How to Finance a Used Car
At Sheridan Nissan, we offer a wide selection of used cars to shoppers across New Castle, Wilmington, and Newark, DE. Along with that, we want to help you be as informed as possible throughout your automotive journey.
That’s why we’ve created this guide to financing a used car at our dealership. As you read, feel free to contact a team member with any further questions you may have along the way!
Used Car Financing Terms
When it comes to buying your next used car, it helps to be aware of some of the most common finance terms. A few of these include:
|
FICO Score |
A credit score for consumers issued by the Fair Isaac Corporation |
|
Down Payment |
Cash payment credited against the total cost of a used car, decreasing the remaining balance to be financed |
|
Monthly Payment |
Outstanding amount plus any interest, paid on a monthly basis, per the terms of an automotive financial agreement |
Tips for Picking Out a Used Car
To begin your used car search, head over to our vehicle reviews. Reading these will give you a sense of what different models have to offer. Additionally, you can check out used car rankings online along with safety ratings from sources like the Insurance Institute for Highway Safety (IIHS), the National Highway Traffic Safety Administration (NHTSA), and Kelley Blue Book.
Based on your automotive research, you can then start to narrow down your options. It’s also useful to create a list of your top priorities, such as your preferred:
- Year
- Mileage
- Trim level
- And more!
Once you have an idea of what type of used car you want, you can then schedule your test drives. This will give you the opportunity to spend some time behind the wheel to truly get a feel for each of the models on your short list.
Used Car Financing Tools
We offer a few financing tools online that you can use to jump-start the financing process from the comfort of your own home, including:
- Payment Calculator
- Value Your Trade
- Finance application
With these tools at your disposal, you can compare used car loan estimates, estimate the value of your current car as a trade-in at our dealership, and even get pre-approved for an auto loan.
Slide Into the Driver’s Seat of a Used Car Today
To take the next step toward buying a used car, browse through our inventory online. Also, be sure to check out the auto financing offers we currently have available. Then, contact us at Sheridan Nissan to schedule your used car test drives near New Castle, Wilmington, and Newark, DE!
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(302) 326-6100
Call Now114 S Dupont Hwy • New Castle, DE 19720
Get DirectionsToday's Hours:
Open Today! Sales: 9am-8pm
Open Today! Service: 7:30am-6pm
Open Today! Parts: 7:30am-6pm
