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Financing A Used Vehicle Near Florence, SC
We Can Help You Finance A Used Vehicle Near Florence, SC
When you purchase a used vehicle near Florence, SC, you might feel a bit stressed about securing a loan that will meet your needs. In many cases, dealerships focus most of their attention on new car buyers, and people purchasing a used vehicle often receive less assistance and attention. However, when you shop at any of the 16 ALM Cars locations, including ALM Hyundai Florence, our finance team is with you every step of the way.
We invite you to reach out to this dedicated team even before you arrive at the dealership to get a head start on the finance process. You can be preapproved before arriving to know precisely what your budget will be and the vehicles that will fit that number and not over stress you when making the monthly payment. Additionally, our finance staff is available to answer any questions you may have while shopping, ensuring you fully understand the process and your options for financing a used vehicle for sale near Florence, SC.
What To Know About Your Credit Score And A Used Vehicle Loan Near Florence, SC
The interest rate on your used vehicle loan will be based primarily on your credit score, a three-digit number used to rate your creditworthiness. The better your credit score, the lower your interest rate. Any score over 800, the system maxes out at 850, is considered excellent, and will secure a great rate. A score from 740 to 799 is still classified as very good and will provide you with choices with very reasonable interest rates. As your credit score declines, the interest rate increases, with buyers finding it challenging to secure a vehicle loan when their credit score is 580 or lower.
Can I Buy A Used Vehicle With A Low Credit Score?
When you have a low credit score, or you have not established a credit history, you could find it hard to secure a vehicle loan. However, the experts in the finance department at ALM Hyundai Florence possess considerable expertise in securing subprime loans to assist buyers with low credit scores. These loans have a higher interest rate because of the increased potential for the borrower to default. However, they are a great tool to help these buyers rebuild or establish a strong credit history. Using a subprime loan to finance a used vehicle for sale near Florence, SC, can be the ideal way to begin to bolster your credit and allow you to refinance after a year of making on time payments to raise your credit score.
Why Purchase And Finance A Used Vehicle At ALM Cars
When you work with the dedicated staff at ALM Cars, you will appreciate the skill and hard work of the in-house finance team as well as each of the other team members who have a part in your buying and financing experience. As a dealership, we are wholly focused on ensuring that each customer has the best possible experience working with ALM Cars. To help ensure the success of your purchase, we offer a Five-Day/300-mile exchange program, allowing you to select a new vehicle of equal or greater value if your original purchase does not meet your needs. That freedom, along with our complete transparency and dedicated staff, provides exceptional peace of mind when making a large purchase, such as a used vehicle near Florence, SC. Finally, if you are one of our valued internet buyers, ALM Cars will deliver your vehicle to your home anywhere in the nation to eliminate the added stress of that transportation or your travel to pick up your new car, truck, or SUV.
At ALM Hyundai Florence, we look forward to helping you with your next vehicle purchase and delivering the best buying experience to earn your loyalty for life.