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Honda Canada Inc. supports a network of 237 Honda and 51 Acura authorized automotive dealers in Canada. There are over 600 dealers for Honda motorcycles, scooters, mopeds, snowblowers, lawnmowers and other equipment in Canada. [1] Its financial services arm, Honda Canada Finance Inc. (HCFI), was established in 1987.
Honda Motor Co., Ltd. [3], commonly known as just Honda, is a Japanese multinational conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has been the world's largest motorcycle manufacturer since 1959, [4] [5] reaching a production of 400 million by 19 December 2019. [6]
The American Honda Motor Company, Inc. (sometimes abbreviated as AHM) is the North American subsidiary of Japanese Honda Motor Company.Founded in 1959, the company combines product sales, service and coordinating functions of Honda in North America, and is responsible for distribution, marketing and sales of Honda and Acura brand automobiles, Honda Powersports products (motorcycles, scooters ...
The company was launched in 1992 as Hero Honda Finlease Ltd by extending working capital loans and medium-term finance to component suppliers and dealers of parent firm Hero MotoCorp, then called Hero Honda Motors Ltd. [1] In 2011, as Hero Honda Motors was restructured, the company was renamed Hero FinCorp and acquired its present form.
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Studies have shown that the average per-unit finance cost can be higher when financing through a dealership than independent lenders. For example, one study found that the price increased by $674 when dealer financing was used, potentially due to additional products or services (an average of 4.63 add-ons per deal) in the financing package. [4]
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).