What is the Honda Loyalty Discount?

January 4th, 2022 by

Known as the Honda Loyalty Appreciation Offer, the Honda loyalty discount is a special offer available to owners of specific Honda models who want to purchase a new vehicle of the same make. The Japanese auto manufacturer provides this discount to show gratitude to repeat customers, hoping to build long-term relationships. If you currently own a Honda car, SUV, truck, or minivan, it’s worth finding out if you qualify for the Honda loyalty discount. This great offer can help you save considerably on your next Honda.

What kind of discount is the Honda Loyalty Appreciation Offer?

The Honda Loyalty Appreciation Offer is a cash discount that lowers the cost of your new Honda by a fixed amount. Whether you’re buying or leasing a vehicle, the discount will become a part of your down payment or serve as capitalized cost reduction, resulting in an affordable monthly payment.

How much of a discount can you get?

The amount of money you can save with the Honda loyalty discount depends on the Honda model you intend to buy. At the very least, this offer will shave hundreds of dollars off the purchase price of your new car. Sometimes, it provides more than a thousand dollars in savings. Generally, the higher the cost of the vehicle, the greater the discount.

If you plan to lease a Honda, you can get additional benefits through the Honda loyalty program. With Honda Leadership Leasing, you’ll receive a $500 waiver for excessive wear or damage when you return your leased car. If you qualify for the loyalty discount, you’ll get an additional $500 waiver, bringing the total to $1,000. Additionally, you’ll enjoy a waiver of the turn-in fee at the end of your lease.

Which models qualify for the Honda Loyalty Discount?

The Honda Loyalty Appreciation Offer is only available on selected new Honda models. Featured vehicles are rotated regularly, so you should occasionally check with your local Honda dealership if your desired model isn’t on the current list. Also, note that a dealership may have a loyalty offer on a specific Honda model, such as the Pilot, Passport, or Odyssey. Such a discount may differ from the manufacturer’s amount and eligibility requirements, but it still provides substantial savings.

What are the eligibility requirements?

To qualify for the Honda Loyalty Appreciation Offer, you have to be a current owner of a Honda vehicle within a specified maximum age limit. Generally, it’s about ten years and under, but that may vary from one offer to another. You’re required to provide the necessary documentation to prove that you own a Honda vehicle, such as your vehicle title, vehicle registration, vehicle billing statement, or auto insurance.

However, you don’t need to trade in your current Honda to qualify for the Honda loyalty discount. Members of your household are also eligible for the offer, provided they’re able to provide proof of address that matches the one in the Honda Financial Services contract.

If you want to be part of the Honda loyalty program, you must finance your new vehicle through Honda Financial Services for at least 24 months. If you can’t meet the credit criteria for Honda financing, you won’t be able to get the discount.

Aside from poor credit, some other circumstances may disqualify you from the Honda loyalty program. If you’re getting a conquest incentive or “zero due at signing” lease deal, you’re ineligible for a loyalty discount. Also, the offer doesn’t apply to the purchase of vehicles under the Honda Fleet Sales Program.

How to apply for a Honda Loyalty Discount

Honda pays loyalty incentives to dealerships, which means you have to apply through a Honda dealership. The application process is quick and easy once you meet the credit criteria and have all the required documents. To save time and effort, it’s a good idea to check with your local dealership beforehand about what documents you need to bring.

Enjoy amazing savings on a new Honda at Ike Honda

If you own a Honda vehicle in Marion, Illinois, you can find out if you’re eligible for the Honda Loyalty Appreciation Offer by contacting Ike Honda. Our knowledgeable and helpful staff will provide you with all the information you need about the Honda loyalty program. If you qualify for the program, we’ll guide you every step of the way to ensure a smooth application process. Additionally, we’ll inform you of any other Honda incentives that may apply to you so that you can increase your savings.

Besides assisting you in getting the Honda loyalty discount, our dealership also has a wide array of new vehicle incentives of our own. If you’re looking at saving money over the long run, you can opt for one of our Honda models that come with zero-percent or low APR financing. By paying little to no interest on your auto loan, you can potentially reduce your overall car ownership cost by thousands of dollars. We also have lease specials with affordable upfront costs and monthly payments, making it easier for you to drive home your favorite Honda.

Additionally, we offer cash discounts on certain new Honda vehicles. These offers can help you save more than a thousand dollars on your car purchase. If you’re an active military member or a recent college graduate, you’re eligible for a cash bonus worth $500. Similar to Honda loyalty incentives, our dealership’s new vehicle specials are also offered on a rotating basis. Occasionally, you’ll find fantastic deals on popular Honda models such as the Civic, Accord, and CR-V, so make sure you check back frequently.

For many years, Ike Honda has been providing Marion drivers with incredible deals on Honda vehicles through our competitive pricing, low-interest financing plans, and attractive special offers. Whether you want to take advantage of the Honda loyalty discount or one of our awesome vehicle specials, you can count on us to help you maximize your savings. Feel free to contact us if you have any inquiries.

Posted in Honda Drivers