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

Financing Down Payment

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.

How Can I Improve My Credit Score Before I Buy a Used Car?

Your credit score is one factor that may impact the type of auto loan you can get. If your credit score isn't as high as you'd like it to be, there are a few steps you can take to improve it before buying your next used car.

First, you’ll want to verify that all the information on your current credit report is accurate. If you notice any discrepancies, you can then dispute them. After that, you’ll want to:

  • Get up to date with any past-due payments
  • Stay current with all future bills
  • Leave any unused credit lines open

What Is Nissan Certified Pre-Owned (CPO)?

At our dealership, we carry both traditional used cars and certified pre-owned (CPO) models. Nissan CPO vehicles are models that have passed a comprehensive 167-point vehicle inspection by a qualified technician.

On top of that, our Nissan CPO cars all have fewer than 80,000 miles on their odometers. They also come with special perks to give you extra peace of mind before you buy, such as:

  • Roadside Assistance
  • Limited warranty coverage
  • CARFAX® Vehicle History Report™
  • And more!

Payment Calculator

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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Contact Us

(302) 326­-6100

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114 S Dupont Hwy • New Castle, DE 19720

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Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

Sheridan Nissan 39.66374, -75.604525.