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How to finance a used car?
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8th Dec 2009 by Gary
A used car is financed in the same way a new car is financed. The usual outlets of a bank, credit union or a financial arm of a manufacturer is used for financing. There are also a lot of used car lots which offer financing right there once you choose the car you want. Some of the elements that could be considered when financing a used car would be its condition and of course its age. The older it is and more problems with it, the harder it would be to finance through traditional outlets, if it could be financed at all.
A used car is financed in the same way a new car is financed. The usual outlets of a bank, credit union or a financial arm of a manufacturer is used for financing. There are also a lot of used car lots which offer financing right there once you choose the car you want. Some of the elements that could be considered when financing a used car would be its condition and of course its age. The older it is and more problems with it, the harder it would be to finance through traditional outlets, if it could be financed at all.
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This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
21st Oct 2009 In Finance
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