Tips for Financing a Used Car

So, you’ve looked through our inventory and found the model for you. Now it’s time to purchase your used car. The question is, how exactly do you do that? With these tips for financing a used car from Arlington Toyota, we’ll make sure you feel confident moving forward with your car buying adventure.

We’ll have you out on those Palatine, Arlington Heights, and Rolling Meadows, Illinois, roads with your used car in no time at all.

How To Finance a Used Car

Financing a used car is very similar to financing a new car. You’ll have to complete a lot of the same kinds of paperwork, like a credit application, so that one of our team members can start looking into potential payment plans for you.

Based on your information, our available deals and incentives, and rates from a local lender, we’ll build a payment plan that was made just for you.

While that’s all simple, there are a few things you can do ahead of your visit to help things move more smoothly.

Getting Ready To Purchase Your Used Car

Research is key! Looking into the cost of the vehicle you plan to buy and use our payment calculator to help you get an idea of the monthly payment you may end up with. You can even factor in your trade-in vehicle after you find its approximate value using our CARFAX® tool.

Before you being to apply for financing, take some time to check up on your credit score. Knowing your score can help you estimate the rates you qualify for.

If you feel confident after doing this preliminary research, you’ll be ready to get preapproved for finance. Filling out our online credit application before you visit our dealership will ensure that you and our team member will be ready to jump right into your payment plan.