Financing for your used car

Getting a used car would certainly save a lot on your costs but you will still need a finance provider in order to purchase a good one. There are many tools online where you can find reliable financial institutions that will give you guaranteed car finance even if you have a poor credit history. Such services are very advantageous to you as a car buyer as the sites are user-friendly and you would be able to apply for the service easily using the form that is provided. For UK buyers, this site that we found called Used Car Finance Quote would be an excellent choice for them as it has all the features we have just mentioned above and much more. You can search for poor credit car finance services without any deposit to use these services. This is certainly a good online service to use, especially in current times.

32 thoughts on “Financing for your used car

  1. hey guys, if anyone knows about financing please i need your help. My sister is trying to get a car, a 3-series sedan and the vehicle costs about 23,000. The guy at the used car dealership said that with a co-signer, who she has, my dad. My dad has about 780+ credit score and he wants to put $5,000 down. The guy said with a 72 month payment plan it will be 12% interest rate. Doesnt that sound alittle too high? even with my dad co-signing for her. Btw we live in CA if that helps.

  2. I’m 18 years of age and currently do not have a credit rating what so ever. I want to get a car on finance for reliability more than anything. Do you know of any companys that allow you to use a parents credit rating to back you up? ( i have a phone on contract which is under my fathers name for the credit rating)

  3. hey guys, if anyone knows about financing please i need your help. My sister is trying to get a car, a 3-series sedan and the vehicle costs about 23,000. The guy at the used car dealership said that with a co-signer, who she has, my dad. My dad has about 780+ credit score and he wants to put $5,000 down. The guy said with a 72 month payment plan it will be 12% interest rate. Doesnt that sound alittle too high? even with my dad co-signing for her. btw were in CA if that helps.
    the good thing is that it has no prepay penalty. The 72 months isnt the worry, its the 12% which doesnt sound right for someone with 780 credit score. shouldnt it be around like 7?

  4. Just how does this work? They still run your credit though. My credit is horrible right now, I am working on it but its just not that easy. I dont really have any money for a down payment so my situation is complicated. Before I go to one of these lots I just wanted to get some more info or any other suggestions before I get haggled by another car salesmen. Thank you

  5. I’m in the process of financing a used car from a private seller through a bank. I’m co-signing with my mom, because I’m still in college and intend to pick up payments after graduation. I understand that dealers can finance cars through their own unions for less than what a bank would charge, therefore I’m not sure what interest rates to expect. I also understand that interest rates vary depending on your credit–I just need a ball park range of what I need to expect in order not to get completely ripped off.

  6. I was told that although I bought a used car, I could somehow claim it on my taxes and get a sizable amount of money back for it…is this true?

  7. I am thinking about getting my first used car loan. If I go to a few different dealerships and they check my credit score for pre-approval for financing, does this negatively affect my credit score? If Dealer A checks my credit on Monday, and Dealer B and C checks my credit on Tuesday.. does this have negative impacts on my actual credit score, or report?

    Thanks.

  8. I’m looking online and the payment estimate calculator asks for the APR.
    I’m just browsing for the future.

  9. I’m in the process of financing a used car from a private seller through a bank. I’m co-signing with my mom, because I’m still in college and intend to pick up payments after graduation. I understand that dealers can finance cars through their own unions for less than what a bank would charge, therefore I’m not sure what interest rates to expect. I also understand that interest rates vary depending on your credit–I just need a ball park range of what I need to expect in order not to get completely ripped off.

  10. If you buy the car in full (pay for the car at once, not lease or financed) do you need to have collision coverage?
    If I get into an accident with somebody, wouldn’t the other person’s insurance pay for my car’s damage?
    I’m planning to buy a used car for $17000 (paying in full) should I get collision coverage?
    also somebody explain Liability and full coverage for me (I guess full coverage is selecting every coverage when you lease for finance your car).

