Do You Need Full Coverage on a Used Financed Car?

Signing Finance Documents for Car

There are a lot of questions that may come up when purchasing a pre-owned vehicle for your Guthrie commute. You might be asking yourself, “Do you need full coverage on a used financed car,” or maybe, “How many years can you finance a used car?” Our team of experts near Edmond are here to answer those questions. From start to finish, we promise to make sure you’re confident in your decision and that you don’t have any lingering questions. Visit Eskridge Chevrolet today and we’ll get you into the vehicle you desire, even if you need to apply for a car loan with credit that needs some work.

 

 

How to Finance a Used Car – Facts & Insurance Information

Our knowledgeable team is here to help you understand how to finance a used car for your Stillwater adventures. The answer to, “Do you need full coverage on a used finance car,” is no in most cases. While most states don’t require you to have full coverage when you purchase a new or pre-owned vehicle, loan lenders do want to make sure their investments are protected. Because of this, most banks and financial institutions require you to have full coverage on your vehicle.

How Many Years Can You Finance a Used Car?

Now that we’ve answered if you need full coverage on a pre-owned vehicle, how many years can you finance a used car? The answer is, it depends. When you apply for financing, your lender will begin explaining the terms available for purchasing your vehicle. Factors like your credit score and your down payment will affect how long the financing period or loan term will be. Some information we’ll need from you to start the process would be:

  • Valid driver’s license and form of identification.
  • Valid auto insurance information.
  • Documents showing financial responsibility such as most recent pay stubs.
  • If you’re trading in a vehicle, make sure to bring documentation for that vehicle as well.

When you find a vehicle that fits your Perry lifestyle, feel free to visit our finance center for specifics on your loan term.

Finance Your Next Vehicle with Eskridge Chevrolet Today!

If you have any lingering questions about how to finance a used car and what documentation is needed, visit us in Guthrie and we will assist you in any way we can. Our team of experts promises to be there every step of the way and help with the car buying process. Join the Eskridge Chevrolet family today and contact us to start your car shopping journey or learn more about buying vs. leasing. We can’t wait to work with you!

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Guthrie, OK 73044
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Main 405-293-4224 Sales 405-293-4224
5307 South Division Street
Guthrie, OK 73044
Eskridge Chevrolet , .