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In most cases, the interest rate on a new car loan is lower than the interest rate on a used car loan. This is the due to the fact that most borrowers will keep the new car longer than a used one.

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13y ago

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Does it take long to finance a car?

It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.


Can you finance a used car with no credit?

Definitely you can finance a used car with no or bad credit. Actually it is very easy these days. The reason is most of the used car dealers and used car finance offer it because your used car is a collateral until you pay off the loan.


What if you buy a used car and it breaks and you still owe on it?

My car is in the impound, i still owe 7,000.00 the impound put a lean. Will the finance Co. take me to collection?


Are cars available for finance?

You can finance new or used cars. You can lease a car or take out a loan, though a loan is better in the long run. Your dealership usually has a person who assists in getting you a loan.


What happen if you file bankruptcy and have not been discharged and buy a car and have it finance?

If you file bankruptcy and you have not been discharged the car that you buy can be used to finance it.


Can you return a used car to the finance company in Canada?

Yes, you can return a used car to the finance company in Canada. However, you also can consider returning it to the dealer you bought it from as well.


Can you take over car payments?

Yes, with the agreement of the finance company.


How used car dealer finance their car?

They making some buy and sell stuffs.


How does one obtain finance when buying a new car?

To obtain finance when buying a new car you can go to a bank and take out a personal loan or a car loan. Your local bank will be able to help you get financing.


Can the dealership take your car?

If you mean can the dealership take your car, if you don't make your payments. Yes. Usually the finance company will take your car, because the dealership has already passed your account to the finance company. If you have made a deal for a car that the dealership later discovers you don't meet the financial criteria, they will take your car back and offer you a lesser model for deal that suits your budget better.


Is it better to finance your car at the dealership or elsewhere?

If you want to get the best price on a new or used car, it


What is finance at a car dealer ship?

Finance means you take out a loan to pay for the vehicle, then you make regular payments to repay the loan.