At Sheridan Nissan, we offer a wide selection of used cars to shoppers across New Castle, Wilmington, and Newark, Delaware. Along with that, we want to help you be as informed as possible throughout your all your automotive adventures.
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!
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.|
When it comes to financing a used car, you first want to determine your budget. This will help you narrow down your options and home in on models that fit your lifestyle, preferences, and target price range.
Once you’ve narrowed down the options and homed in on the used car with the features, specs, and price you want, you can officially apply for a car loan. Then, you’ll compare your offers from different lenders and pick the interest rate, loan term, and overall agreement that best suits your needs.
As you move through your used car search, we invite you to check out our vehicle reviews. Reading these will give you a better sense of what different models have to offer.
Additionally, you can check out used car rankings online along with safety ratings from trusted sources like the Insurance Institute for Highway Safety (IIHS), the National Highway Traffic Safety Administration (NHTSA), and Kelley Blue Book®.
Refine Your Used Car Search
Conducting automotive research can further help you narrow down your options based on features, specs, performance, and more. It’s also useful to create a list of your top priorities, such as your preferred:
Once you have an idea of the type of used car you want, you can then schedule your test drives before you make your final decision. 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.
For your convenience, we also offer a few financing tools you can access online. These will enable you to jump-start the financing process from the comfort of your own home. Our virtual finance tools include:
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 before you arrive.
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, or Newark, DE!