Used Car Financing Tips for Ann Arbor Drivers

Shopping for a new-to-you car? If so, it's natural to have some concerns regarding financing a used car. There are misconceptions that using car financing has become more challenging over time. We at Subaru of Ann Arbor are here to reassure you that used car financing remains as simple and easy as possible.

If you’d like to know more, drop by our dealership in Ann Arbor, MI, and sit down with our financing team. We'll help you find a customized deal to suit your requirements and situation. No longer will financing woes hold you back from realizing your dream of owning a car.

Below, let’s go through five steps for you to follow to ensure a hassle-free used car financing experience.

How to Finance a Used Car

Make financing your used car much easier by following this convenient five-step process.

Know your credit score

The first step is to know your credit score, and if you don’t know it, you can easily find it. There are many avenues to do so, online and offline. However, we’d recommend using a recognizable and renowned source, as there are many dubious players with the aim of stealing your information. Once you know your credit score, you can determine your budget and estimate the expected interest rate on your loan. Then, you can work backward to determine the most convenient monthly payment amount and total car price you can realistically afford.

Start Shopping

This is the most engaging step, as the entire family can get involved. Here, you research the makes and models and determine which used car is perfect for you. Let us help you get started, as we at Subaru of Ann Arbor have an excellent selection of used cars in our inventory. Furthermore, you can rest assured that used cars sold by us have been meticulously checked for issues before being accepted onto our lot, so you won’t find any unpleasant surprises down the line.

Apply for Financing

It’s easy to do so at Subaru of Ann Arbor, as we have an online financing application that you can fill out from the comfort of your home or office. It takes just a few minutes, and we'll evaluate it as soon as possible.

Discuss Your Options With Our Team

After submitting your application, our team will carefully evaluate it. When we have a set of options for you, we’ll get in touch and go over each one to ensure you receive the option that best fits your circumstances.

Get Approved and Drive Your Car Home

The final step is the most satisfying one, and that's once you get your used car loan approved and sign all the necessary paperwork. Then, you can drive home in your new-to-you car from Subaru of Ann Arbor and start enjoying it.

With our five-step process, you can see how easy it is. Why not start by browsing our online inventory to find your dream used car? We’ve got a great range of sedans, minivans, SUVs, and pickup trucks to choose from.

We also offer used car specials and run parts and service promotions from time to time. Plus, our service center staff are trained and experienced to work on all types of vehicles, so you can rely on us to keep your car running at peak condition.

Apply for a Used Car Loan at Subaru of Ann Arbor

Buying a used car and financing it isn't hard once you've read through our used car financing tips. We've got many customers who were pleasantly surprised by how easy the entire process was. That's why shopping for a used car at Subaru of Ann Arbor is your best decision. Swing by our dealership in Ann Arbor, MI, today, and let’s get started.