American Honda Finance Corp., a wholly-owned subsidiary of American Honda Motor Co., is an automotive finance company, offering financing for both retail installment sales contracts and leases. Leases are offered through its affiliate, the Honda Lease Trust, for new and used Honda and Acura cars. The firm also administers service contracts sold by Honda and Acura dealers throughout the U.S. Retail financing and retail leasing of motor vehicles have comprised the largest segment of its business.
The Torrance, Calif.-based company was founded in 1980, offering wholesale financing to authorized Honda motorcycle dealers. In 1990, the company began offering retail leasing for Honda and Acura motor vehicles in California. American Honda also provides Honda and Acura dealerships with vehicle floorplan programs, real estate, construction and capital loans, revolving lines of credit and inventory insurance.
The company recently launched an Acura-branded financial-services division. The creation of Acura Financial Services is an effort to enhance customer service and raise the brand image for Acura.
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