Do You Need Full Coverage on a Used Financed Car?

Excited Couple Reviewing Trade in Offer with Salesman

 


The finance experts at our dealership are professional and friendly so you’ll have no problem securing financing on your next Bartow commuter. With that being said, there are some nuances that come with financing a pre-owned vehicle and we’re here to help you address some of those distinctions. To start, you might be wondering, “Do you need full coverage on a used financed car?” and the short answer is usually no.

Most states don’t require you to have full coverage insurance, but some lenders will. This is because they want to ensure that their investment is protected. So the long answer to, “Do you need full coverage on a used financed car?” depends on your specific situation. For more information, reach out to your lender or our finance team. In the meantime, the experts from Kelley Automotive Group are going to go over the following to help you learn all about vehicle financing:

  • How to finance a used car
  • How many years can you finance a used car?

How Many Years Can You Finance a Used Car?

So, how many years can you finance a used car? The answer to this question doesn’t necessarily have a specific answer. This is due to the fact that many lenders have different terms and loan durations that might better suit your Winter Haven lifestyle and budget. Even the vehicle you want to get an automotive loan for can affect how many years you’ll be able to finance the vehicle. We suggest you apply for financing to learn more about what loan duration can work for you.

How to Finance a Used Car

After finding the perfect pre-owned vehicle to tackle your Auburndale adventures, your next steps would be to begin financing. But if you don’t know how to finance a used car or you just need a refresher, we’ve got you covered. To begin, you’ll simply complete our financing application and we’ll work to find you a lender.

Once a lender is confirmed, we’ll walk you through the paperwork needed and ensure you understand everything before signing the dotted line. Not sure what information you’ll need to provide for financing? Take a look below:

  • Valid driver’s license
  • Valid auto insurance information
  • Supporting financial documents (pay stubs, bank statements, etc.)
  • Trade-in information (if applicable)

Finance Your Next Vehicle With Us!

Financing your next vehicle doesn’t have to be a long and drawn-out process. At the Kelley Automotive Group finance center, our team will work to ensure that securing your next auto loan is simple and straightforward. Stop by our Lakeland dealership today and see what makes us stand out from the rest! If you have any questions, please contact us online.

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