Our Finance Department is committed to providing a simple customer-focused solution to fit your needs, regardless of your credit history.  We offer guaranteed credit approval, so we are able to help those with all types of credit, or even those with no credit history at all.

Frank Leta Honda simplifies the financing and leasing process so you have more time to savor life's most enjoyable moments, like driving your new vehicle. Only here at Frank Leta Honda do we deliver the extraordinary level of customer care you deserve.

Leasing a Honda comes with many advantages you may not know about. Here are some common questions and answers about leasing.

Q. Is there a limit to the number of miles I can drive with a lease?

A. When you lease a Honda, you have choices. The most popular plans allow for 12,000 miles or 15,000 miles per year, however you may opt to purchase additional mileage to suit your personal driving needs. Paying for additional miles up-front is often less costly than at the end of your lease.

Q. I drive a lot of miles; isn't it better to purchase?

A. If you drive a lot of miles, leasing a Honda makes better sense than purchasing one because when you lease, you can trade in your vehicle frequently. If you drive a lot of miles and purchase your vehicle, you may end up "paying" a lot more for the miles you've driven with a lower trade-in value when the time comes to purchase your next car.

Q. Am I protected with a lease in case my Honda is deemed a total loss because of theft or an accident?

A. Yes. All of our leases include Guaranteed Asset Protection (GAP) coverage, which covers the difference between what you owe on your lease and what your insurance pays should your vehicle be stolen or deemed a total loss in an accident.

Q. Don't I have to pay for wear-and-use charges?

A. Honda leases include a $1,500 Excessive Wear and Use Waiver, which should more than cover most drivers. And consider this: If you purchased your vehicle, wear-and-use (those door dings and upholstery tears) could cost you in the form of a lower trade-in value. Leasing can actually be more forgiving when it comes to wear and use.

Q. Doesn't it make more sense to own my vehicle?

A. Less than 20% of customers who get a 5-year loan keep their vehicles long enough to pay off the loan. When you lease a Honda, not only do you enjoy all the benefits of leasing, but you have several options at lease-end: you can purchase the vehicle, extend your current lease, or lease a new vehicle. The choice is yours.

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Customers should LEASE if...

• They want to drive new Honda vehicles but want to wait to decide whether to buy them, drive them longer, or drive new Honda vehicles
• They want to drive new Honda vehicles every few years
• They want lower up-front costs and lower monthly payments
• They want a guaranteed purchase price should they decide to purchase or sell their Honda vehicles at lease-end

Customers should PURCHASE if...

• They hope to eventually convert their vehicles into cash by selling or trading them in
• They think they'll drive their vehicles more than five years
• They eventually want to pay off their vehicles in full

Advantages of LEASING

• Customers can enjoy low up-front costs and low monthly payments
• In Missouri, customers will only pay sales tax on the cost of the vehicle for the term of their contracts and their sales tax is spread over their monthly payments
• Customers can include peace-of-mind vehicle service contracts in their monthly payments
• Options. At lease-end, customers can extend their current lease or lease or purchase another Honda
• Flexibility. Lease terms from 24 to 60 months
• Protection. Automatically included $1,500 Excessive Wear and Use Waiver and GAP coverage
• Customer will know in advance the guaranteed purchase price of their Honda at lease-end
  • If their Honda is valued at more than the guaranteed purchase price, they can still purchase it for the guaranteed purchase price at lease-end
  • If their Honda is valued at less than the guaranteed purchase price, they can simply return it to their dealer, extend their lease, or lease or purchase a new vehicle

Advantages of PURCHASING

• Customers will own their Honda vehicles at the end of their terms - they can keep them, trade them in, or sell them
• Customers can include peace-of-mind vehicle service contracts in their monthly payments
• Options. Customer can keep their Honda vehicles, trade them or sell them at any time
• Flexibility. Finance terms from 24 to 84 months
• Customers who purchase Honda vehicles will have made smart investments as Honda vehicles have the best resale values
• Customers can use the equity in their vehicles to sell them or trade them in for new Honda vehicles

Car Leasing and Loans at Frank Leta Honda - Proudly Serving the O'Fallon Area

Our St. Louis new and used auto loans department gives you the opportunity to finance your Honda. Monthly payments can be custom tailored to fit your needs for terms from 24 months to 84 months, based on your down payment and specific needs.

Monthly payments are applied to the actual purchase of the vehicle. You can pay off the balance due at any time with no penalty. Buying allows you to keep the vehicle for as long or as short a period as you would like.

Frank Leta Honda finance team is here to help you through the entire process of attaining your customized car loan or lease. From beginning to end, our experts will be able to provide you with a great low rate on your new or used car loan in the O'Fallon area.

If you are in the market for a new car, or a used Honda vehicle, come visit us at Frank Leta Honda located at 500 Auto Mall Drive, O'Fallon, Missouri. We'll help you get the vehicle you want, at an affordable price with assistance through the entire financial process.

Why wait? Contact us or stop in today! Whatever your automotive financing needs may be, we will work hard to satisfy them 100%.