Can You Finance Used Cars?

Unless you’re very fortunate, you probably don’t have the means to go down to a dealership, pull out your checkbook, and write a check for the full value of a vehicle. The good news is that you don’t need to. Even if you’re planning to buy a used Hyundai car, you’ll be able to finance your purchase. Here our Hyundai finance department goes over the benefits of financing and how to start the process.
 

The Benefits of Financing a Used Car

 
There are many financial benefits of paying for a used Hyundai vehicle over time instead of all at once. This will help you:
 

Save Money Upfront

 
When you finance, all you need to pay for your car initially is a down payment; the rest you borrow. This means that you can drive home in your Hyundai Elantra without having to show up to the dealership with a lot of money.
 

Save Money Long-Term

 
Another big advantage of financing a used vehicle is that – compared to a new model – this could shrink your monthly payments substantially. It may also mean you can pay back the loan quicker, which will save you even more money by avoiding extra interest charges.
 

Save Even More Money with a Trade-In

 
You can cut your costs even more with your used Hyundai SUV purchase by trading in your current vehicle. There’s a good chance that it’s worth more than you realize, and you can use its value towards your down payment. This could result in not having to take out as big of a loan.
 

Starting the Financing Process

 
If you’re ready to get things rolling, you can start the financing process right now. All you have to do is fill out our online application. This will get you pre-approved for a loan. Then you can use our payment calculator for budgeting purposes. You can enter the amount you are thinking about borrowing, your down payment, trade-in value, and loan term to get an idea of what your monthly payments will be.
 
If you have any questions about financing, get in touch with Hyundai of Cookeville.