Financing a Used Car

Man and Woman Signing papers

At Ole Ben Franklin Motors of Alcoa, we strive to provide Alcoa car shoppers far and wide with car buying tips and tricks. We want our customers to be loaded with information so they can make an informed decision on their next vehicle purchase. With all the information we provide, combined with our knowledgeable and experienced finance team, you’re sure to find a vehicle that’ll best suit your needs and budget. Today, we’ll answer the following questions to help you with your car shopping journey:

  • Do you need full coverage on a used financed car?
  • How to finance a used car?
  • How many years can you finance a used car?

As always, you can turn to the experts at Ole Ben Franklin Motors of Alcoa for all of your automotive needs.

Do You Need Full Coverage on a Used Financed Car?

After you’ve browsed our comprehensive inventory of dependable pre-owned vehicles, you’re probably wondering, “Do you need full coverage on a used financed car?” The answer is typically no. Most states don’t actually require you to have full coverage once you’ve left the dealership. However, some lenders could require you to have full coverage before you go and drive around Lenoir City. If you want to learn how to finance a used car, we would recommend applying for financing first, and then someone from our finance team will reach out to you with your next steps. Financing a used car can be easy when you have the right team of experts behind you, such as the ones at Ole Ben Franklin Motors of Alcoa!

How Many Years Can You Finance a Used Car?

So, how many years can you finance a used car? If you’ve found your dream vehicle to take on Sevierville adventures, it’s best to pay a lender or dealership finance department a visit to discuss financing terms. Depending on the lender, factors such as your credit score, down payment amount, and others, could change what your terms would look like. When working with a lender, it’s important that you have a couple of pieces of information so they can start looking at your loan rates and terms. Information that might be required could include:

  • Valid driver’s license
  • Valid proof of auto insurance
  • Confirmation of income (pay stubs, bank statements, etc.)
  • Trade-in vehicle information if relevant

Get Auto Financing Today at Ole Ben Franklin Motors of Alcoa

Do you like what you see in our inventory? Pay the finance team at Ole Ben Franklin Motors of Alcoa a visit to begin the process. We’re here to help from start to finish so please don’t hesitate to stop in at our Alcoa dealership. If you have any questions about how to finance a used car or any other concerns, please contact us for assistance!

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