Used Auto Financing

When you’re thinking about buying a used vehicle, one of the first things to consider is the used auto financing.

Today there are several options for used auto financing.

• Cash
• Auto loan credit from a bank, credit union or other lender
• Online used car loans

When you decide what used auto financing option is right for you, you’ll want to determine your budget. Remember to include all the costs in addition to the price of the car–titling and licensing fees, for example. In some states, sales tax will be added to the purchase price.

Calculating these costs ahead of time helps you determine what you can afford and how much used car financing you’ll need.

Before buying a used vehicle

Find out the used car value. Check the vehicle’s value from Kelley Blue Book or NADA to help you get a fair price. Request a vehicle history report. Know the vehicle’s owner, service and accident history to help protect yourself from costly hidden problems. Get pre-qualified for used auto financing. Complete the online used auto loan application to know how much you can afford to spend and your payments, term and rate.

Shop for used auto financing before buying your vehicle

Lining up used auto financing for your used auto loan from a reputable lender before you buy can help you in a number of ways. For instance,
it can:

• Help you get the best price as you focus solely on the vehicle price during negotiations instead of the monthly payments
• Make it more difficult for costly, unwanted extras to be added to the total vehicle price
• Avoid sometimes higher-priced auto dealer financing
• Help you balance your monthly expenses, because you’ll know in advance what kind of car payments to expect
• Make it easier to stick to your overall budget when your used auto finance options are already in place

Plus, when you obtain your used car loan by starting your online used auto financing application from Wells Fargo, you know you’re getting a competitive rate.

Let Wells Fargo help you buy your used car with online used car financing. You’ll get one-to-one guidance to finalize your used car financing at a Wells Fargo store nearest you.

Start your online application now…it’s quick and easy.