Buying a Certified Pre-Owned Cadillac car is a smart choice for a number of reasons. First of all, you know you’re getting an outstanding vehicle, as it had to pass a rigorous inspection and road test. In addition, it comes with warranty coverage and emergency roadside assistance. A Certified Pre-Owned Cadillac is also less expensive than a new model. This guide goes over what you need to know about Cadillac Certified Pre-Owned financing.
The Financing Process
Financing involves borrowing money to pay for your vehicle. You should start by thinking about how much you can spend right now for a down payment. If you’re looking to replace your older car, be sure to find out its trade-in value. Once you have your down payment squared away, the rest of the money you need for your purchase will come from a lender.
The Role of Credit in Financing
If you have a good credit score, securing a car loan and getting a favorable interest rate shouldn’t be a problem. If your score is on the low side, however, this can complicate things a little. While getting the loan shouldn’t be too difficult, you may have a higher interest rate. Using a cosigner or increasing your down payment may help you lower it.
Loan Term and Monthly Payment
You have a lot of control over financing, as you can pick the length of your loan. It’s important to realize that the shorter it is, the higher your monthly payments will be. Speaking of these payments, it’s essential that you don’t overextend yourself every month, so you need to come up with a good number you feel comfortable paying.
Get Cadillac Certified Pre-Owned Financing in St. Augustine, FL
Fields Cadillac St. Augustine makes the financing process simple. All you have to do is fill out and submit our online application to get pre-approved for your loan. Contact us or get started online today!
