Buying a quality used car can be a great way of getting the features you want without the higher expense of a new vehicle. Depending on the cost of the used vehicle, financing it may be a good option. Here are some tips to help Valdosta customers understand used car financing.

With a used vehicle, you don't need to finance the entire amount. You can talk with our team about getting an estimate on the value of your trade in. Along with a down payment, this can help lower the overall cost of your used car financing. As a locally owned dealer in Douglas, we can give you a fair rate for your trade-in.

Another consideration is the length of your loan. While a longer duration of six, seven or even eight years can give you a lower monthly payment, you'll likely end up paying more interest. Proper maintenance will prolong the life of your used vehicle, but, like any vehicle, you may have to make some costly repairs in the long run. With a longer loan duration, Waycross drivers could end up paying for a vehicle that's not drivable. It can be a good idea to shop for a Certified Pre-Owned model so that you can get a factory-backed warranty with your used car.

When considering your loan options, you'll want to also factor in other car costs such as future repairs, maintenance, insurance and other costs of ownership for driving in the Tifton area.

Interest rates will typically be higher for a used vehicle when compared to a new one. With this in mind, you should shop around for the best rates. Your credit score will play an important part in getting a lower interest, but it doesn't have to be the only factor. Our finance team maintain strong relationships with banks and lenders around Douglas, so we can help you find a financing solution that matches your budget at Woody Folsom Chrysler Dodge Jeep RAM.