  11. i have a toyota corolla 04.. i brought the car from a dealership and it was a used car, only one person had the car before me. But i feel the amount i paid for the car i could have gotten something better. But it was already to late. i know the car is not fully mine, because im still paying on it..what to do ????

  12. I’m in the process of financing a used car from a private seller through a bank. I’m co-signing with my mom, because I’m still in college and intend to pick up payments after graduation. I understand that dealers can finance cars through their own unions for less than what a bank would charge, therefore I’m not sure what interest rates to expect. I also understand that interest rates vary depending on your credit–I just need a ball park range of what I need to expect in order not to get completely ripped off.

  13. i’m just starting to build my credit. i have a store credit card and a regular visa credit card. i’m not too familiar with credit and what goes on your report but about a year and a half ago I financed a car through a little used car lot because i didn’t have credit so no one would approve me. It was financed through mid atlantic finance or something like that. i was wondering if this goes on my credit report and raises my credit score. also does it raise your chances of getting approved for a new car when dealers see that you’ve paid off a car before? it wasn’t that expensive (about 4500) but does it still look good?

  14. To clarify my question:
    I am buying the car and the title is on my name (when you use financing the title is on your name and you can sell the car next day if you want), so I am the owner. And I decide to go for a six month vacation to Europe, and I want to take my car with me? Where is the problem here ?
    Hi guys!
    I shipped the car last night!
    Keep up the good work giving wrong answers!

  15. I’m in the process of financing a used car from a private seller through a bank. I’m co-signing with my mom, because I’m still in college and intend to pick up payments after graduation. I understand that dealers can finance cars through their own unions for less than what a bank would charge, therefore I’m not sure what interest rates to expect. I also understand that interest rates vary depending on your credit–I just need a ball park range of what I need to expect in order not to get completely ripped off.

  16. i’m just starting to build my credit. i have a store credit card and a regular visa credit card. i’m not too familiar with credit and what goes on your report but about a year and a half ago I financed a car through a little used car lot because i didn’t have credit so no one would approve me. It was financed through mid atlantic finance or something like that. i was wondering if this goes on my credit report and raises my credit score. also does it raise your chances of getting approved for a new car when dealers see that you’ve paid off a car before? it wasn’t that expensive (about 4500) but does it still look good?

  17. If you buy the car in full (pay for the car at once, not lease or financed) do you need to have collision coverage?
    If I get into an accident with somebody, wouldn’t the other person’s insurance pay for my car’s damage?
    I’m planning to buy a used car for $17000 (paying in full) should I get collision coverage?
    also somebody explain Liability and full coverage for me (I guess full coverage is selecting every coverage when you lease for finance your car).

  18. i’m just starting to build my credit. i have a store credit card and a regular visa credit card. i’m not too familiar with credit and what goes on your report but about a year and a half ago I financed a car through a little used car lot because i didn’t have credit so no one would approve me. It was financed through mid atlantic finance or something like that. i was wondering if this goes on my credit report and raises my credit score. also does it raise your chances of getting approved for a new car when dealers see that you’ve paid off a car before? it wasn’t that expensive (about 4500) but does it still look good?

  19. I’m 18 years of age and currently do not have a credit rating what so ever. I want to get a car on finance for reliability more than anything. Do you know of any companys that allow you to use a parents credit rating to back you up? ( i have a phone on contract which is under my fathers name for the credit rating)

  20. i’m just starting to build my credit. i have a store credit card and a regular visa credit card. i’m not too familiar with credit and what goes on your report but about a year and a half ago I financed a car through a little used car lot because i didn’t have credit so no one would approve me. It was financed through mid atlantic finance or something like that. i was wondering if this goes on my credit report and raises my credit score. also does it raise your chances of getting approved for a new car when dealers see that you’ve paid off a car before? it wasn’t that expensive (about 4500) but does it still look good?

