. Contact Paragon Honda or review current Honda offers to confirm whether a deferred-payment program is available today.
Understanding the Program
How Does 90 Days to First Payment Work?
When Honda Financial Services offers a qualifying deferred-payment promotion, eligible buyers can purchase and finance a new Honda while postponing the first scheduled vehicle payment.
Instead of making the first payment shortly after purchasing the vehicle, the financing agreement may set the first payment approximately 90 days after the contract date.
The exact payment date, APR, term and eligibility requirements will appear in your financing agreement.
Choose a Honda
Select an eligible new Honda vehicle included in the current promotion.
Apply for Financing
Submit a credit application and meet the applicable financing requirements.
Review Your Terms
Confirm APR, amount financed, payment schedule and the first-payment date.
Take Delivery
Drive your Honda home and begin payments on the date shown in your contract.
Important Distinction
90 Days Without a Payment Does Not Mean Three Free Payments
A deferred-payment promotion normally changes when your first payment is due. It does not erase payments from the loan or reduce the amount you agreed to finance.
Does Interest Accrue During the 90 Days?
It can. Previous Honda deferred-payment programs have allowed interest to begin accruing when the finance contract starts, even though the first scheduled payment is delayed.
That means delaying your first payment can provide short-term budget flexibility, but it may also affect the total amount of interest paid over the life of the loan.
Always review the current financing disclosure and retail installment contract before choosing a deferred-payment option.
Why Shoppers Consider It
Potential Benefits of Delaying Your First Payment
More Time Before Payment
A qualifying program can provide additional time between vehicle delivery and the first scheduled monthly payment.
Short-Term Flexibility
The delay may help you manage other expenses that come with purchasing a vehicle.
Time to Adjust Your Budget
You have more time to incorporate the new vehicle payment into your regular monthly expenses.
Who May Qualify for a Honda Deferred-Payment Offer?
Eligibility depends on the specific Honda Financial Services promotion. A program may be restricted by credit tier, model, model year, contract date or financing type.
Depending on the offer, qualified shoppers may need to:
- Finance through Honda Financial Services
- Purchase an eligible new Honda
- Meet applicable credit requirements
- Complete the contract during the promotional period
- Choose an eligible finance program
- Meet any additional program requirements
Check These Details Before Signing
- APR
- Finance term
- Amount financed
- First-payment date
- Whether interest accrues during the deferral
- Number of required payments
- Whether incentives can be combined
Does the 90-Day Program Apply to Honda Leases?
Not automatically. A deferred-payment promotion may apply only to retail financing, while Honda lease offers may follow a different payment structure.
If you're deciding whether to buy or lease, the Paragon Honda finance team can help you compare the current Honda financing and leasing programs available for the vehicle you're considering.
Example: What a 90-Day First Payment Could Look Like
Day 1
Purchase and finance your Honda.
Month 1
No scheduled payment yet.
Month 2
Deferred-payment period continues.
Around Day 90
First payment becomes due.
Example is for educational purposes only and does not represent a current Paragon Honda financing offer. Actual dates and terms vary by contract.
Honda Financing in Queens, NY
Paragon Honda helps drivers throughout Queens and the greater New York City area explore available Honda financing and lease opportunities.
Shoppers can begin online by browsing current Honda inventory, valuing a trade-in and submitting a finance application.
Paragon Honda serves shoppers from Woodside, Astoria, Sunnyside, Jackson Heights, Elmhurst, Corona, Forest Hills, Flushing, Brooklyn, Manhattan and surrounding NYC communities.
Visit Paragon Honda
Woodside, Queens
Paragon Honda
57-02 Northern Blvd.
Woodside, NY 11377
Frequently Asked Questions
Honda 90 Days to First Payment FAQs
Does Honda offer 90 days until the first payment?
Honda Financial Services has offered 90-day first-payment promotions during select promotional periods. Availability and eligibility can change.
Is Paragon Honda currently offering no payments for 90 days?
Availability depends on current Honda Financial Services promotions. Contact Paragon Honda to confirm whether a qualifying program is currently available.
Do I pay interest during the 90-day period?
Previous Honda deferred-payment programs have allowed interest to accrue during the deferral period. Review the terms of the current offer carefully.
Are the first three payments free?
No. A deferral delays when your first scheduled payment is due. It does not normally eliminate payments required under your finance contract.
Do all Honda models qualify?
Not necessarily. Eligibility can depend on model, model year, financing program, contract date and other promotional requirements.
Do I need good credit?
Honda Financial Services promotional financing requires credit approval. Eligibility depends on the requirements of the applicable program.
Can I apply for Honda financing online?
Yes. Paragon Honda provides an online finance application so shoppers can begin the process before visiting the dealership.
Can I trade in my current vehicle?
Yes. A trade-in can generally be included in a vehicle purchase. Promotional financing eligibility remains subject to the terms of the applicable program.
Ready to Explore Your Options?
Check Current Honda Financing Offers at Paragon Honda
Browse current Honda inventory, value your trade or start your finance application online.