Honda Leasing (Thailand) Co Ltd, the finance subsidiary of Honda Automobile (Thailand) Co Ltd, said it plans to offer financing on used Honda cars in Thailand this year. So far, the company has focused exclusively on providing loans for new car purchases.

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Under the pilot project, the company plans to set the used price standard for Honda cars in Thailand. The company says it will use a flat interest rate of between 4-5% per year, compared with market rates of between 4-7%. The maximum credit offer on a purchase will be 80% of the appraised value of the car.


Honda Leasing currently charges 2.55% annual interest on new car loans. The company said it has 77,000 car loans on its books and this is expected to rise to 80,000 this year.


Tony Pugliese

GlobalData Strategic Intelligence

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