Adjust Payment Terms ×

We want to help you find the perfect car that fits your budget. Please adjust the options below so we can estimate the most accurate monthly payments.

Estimated Credit Score or Interest Rate

Desired Loan Term (months)

How much will you put down?

All tax, title and vehicle registration fees are additional. See dealer for complete details.

If you’ve missed a car payment, or are about to, you might have options

By Product Expert | Posted in Dealership News, Helpful Advice, Tips and Tricks on Thursday, May 28th, 2020 at 1:55 pm
A stock photo of a pen sitting on a loan application.

What happens if I’m late with a car payment? 

The COVID-19 crisis has hurt a lot of people in a lot of ways. Even if you’ve been fortunate enough to not to have lost a family member to the disease, you might have had to go without a paycheck for at least a little while. A hard realization of life is that bills don’t go away just because people have fallen on hard times. If you’ve been wrestling with the question, ‘What happens if I’m late with a car payment,’ the financial team at Meridian Honda wanted to help shed some light on the subject. We can’t promise we’ll have an answer that you want to hear, but sometimes knowing more about the problems we’re facing can be helpful. Let’s see what our team found. 

READ MORE: Honda offers incentives to recent grads 

Before we get too deep into the weeds, it’s important to note that your situation could be very different. The information contained below is meant to be considered on a broad basis. This is in no way meant to replace qualified financial or legal advice. 

When is a car payment considered late? 

Most financial institutions will report a late car loan payment to credit agencies once it is 30 days past due. This kind of entry on a person’s credit history will almost certainly result in a drop in their credit score. Most lenders will begin the legal process to repossess a vehicle when three or more payments have been missed. 

What should I do? 

Banks, credit unions and other lenders are not in the business of selling cars. Given the tough economic conditions affecting much of the country, people might be able to work something out. The key to avoiding repossession or other financial hardships is for people in trouble to go on offense.

Reach out to the lender and talk to them about the problems you’re having. It’s not out of the question for them to find a way to work with you so you can keep your vehicle while also working to get out of your financial predicament. Just about all financial experts agree that the worst thing a person who is behind on car payments to do is nothing. 

If you think there is something Meridian Honda can do to help you during these tough times, please don’t hesitate to reach out to us today. 

Welcome to Meridian Honda in Meridian MS

Search our inventory for your new dream car!


Always great cars, great service and great people!
John Halbrook
A stress free car buying experience!! Thanks so much!
Jennifer Lee
Big thanks to Kelly Watson, Kelly Pollard and Douglas Davis! We had a wonderful experience buying our van! Great service!
Stephanie Allen Reid
I had the best ever car buying experience! Kelly Watson was friendly, funny, never pushy, and so very patient with me.
Clancy Lee Willis
Brought in my husbands truck to the body shop and WOW! What great service! Quick, friendly, and reasonably priced! Even though our vehicle isn't a Honda, they for the parts and work done faster than any other place I have been! Thanks for great service!
Leslie Horn Vollor
The absolute best place to have a car serviced! I love Meridian Honda!
Katie Elizabeth Davis
Awesome people and so easy to deal with. No need to go to Brandon or Jackson to buy a Honda!!
Beth Boatman Nabors
I've really enjoyed dealing with Adam on my last 3 Hondas The thing I like best about my new 2016 CRV is the back-up screen!!!
Wilda Gibson
I think it is an all around good business to buy a car from! The service department is absolutely wonderful, the staff is kind and caring, and they can fix your car faster than u ever thought
Lauren Pollard
Just wanted to say "Thank you!" for verifying an issue with a tire on my daughter's 2007 Honda Civic as I was driving her from the greater Houston area to Charlotte (and her on to Virginia). The Service team was friendly, accommodating, communicative at every step and if we lived anywhere close, I'd bring vehicles in there for service. Thanks again for taking care of ... us today on our travels!
Jon Walk
Caring and professional work. The people were friendly. Would recommend to everyone. I have always had a very good experience.
Came in for an oil change and tire rotation and Josh let me know a couple more things that needed to be done.
Noone was pushy, they listened to what I wanted. They were very fair to deal with. My time in and out was fast.
Fast and Friendly to the most satisfactory degree. Always ready to do what is needed and always referenced me as to the work done or needed.
Friendly staff, great service. Purchased 3 Hondas here and use them for all my service and tire needs. Sales and service are the best.
I just liked when I pulled up everybody was so friendly I love the clean building the service was excellent the service was long they were very prompt I just enjoyed my service
Salesman did a great job helping us. Had the car we wanted. Will do buisness with again when car shopping again Thanks!!!
They worked very hard to get me the car I wanted with in my payment range in a very timely manner. This dealership has a friendly atmosphere. It was an enjoyable experience. Can't say enough about Myrna, she is the best!!! Thanks for all you do!!
Can get in and out very quickly. Enjoy the coffee and friendly staff while I am waiting. Don't mind having my car serviced.
I was treated with respect, kelp up to date on repair. My salesman, Kelly Watson, was most helpful. I am always treated like I am a very special person!

Welcome to Meridian Honda in Meridian, MS

Honda has become the most-trusted brand in America. Meridian Honda seeks to follow this example and become the most-trusted dealership in the Meridian area. From our sales team, to our service department and body shop, we want our customers from the past, present and future to be confident knowing they will receive the highest level of care and respect when they visit Meridian Honda.

Our team at Meridian Honda is excited to get to know each of our customers on a personal level. At Meridian Honda, you will be able to browse an extensive selection of Honda cars, trucks, SUV's, vans and crossovers. This includes all of the headliners from the Honda model lineup, such as the Accord, Civic, CR-V and Pilot. In addition to our inventory of new vehicles, Meridian Honda is home to many top-quality pre-owned models from Honda and other brands. Take a look around our website to learn more about everything we have to offer at Meridian Honda. We look forward to your visit!