Srinivas Rao

Review of Honda Canada Finance Inc

I was a newcomer to Canada in 2015 I bought a used...

I was a newcomer to Canada in 2015 I bought a used Honda CRV from Honda Dealer in Mississauga.

1. First thing they sell the car to me high Interest to newcomers and they add different insures to my account which is not required.

2.Second thing they said Oil Free for life. every time. every time I go for an Oil change I leave my car and go to work and they call me in the next two hours and they say your car has a problem with brakes or something else and I trust them. If I get the brakes done outside it cost me $400, when I get it done with Honda Dealer it cost me $1000. you know how much is labour charges $500 for 2 hours job.

3. My Loan is for 6 Years with Honda Finance. For more than 3 Years I was paying my loan on the 30th of every month which dates was given by Honda Finance . in the Fourth year, someone forms Honda Finance call and said you are not paying your payments on 22 which you supposed to pay and then I started playing on 22 of every month and everything was going good after few months I see that they went and report to Equifax (07 payments 30 days late). which is impacting my Credit score. I called Honda Finance and Equifax no one is helping me fix it.

I advise all newcomers and people of Canada to aware of Honda's finances which is not advisable. they will make your default.