Used-Car Financing FAQs Colorado Springs CO


A used car from Red Noland Pre-Owned Center can be the perfect option for Colorado Springs, Cimarron Hills, Fort Carson, and Canon City, CO, drivers looking for their next set of wheels. However, if you’ve never bought a pre-owned vehicle before, you might have a few questions about the financing process.

Below, our finance center can answer some of the most frequently asked about used-car financing, so you’re prepared when you begin the process. Read on to learn all about financing your next automobile.


Used Car Financing FAQs Colorado Springs CO How Do I Finance a Used Car?

Financing a used car is the same as financing a brand-new one. To start, you simply need to submit a credit application to our finance team.

After receiving your application, we’ll contact local creditors and negotiate the best rates on your behalf. Then, we’ll present a few personalized auto-loan options for you to choose from.

By using our online application, you’ll be able to create your ideal financing contract and we’ll do our best to accommodate your needs.


How Do I Know How Much I Can Afford?

It’s our team’s job to help you figure out your buying power. We can start wherever you’re comfortable, whether that is with your dream used car or ideal monthly payment. From there, we’ll help you figure out the right price for your needs.

If you want to conduct some preliminary research on your own, try out our payment calculator. With this free tool, you can test different factors, like vehicle price, loan-term length, trade-in value, and more to figure out a payment range that works for you.

 


Used Car Financing FAQs Colorado Springs CO How Does My Credit Score Affect Financing Rates?

Your credit score can affect the rates that you qualify for. Typically, drivers with higher credit scores qualify for lower interest rates and lower monthly payments.

However, more goes into your credit application than just your score. Different credit-score factors, like your debt-to-income ratio, history of on-time payments, and your credit limits can all be looked at separately by lenders.

So, even if your credit score is less-than-perfect, you might still qualify for great rates.


Can I Trade in My Car for a Used Car?

Used Car Financing FAQs Colorado Springs CO Yes, you can trade in your current vehicle for a pre-owned model! We buy used cars of all types and are happy to give you an estimate for yours.

Getting a preliminary estimate can help you plan your used-car purchase as your current car’s value can be applied toward your down payment. Understanding the amount that you’ll have to work with can help you decide on the type of car you want to get.

Apply for Used-Car Financing in Colorado Springs, CO

Ready to get started with used-car financing at Red Noland Pre-Owned Center? Colorado Springs, Cimarron Hills, Fort Carson, and Canon City, Colorado, car shoppers are welcome to visit our team and begin the process any time.

Apply for used-car financing online today or schedule an appointment with our team if you’d rather do so in person.


Red Noland Pre-Owned is located at: 1260 Motor City Drive • Colorado Springs, CO 80905

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Red Noland Pre-Owned 38.8157829, -104.8322248.