Financing Your Pre-Owned Vehicle in Falls Church

Pre-Owned Car Financing Tips in Falls Church, VA

When you’re looking to buy your next vehicle, it can be a lot less expensive to go down the pre-owned-car route if you do it correctly. Financing can be tricky, often resulting in a high monthly payment due to interest rates. By using proper financing techniques and applying patience, you can get a great deal on your pre-owned vehicle. The team at Bill Page Honda has created a simple guide designed to help you get the best deal on your next pre-owned vehicle, so before you head into the dealership, be sure to have a game plan.

5 Tips for Financing a Pre-Owned Vehicle

1. Know Your Credit Score: A crucial part of financing a vehicle is your credit score and overall credit history, as this directly impacts your interest rate. You’ll want to improve your credit score as much as possible before going to purchase a car. Having a high credit score can get you a lower interest rate and save you a pretty penny on your loan.
2. Research Lenders: You don’t want to wait until you’re at the dealership to start thinking about lenders. Before you head in to find your next vehicle, do some research with lenders on your own. Check out the differences between bank loans, dealership financing, and online lenders to find the one that’s best for your lifestyle and budget. If you have a pre-approved offer in hand when you walk in, that creates an incentive to compete.
3. Consider a Larger Down Payment: One of the most useful financing tips we can offer is to provide a large down payment at the time of purchase. Doing so will get you a lower monthly payment, saving you money in the long run. Being able to provide a larger down payment can also make you more attractive to lenders.
4. Shop with Confidence: Once you’ve been pre-approved for a loan and have your down payment in hand, you can arrive at the dealership with confidence. Finding your next vehicle will be a breeze once you’re armed with information and have a plan set in place.
5. Be Wary of Red Flags: Purchasing a pre-owned car requires a few more steps than when you purchase a new vehicle, and one of the most important is to get a vehicle history report. You want to make sure that the vehicle you’re interested in hasn’t been in any major accidents or has title issues, and it’s recommended to have the vehicle checked out by an independent mechanic that you trust.

Find Your Pre-Owned Vehicle at Bill Page Honda

At Bill Page Honda, we understand that finding your next vehicle can be stressful, which is why we strive to make the process as cut and dry as possible. Explore our impressive selection of pre-owned and certified pre-owned vehicles online or by visiting our dealership in Falls Church, VA. Our team is dedicated to providing a pleasant shopping experience and will work with you to find the perfect vehicle and financing option for your lifestyle. Go online or give us a call to get started.

We look forward to hearing from you.