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Financing a Used Car

If you aren’t paying cash for your next vehicle, you can finance a used car at a bank or through a credit union. It’s always important to do your research and look around for the best rate.

Financing a Used Car

If you aren’t paying cash for your next vehicle, there are two ways to you can finance a used car when buying from a private seller – at a bank or through a credit union. It’s always important to do your research and look around for the best rate, but usually a credit union will give you the lowest one. The rates fluctuate so it’s best to check a site like Bankrate for the latest information. After you have determined the current rate, call your local bank and credit union to see if they can beat it.

Finding the best car loan depends on how much you’re going to spend and the length of the auto loan. The term varies and on used cars can be anywhere from 36-72 months – the longer the term, the lower the monthly payment, but something to bear in mind is that you will be paying more in interest. Use a calculator to determine, which term is right for you.

Do the work ahead of time to understand what you can afford and then get pre-approved so you can shop for a vehicle knowing what you can pay for.

Once you know what you can afford, browse our pre-screened vehicles and find your next dream car!

Buying Tips
Financing
The Instamotor TeamThe Instamotor Team

Not your typical used car salesman. Our team is here to provide honest and transparent advice about car buying and selling.

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