Honda Finance made easy

Conditional pre-approval means that your application for finance has been approved, subject to conditions, which may include the provision of additional information required to provide final approval. Final approval remains subject to compliance with Taurus’ credit criteria and confirmation of your capacity to service the loan. 

Pre-approval is not an offer of credit. Pricing and pre-approval are valid for a period of 30 days.

Online pre-approval is beneficial to you for many reasons. First and foremost, budget can be determined; Second, applying online means you can do it in your own time and from the comfort of your own home – all your need is your driver’s licence and smartphone – and that greatly helps minimise time at the Honda Centre. Last but not least, you can simply forget excessive paperwork and lengthy processes. Honda Finance is all about being quick, secure, easy and seamless.

It’s easy. Simply follow our simple 4 steps process:

Step 1: Choose your new Honda by browsing our Build & Price tool to find your favourite model. 

Step 2: Provide your basic personal details, including your driver’s licence, and verify with your smartphone to calculate your personalised rate. 

Step 3: Provide your financial details, including income, expenses and banking login credentials via our safe and secure independent portal.

Step 4: Receive finance pre-approval*. Following that, you will be provided with a certificate number and your preferred Honda Centre will get in touch to arrange a time to finalise your application.

It’s that simple. We do all the hard work to get you pre-approved*, so you can get the keys to your Honda sooner. 

*Approved applicants only. Terms and conditions apply. Taurus Finance Holdings Pty Ltd Australian Credit Licence 514213 trading as Taurus Motor Finance.

A credit score is a single number that enables financial institutions to understand your credit history and the likelihood of you paying your bills on time.

Your credit score is what is used to assist in determining your interest rate. This rate is calculated based on credit score and other criteria, giving you a personalised and transparent rate. 

No. Taurus Finance’s access to your credit score will leave a file access footprint on your credit file.

However, when applying for pre-approval this footprint is not visible to any credit providers to whom you may make a credit application - and will not impact your credit score. Whilst if you receive pre-approval, then apply for final approval and are rejected - this may impact your credit score.

We’re proudly partnered with Taurus Motor Finance - an Australian-owned auto finance company that specialises in simplifying the car loans process. With the help of the Honda Finance digital platform, we’ve waved goodbye to the long wait times and excessive paperwork that usually comes with financing. It’s less work, low cost and a more joyful way to finance your Honda.

Your security is our highest priority. That's why we use Illion to provide a secure web-based solution for the retrieval and verification of your bank statements. 

All data is encrypted with 256-bit encryption and “best in market” security systems.

Your login credentials are never stored - they are securely destroyed once they have been encrypted and passed to the bank. The service is a one-time retrieval, and it only happens with your authorisation.

After receiving your personalised repayment rate, you select your financial institution and enter your online banking credentials. Your bank statements are automatically retrieved and uploaded. Then, you will be redirected to the Honda Finance application to complete the process.

The interest rate is the rate (%) of interest that is paid on the amount borrowed, not including any fees.

Whilst the comparison rate is an estimate of how much a loan could cost each year when interest, as well as most ongoing fees and charges are added up. Therefore, it’s typically a higher percentage rate.

In addition to providing advice on generic weekly repayments, Honda Finance goes the extra step: all of our guests receive a Honda personalised rate when applying for finance. Our safe and sophisticated software calculates your interest rate based on your credit score and other personal criteria determined by us. This means you get a rate that is based on your individual circumstances and personalised for you.

It is important to set your budget and understand exactly what you can repay. The Honda Finance personalised repayment rate tool will give you an indication of what your repayments could be on our range of Honda vehicles.

A personalised rate gives you the benefit of a fair interest rate that’s personalised to you. At Honda we understand everybody’s circumstances are different, which is why you’ll get a personalised rate based on your situation – not everyone else’s.

No. Your personalised interest rate is fixed. That means that you’ll know exactly what your repayments will be for the life of the loan, from the start to the end. 

When applying for financing, a fixed rate helps you keep your interest rate at the same level throughout your loan term. That also means that budgeting into the future is made more accurate, by ensuring that each and every repayment stays the same. Plus, you’re free to choose the term of your loan – anywhere between 12-84 months – and the frequency of your repayments with either weekly, fortnightly or monthly schedules. You are in complete control.

Yes, you can. However, fees and charges may be involved.

At Honda we know that things don’t always go as intended, despite careful planning. If changes in your circumstances are making you concerned about your financial situation, our customer service team is here to help as best as we can. Our number one piece of advice is: don’t ignore the problem and get in touch as soon as possible, so we can discuss your options and work through them together. We can also help if you are faced with unforeseen financial hardship. We’re here to support you and find a solution, always.

Yes, you can. Repayment schedules are set to monthly by default. In case you’d like to change the frequency, we invite you to get in touch with us as soon as your loan has been funded, so the appropriate adjustments can be made. Easy.

None. Just your driver’s licence and smartphone. It’s that simple. 

If you have financed your Honda vehicle with us on 1 July 2021 or after and have an enquiry, please use one of the following contact details.

General enquiries
Phone: (02) 9067 6988
Email: HondaEnquiry@taurusfinance.com.au

Hardship and complaints 
Phone: 1300 189 661
Email: Hondahardship@taurusfinance.com.au 
Email: Hondacomplaints@taurusfinance.com.au 
 

Further options
If you have informed us about your complaint or concern, and you are not satisfied with our proposed solution or you believe that we have not resolved your complaint fairly, then you can request to have your complaint reviewed by the Australian Financial Complaints Authority (AFCA). The Australian Financial Complaints Authority (AFCA) provides consumers and small businesses with fair, free and independent dispute resolution for financial complaints.

Website: www.afca.org.au
Phone: 1800 931 678
Email: info@afca.org.au

In writing to: Australian Financial Complaints Authority Limited, GPO Box 3, Melbourne, VIC 3001