Can I get a car loan on used cars?

A question that many drivers ask themselves when researching a used vehicle that they really like is "can I get a car loan on used cars?" well the answer is yes! Although that is only the short answer, there are many factors that you should consider when looking at buying a used car with a loan. That's why we have assembled this list of tips to help you out when you're seeking a loan for a used car.

Used Car Loan Tips

  • Know Your Credit: This may seem trivial, but it is important to know what your credit looks like because it will affect your ability to get a loan.
  • Shorten Your Loan Term: One of the best things to do when buying a used car with a loan is putting more money down. This shortens the term of the loan and in-turn saves you money.
  • Find Lower Rates: Finding the lowest rates on a loan can be tiring and a mountainous task in itself. You don't have the time to be shopping around for the lowest rates so be sure to use a service like our finance center where you can apply for financing online and our team of finance experts can go to work for you to find the best possible rates!

When it comes to getting a car loan for a used car be sure to follow these simple tips and you can get financing for your next vehicle. If you want a more personal touch to your financing experience be sure to visit us at our dealership in Georgetown KY near Frankfort and Lexington, KY where we serve drivers from Winchester, KY and Nicholasville.

Categories: Finance

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