Can You Finance Used Ford Cars?

Considering purchasing one of our used Ford cars? Wanting to finance it? Financing a used vehicle just fine under the right parameters. We’re reviewing the process at Woodhouse Ford of Blair.

How Does Financing Work?

When you want to buy a new or used vehicle, but don’t want to pay the entire cost upfront, you have the option of financing it.

When you finance a vehicle, you apply for an auto loan from a lending institution. Then, they cover the cost of the vehicle, and you pay them back in regular monthly installments.

The lease is set up over a predetermined term, typically lasting anywhere from two to eight years. They also include an interest fee, which is a direct fee you pay your lender.

Can You Finance a Used Car?

In short, yes, you can finance a used car. However, it isn’t always as easy as financing a new vehicle. Lenders can be hesitant to lend money for a used car since there’s no guarantee the used car will outlast the loan.

You may also see higher interest rates on a used car. This is a lender’s way of trying to recoup those costs in case something should go wrong.

What are My Other Options?

Are you having a hard time getting approved? There are plenty of options that can help.

• Consider an affordable new or Certified Pre-Owned Ford vehicle
• Make a larger down payment so you have less to finance
• Pay cash for the vehicle or consider a personal loan to cover the cost

Ready to get started? Reach out to our auto finance center in Blair, NE to get started on the approval process or you can conveniently get preapproved online. We’re happy to help every step of the way!