Once you step into a car dealership, you can expect that one of the first questions you will be asked is how you plan to pay for the used car. There are many ways to obtain used car financing, and different institutions offer different rates and terms. Therefore, it is important to research to determine what option will work best for you.
To avoid the stress and headaches that often come with dealing with traditional financial institutions, you can take advantage of Mid-Rivers Motors’ guaranteed used car financing.
Why You Need Used Car Financing
Financing is a great option if you don’t have the money right now to buy a used car. It eliminates the burden of having to come up with a large amount of money outright.
However, you also have to think about the added financial obligation that you will have to pay for each month. This is why you need to approach financing carefully, without compromising your financial capacity.
There are three ways that you can obtain used car financing. These include:
- Banks: Traditionally, banks have very conservative loan policies and will only approve those that have great credit history. If you are planning to go down this route, you may want to inquire with the bank that holds your checking and savings accounts, since you already have an established relationship with the bank.
- Credit Unions: Credit unions are nonprofit financial organizations that sometimes offer used car financing. However, they usually lend money only to their members.
- Car Dealerships: Dealer financing is one of the most convenient options for buying a new or used car or truck. It often takes a couple of days for a bank or a credit union to process your application for financing. However, it is possible to go to a dealership, apply for used car financing, and drive home a car, all in the same day. A used car dealership is also less stringent than traditional lenders, making obtaining financing easier for car buyers with bad credit.
Advantages of Financing Your Used Car Purchase with Mid-Rivers Motors
If you are interested in applying for used car financing in a dealership, you can never go wrong with Mid-Rivers Motors. We offer truly guaranteed financing for everyone. Here are some of the reasons why you should take out a loan with us:
- Low rates offered. We offer both every day and hard-to-find vehicles, all at the lowest prices in the area.
- Everyone is pre-approved. We specialize in helping used car buyers with poor credit or people who have filed for bankruptcy by providing better options and lower interest rates.
- Application is convenient. We make it easy and convenient for you to apply. All you have to do is fill out our quick online car financing form and one of our representatives will be in touch to let you know how much you qualify for. Alternatively, you can visit our dealership off Mid-Rivers and highway 70, and one of our financing specialists will assist you every step of the way.
Contact Us for the Best in Used Car Financing Options in St. Louis
Ultimately, obtaining used car financing directly through a dealer like us is often the best option. To find out about our used cars and pickup trucks for sale and to inquire about our financing options, please call us at 636-970-6800.