How to Finance a Used Car

Are you ready to buy your first car? Have you already found the perfect used car or are you still looking? Does the prospect of financing make you just a little bit nervous?

That’s where the Zanesville Honda Finance Center comes in. We’re here to give all our friends in the Zanesville, Cambridge, Coshocton, and Pickerington, Ohio, areas a quick introduction to how to finance a used car. We want everyone to stride into the car-buying journey with confidence.

Read on to learn the basics of used car financing.

How Do I Begin?

Buying a used car is a lot like buying any other big-ticket item, whether it's a new smartphone, a high-end computer, or a 4K HD TV—you want to do your research beforehand. Your first job is to decide how much you want to pay and then stick to a budget.

When deciding on your budget, be sure to take into account:

• Down payment
• Monthly payment
• Interest
• Loan term

Many dealership websites have a payment calculator that allows you to estimate how much you want to pay. This is great to play around with before you settle on anything definite. However, remember that these are only estimates. A variety of factors can impact your car payments, including your credit score and the condition of the vehicle.

Where Can I Get a Loan?

When it comes to used car financing, there’s no standard way to do it. You are an individual and your car is an individual. The way you finance your car is going to be the way it works for you.

There are a few places you can go to for used car loans, including:

• Banks and credit unions: Using one of these options for your financing can give you some flexibility when it comes to credit requirements.
• Online lenders: There are several online options for financing and they can offer quick approvals.
• Manufacturers: Financing directly through the manufacturer can get you APR deals on certified pre-owned vehicles.
• Dealerships: When you finance through a dealership, we can compare loans and arrange financing for you, making it easy and convenient for you.

We want to streamline this process as much as we can for you. So, come speak with a member of our finance center, if you have questions. Many dealership websites even offer a financing application, so you can get started there.

Finance Your Next Used Car With Us

“Financing” can seem like an intimidating term. That’s why the team at Zanesville Honda is here. We’re available to walk you through how to finance a used car. We’re ready to help all our friends in the Cambridge, Coshocton, Zanesville, and Pickerington, OH, areas with the car-buying process and we’re excited to do it.

Contact us today!