  21. I’m 18 years of age and currently do not have a credit rating what so ever. I want to get a car on finance for reliability more than anything. Do you know of any companys that allow you to use a parents credit rating to back you up? ( i have a phone on contract which is under my fathers name for the credit rating)

  22. i’m just starting to build my credit. i have a store credit card and a regular visa credit card. i’m not too familiar with credit and what goes on your report but about a year and a half ago I financed a car through a little used car lot because i didn’t have credit so no one would approve me. It was financed through mid atlantic finance or something like that. i was wondering if this goes on my credit report and raises my credit score. also does it raise your chances of getting approved for a new car when dealers see that you’ve paid off a car before? it wasn’t that expensive (about 4500) but does it still look good?

  23. i’m just starting to build my credit. i have a store credit card and a regular visa credit card. i’m not too familiar with credit and what goes on your report but about a year and a half ago I financed a car through a little used car lot because i didn’t have credit so no one would approve me. It was financed through mid atlantic finance or something like that. i was wondering if this goes on my credit report and raises my credit score. also does it raise your chances of getting approved for a new car when dealers see that you’ve paid off a car before? it wasn’t that expensive (about 4500) but does it still look good?

  24. I’m 18 years of age and currently do not have a credit rating what so ever. I want to get a car on finance for reliability more than anything. Do you know of any companys that allow you to use a parents credit rating to back you up? ( i have a phone on contract which is under my fathers name for the credit rating)

  25. If you buy the car in full (pay for the car at once, not lease or financed) do you need to have collision coverage?
    If I get into an accident with somebody, wouldn’t the other person’s insurance pay for my car’s damage?
    I’m planning to buy a used car for $17000 (paying in full) should I get collision coverage?
    also somebody explain Liability and full coverage for me (I guess full coverage is selecting every coverage when you lease for finance your car).

  26. I’m 18 years of age and currently do not have a credit rating what so ever. I want to get a car on finance for reliability more than anything. Do you know of any companys that allow you to use a parents credit rating to back you up? ( i have a phone on contract which is under my fathers name for the credit rating)

  27. I’m in the process of financing a used car from a private seller through a bank. I’m co-signing with my mom, because I’m still in college and intend to pick up payments after graduation. I understand that dealers can finance cars through their own unions for less than what a bank would charge, therefore I’m not sure what interest rates to expect. I also understand that interest rates vary depending on your credit–I just need a ball park range of what I need to expect in order not to get completely ripped off.

  28. I’m in the process of financing a used car from a private seller through a bank. I’m co-signing with my mom, because I’m still in college and intend to pick up payments after graduation. I understand that dealers can finance cars through their own unions for less than what a bank would charge, therefore I’m not sure what interest rates to expect. I also understand that interest rates vary depending on your credit–I just need a ball park range of what I need to expect in order not to get completely ripped off.

  29. If you buy the car in full (pay for the car at once, not lease or financed) do you need to have collision coverage?
    If I get into an accident with somebody, wouldn’t the other person’s insurance pay for my car’s damage?
    I’m planning to buy a used car for $17000 (paying in full) should I get collision coverage?
    also somebody explain Liability and full coverage for me (I guess full coverage is selecting every coverage when you lease for finance your car).

  30. If you buy the car in full (pay for the car at once, not lease or financed) do you need to have collision coverage?
    If I get into an accident with somebody, wouldn’t the other person’s insurance pay for my car’s damage?
    I’m planning to buy a used car for $17000 (paying in full) should I get collision coverage?
    also somebody explain Liability and full coverage for me (I guess full coverage is selecting every coverage when you lease for finance your car).

  31. If you buy the car in full (pay for the car at once, not lease or financed) do you need to have collision coverage?
    If I get into an accident with somebody, wouldn’t the other person’s insurance pay for my car’s damage?
    I’m planning to buy a used car for $17000 (paying in full) should I get collision coverage?
    also somebody explain Liability and full coverage for me (I guess full coverage is selecting every coverage when you lease for finance your car).

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