TIPS FOR FINANCING A USED CAR

If your primary goal in purchasing your next automobile is finding a top-quality car that meets your driving needs, then buying a used car is a wise solution. To help you on your search for your next ride, the team at Schimmer Used compiled these tips for financing a used car for our customers in Mendota, Ottawa, Rochelle, and beyond. By reading these tips, you'll be more prepared and ready to discuss your finance options, so you can drive off in your new-to-you ride even faster.  

 GO IN KNOWING YOUR CREDIT SCORE

Before you even visit a used car dealership, you need to know what your credit score is. Your credit score will determine your interest rates on a used car loan, so knowing your score is vital to the car-buying process. Plus, you'll be able to better negotiate your car loan and attain the interest rate you desire. Also, it'll streamline the finance process as you won't have to wait for the finance staff to discover what your credit score is! 
 
DOWN PAYMENT AND FEES

If you want to make financing a used car as simple as possible, you should make your down payment as high as possible. By doing so, you can have lower monthly payments. For example, putting down a 20% down payment can help improve the terms of your loan, so you can pay off your used vehicle even quicker.
Another solution for improving your financing is avoiding the inclusion of fees, taxes, and extra costs in your loan. Instead, you should be prepared to pay for these items up-front.
 VISIT THE RIGHT DEALERSHIP

When you need to finance a vehicle, there are several ways you can apply for your loan. However, the most beneficial is generally applying with the financing department at a dependable local dealership.
First, a trustworthy dealer will likely have a relationship with a multitude of lending institutions, meaning you'll have access to a variety of financing sources. Second, reliable used car dealers will have experience working with customers at every level of credit, which can be advantageous if you're applying for a loan but have a poor credit history.

If you're careful about which dealership you visit for your used car, you should be able to get an attractive auto loan.
 HELP FINANCING A USED CAR

Follow these tips for financing a used car, and you should be able to finance your next used car without difficulty. If you need assistance financing a used car, then you can visit Schimmer Used and discuss your auto loan options with our first-rate financing team.
Schimmer Used offers a large inventory of used vehicles that you won't be able to resist. We're also proud to provide our customers from Mendota, Ottawa, and Rochelle convenient financing solutions.