How to Finance a Used Car

 

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Many of our drivers are curious to know if they can finance a used vehicle and the simple answer is: absolutely. It's actually much easier to get a used car loan than you may think, especially when working with a dealership that offers in-house financing.

If you're wondering where to begin, we have a few basic things to consider before attempting to secure a finance term. Here's exactly what you need to know:

Get to know your credit score: Before you apply for financing, request a copy of your credit report and see if there's any way you can boost it. Ultimately, your credit score will be used to get approved. Don't get discouraged if you have poor or unestablished credit, however. We do our best to work with all credit types.

Consider offering a down payment or trade-in equivalent: With a down payment and/or trade-in, you can boost your creditability on your finance application (because you have assets to offer). Not to mention you can potentially decrease your monthly payment.

With these two things in mind you can be better prepared for financing. Have any questions about financing a used car? Contact our team by calling 888-790-4491. Or make the short trip from Levelland, Wolfforth, Amarillo, TX or Clovis, NM to our conveniently located showroom in Lubbock, TX.

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