At Shea Chevrolet, we have an extensive selection of used Chevrolet SUVs, so we’re confident that there’s a perfect match for you in our inventory. Many drivers looking at pre-owned models wonder if financing is possible. The answer is yes, though there are some differences from financing a new model to be aware of. Here are the details about financing your used Chevy SUV.
What’s the Difference Between New and Used Car Financing?
Any time a lender loans money, it is a risk to them, because they can’t be certain they’ll get their money back. It can be even more of a gamble to loan money for a pre-owned car, because the lender doesn’t want to run the risk of the loan outliving the vehicle. For some buyers, this may mean you’ll need a shorter loan term, or you may have a higher interest rate.
Why Buy Pre-Owned?
There are still undeniable perks to financing a used SUV. For starters, used vehicles are typically more affordable than new vehicles, so you won’t need to borrow as much. This means you won’t need to come up with as much for a down payment and your registration and insurance costs will likely be lower as well. Plus, used cars don’t depreciate as quickly as new cars.
How Do I Get Approved for Financing?
You can quickly apply for financing online through our website or in person with our team. You just need to provide your employment info, income, and housing info. We also will need to pull your credit. Then, we will give your info to our trusted lenders to find a loan that matches your desired terms.
Apply for Chevy Financing in Flint, MI
Our dealership works with a circle of lenders and can certainly help you find a competitive loan for a used Chevrolet SUV. There’s no need to wait. Visit Shea Chevrolet to get started today!
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Pre-Owned Inventory