Strategies for Saving on Pre-Owned Auto Financing
October 21 2025, 360.Agency
Financing a pre-owned vehicle often comes with higher interest rates compared to new cars, which benefit from promotional rates and incentives offered by manufacturers. However, there are still several ways to save on financing a used car if you take the time to explore your options and shop smartly.
Opt for Certified Pre-Owned Vehicles
Certified pre-owned (CPO) cars are a great starting point for savings. These vehicles are typically less expensive than new models but come with many of the same benefits, including extended warranties and thorough inspections by the manufacturer. Moreover, automakers often offer attractive financing rates for CPO vehicles, sometimes as low as those for new cars, making them an economical choice. If you want to save money on pre-owned financing, a certified pre-owned vehicle is a great option.
Check Your Credit Score
Your credit score has a direct impact on your financing terms. The better your credit score, the lower your interest rate and the more affordable your financing will be. Therefore, we recommend you check your credit score before applying for financing and more importantly, check to make sure it is free of errors. Errors on a credit report happen more frequently than you may think, and fixing those can improve your score and lead to better financing rates.
Check for Promotions
When shopping for your next pre-owned vehicle, compare the available financing rates and, more importantly, see if there are current promotions on financing.
Choose the Lowest Term Possible
Shorter loan periods will usually have a lower interest rate. You will pay less interest on a 48-month or 60-month loan than a 72- or 84-month loan. Shorter loans will be more expensive, but the idea is to take the lowest possible term for the budget available to you.
Our financing specialists have another way of helping you save money. We work with multiple financing partners, and we can get you the best possible deal every single day. Give us a call and let us help you find the best financing for your needs.
