When you visit Heritage Chrysler Dodge Jeep® RAM Parkville, you won't just find the latest models. You'll also find an incredible selection of used Dodge and Jeep vehicles, RAM trucks, and Chrysler cars.
Some people wonder if they can finance a used car instead of paying for the full price upfront, and the answer is yes! Our financing department is ready to help you out.
How to Finance a Used Car
Financing a used car works similarly to how financing a new car does. If you've never financed a vehicle before, here are the basics. First, you place a down payment on the vehicle. This is often for around 20 percent of the vehicle's total price.
Then, you finance the rest. You can even apply for financing conveniently through our website. We just need a bit of information from you so that we can work to find and secure you a loan that best meets your needs.
Don't worry if your credit history isn't perfect; we work with a wide range of lenders to help as many drivers as we can find loans that work for them.
Common Finance Terms
If you're securing a loan for the first time, you should also know some of the common financing terminology. There's the APR, which is essentially the interest rate. The lower the APR, the better.
Then there's the loan term. This is how long you have to pay back the loan on your financed vehicle. A longer loan term means lower monthly payments, but more interest paid out over time.
Talk to Our Financing Experts Soon
Visit our Dodge dealership serving Baltimore, MD today and find a pre-owned vehicle that suits your budget and driving needs. If you have any questions about Chrysler financing or what features are available in our used vehicles, we're ready to assist you!