Learn How to Finance a Used Car

November 22nd, 2017 by

Used Car Test Drive

used car guide

Buying a used car is a process that entails many different decisions. Which make or model do you choose, and where do you want to purchase it from? Most importantly, how do you intend to finance this vehicle?

As Miami, Doral, and Hialeah drivers enter the process, they’ll have a few different options. And in this article, the Braman Honda Miami team will go over them all for you. Read on to learn more.

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What Options Do You Have for Financing Your Used Car?

Finance a Used Car

When it comes to financing, you’ll actually have a lot more options on your hands than you might initially expect. Among the many different choices, however, there are three that pop up time and again…

  • Pay for the car in a lump sum. If you have the money put away, this is the quickest and easiest option. You won’t have to worry about car payments.
  • Go directly through your bank or credit union. If you’d prefer to keep things private, you can go right to your bank or local credit union to secure your auto loan.
  • Finance with a used car dealership. By choosing this option, you’ll have hardly any work to do. You need only provide the finance team with some basic information, and they’ll handle the legwork.

Our Helpful Tips & Tricks

We know you may be new to this process, so we have a few helpful tips for you. Follow these, and you’ll be golden.

Try Not to Sweat Your Credit History Too Much

Your credit history is essentially an itemized list of major purchases and how vigilant you were in paying them. Some drivers might worry their credit history will bar them from a particular car purchase, but with the right team, you shouldn’t have to worry too much.

These professionals know how to work with bad credit. They’ll find the most understanding lender possible and secure the best plan for you.

Consider Trading in Your Current Car for a Down Payment

The bigger your down payment is, the lower your monthly payments will be. And even if you have some cash already put away for this, you can maximize it by putting your current car’s trade-in down on top of things.

Sit Down with the Finance Team and Talk

Working with a dealership’s finance team has a huge benefit: You automatically have someone in your corner. And they’ve got enough skills to find a solution for you.

If you need any more advice, don’t hesitate to sit down with them and chat. They’re here to help, and they’ll gladly let you pick their brains.

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Are You Ready to Find Your Next Used Car?

Now that you have all the necessary financing information, you must be chomping at the bit thinking about your next used car. Well, Miami, Doral, and Hialeah drivers can get started today by checking out our inventory online.

Browse the Braman Honda Miami used selection from the comfort of your own home today!

Posted in Financing, Used Cars