If you're shopping for a pre-owned vehicle at A.M. Maus and Son, you may have some questions. One thing we're frequently asked is whether or not a used car can be financed. The answer is yes, you can take out a loan on a used vehicle!
If you're a St. Cloud, MN driver who wants to know “Where can I find a reliable financing department and used cars near me?”, our dealership is the answer!
How it Works
The financing process for our used vehicles is essentially the same as the process for financing a brand-new model. You can apply for financing right through our website to get pre-approved. We just need some info from you so that we can determine your income and how good you have been about repaying debts in the past.
If you're approved for a loan, you still have to pay some money upfront. This initial payment, known as the down payment, usually accounts for 20 percent of the vehicle's total purchase price. You can always choose to pay more initially and take out a smaller loan. Our RAM financing department would be happy to work with you!
You should also know some common financing terms if you're taking out a loan on a used car. First up is the APR. This is essentially the interest rate. Obviously, the lower the better, and the better your credit history the better APR you can generally secure.
Then there's the loan term. This is how long you have to pay off your loan. A longer term means lower monthly payments, but more interest paid over time.
Finance a Used Car Today!
Visit our used car dealership in Kimball, MN and see how easy it can be to secure the Jeep® financing that you need. We look forward to assisting you!