Used Car Financing Tips


  1. Check your credit score
  2. Decide how much you can put down
  3. Consider the monthly payments
    Now that you’ve decided what you can put down, how much can you afford to pay each month? This will help you to determine what price range you’re looking at for a vehicle. If you aren’t willing to do the math, you can always use a loan calculator.
  4. Pick your dealership
  5. Start looking at the dealerships around town. Is there a used car dealership that you’ve dealt with in the past that you’d like to go back to?
  6. Get Preapproved at your Dealership
  7. Most dealerships nowadays offer an online credit application. Fill that out and wait to hear from the dealership to determine what you’re approved for and what you can afford.
  8. Pick a Car!

Now, the fun stuff! Go take a look at some cars. Test drive the ones you think you like, and bring someone along for a second opinion! Once you’ve found the car you want, you’re ready to drive away!