Is It Possible to Finance a Pre-Owned Automobile?

When drivers visit our location to buy a new vehicle, a lot of them plan on financing at least a portion of their upcoming purchase. While it’s fairly common knowledge that you can take out a loan to buy a new automobile, some motorists don’t realize they can finance a pre-owned vehicle too. With that in mind, we invite you to look through our inventory of used cars to find a new-to-you model that will fit within your budget.

How Our Finance Process Works

Whether you’re going to apply for a loan for a new vehicle or a previously owned model, the financing process can be intimidating. That’s not the case when you apply for an auto loan through our New Richmond, WI Jeep® finance center however The financing experts at our location make applying for a loan an enjoyable, stress-free endeavor.

You can initiate the financing process before you even visit our location if you apply for financing using our secure website. After we receive your application, we’ll reach out to you so we can discuss your current transportation needs and any lifestyle changes you anticipate happening in the next few years. This part of the process is important so we can help you choose the body style, model, and trim that will continue to support your lifestyle in the years ahead.

Next, we’ll review your credit score. No matter what your credit score is, we’ll still be happy to help you secure an auto loan, so don’t let an imperfect score stop you from partnering with us.

We’ll then send your application and our notes to our trusted lenders. When we hear back from them, we’ll present the offers you qualified for and help you choose the car loan that’s the most favorable to you.

Benefits of Financing a Previously Owned Car

Being a Jeep dealer serving Greater Stillwater, MN, and surrounding areas, we can tell you that financing a pre-owned model is often less expensive than doing the same for a new car. That’s because previously owned automobiles typically cost less than their new brethren.

In addition, financing a pre-owned car can help you establish a credit history or improve your existing credit score. When you make your monthly loan payments on time, your credit score will go up over time, assuming you’re equally responsible with your other debt obligations.

To find and finance a pre-owned vehicle, visit Bernard’s Northtown Chrysler Dodge Jeep RAM today!