Can You Finance Used Cars?

Not everybody has the luxury to be able to walk into a dealership and put a car on their credit card. This is why financing exists; to allow people who need a vehicle to get one without having a lot of money on hand. But even if you’re not interested in a new vehicle, you’ll be glad to know that used cars can also be financed.

Why Finance a Used Car?

The simple reason to finance a used GMC Terrain or another model is so you don’t have to break the bank. Used vehicles are generally a lot cheaper than new ones, which means you won’t have to borrow as much money to pay for it. This results in:

• A Smaller Down Payment – When the sale price is lower, this reduces the amount of money you will need to put upfront. And if you have an old car you’re looking to replace, its trade-in value may cover the entire down payment.

• Smaller Monthly Payments – One effect of a cheaper car is that it will also result in much more affordable monthly payments.

• A Shorter Loan – When you don’t have to borrow as much money for your Buick Encore, this means that you can pay off the loan faster.

The Financing Process

The process may be a lot easier than you realize. The first step is to fill out our online application to get pre-approved for a loan. And don’t worry if you have bad credit or even no credit; we’re confident that we can help you get the money you need for your vehicle. Once you submit the application, someone from the Joseph Buick GMC financing department will contact you to go over the details.

In the meantime, be sure to take a look at our payment calculator. This will let you put in different sale prices, interest rates, and loan terms in order to find a payment plan that best works for you.

And if you have any questions, feel free to contact us or just come down to our Cincinnati Buick dealership.