How Long Can You Finance a Used Car?

Cars are a huge investment, and it’s important to know that you will do it while maintaining the best financial position possible. When you finance a car, you take out a loan to purchase the vehicle, and then you repay that loan over time. There are different options for paying for a new Toyota, leasing a new Toyota, or buying a used certified Toyota. Today, we’re going to be focusing on specifically used cars. So, How long can you finance a used car? Toyota of Clermont car experts are here to help you answer this important question. 

What to know about financing a used car

When you finance a car, you pay for it in smaller increments rather than fully paying for it upfront. Therefore, if you reduce your monthly payment, you may need to pay extra in the long run to pay off the loan and increase. 

How long can you finance a used car?

Car loan lenders offer contracts to finance used car buyers from anywhere from 24 months to 84 months. There are some differences when it comes to financing a used car. That’s because cars depreciate once they are driven off the dealership lot by quite a lot. So, buying a used car has plenty of benefits. For example, you may get a better price. However, since they are used cars, there are risks associated with them. The risks could be that, depending on the year, they don’t run as long as a new car would, especially if you purchase an older model. 

Here are some tips for used car shopping

Toyota of Clermont experts are here to give you some tips for used car shopping that helps when you decide to finance a used car. Check out these shopping tips!

  • Decide on a price point that you feel most comfortable with paying before you go used car shopping.
  • Figure out which car features are essential for you. For example, look into the fuel economy, Apple CarPlay accessibility, safety features, heated car seats, and more!
  • Test drive the car before buying it to ensure you enjoy how it drives and it’s a smooth ride. 

Here at Toyota of Clermont we have certified pre owned vehicles for sale! You also want to make sure that the used car you buy has these different qualities. This will ensure you get the best out of your car investment in Clermont, Florida. 

  • Accident-free 
  • In good condition
  • No older than six model years
  • Less than 85,000 miles
  • Must be certified by passing a 160-point quality assurance inspection 

Visit Toyota of Clermont for a used vehicle!

We have Toyota Certified Used Cars to ease your worry and make buying a used car simple and comforting. So, what are you waiting for? Come to shop Toyota of Clermont for a great selection of certified pre-owned vehicles at prices that fit your budget. Call (352) 404–7000 for more information, or stop by the dealership at 16851 State Road 50. We’re open seven days a week for your convenience!