Financing and Insurance Options for Your Used Car Purchase

You’ve found the perfect car, the price is right, and you’re ready to buy. While choosing the right vehicle is important, it’s also important to carefully weigh your used car finance and insurance options. At Helfman Dodge Chrysler Jeep® RAM FIAT, we’re taking a closer look at all of your options. 

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Finance Options

There are two main options when it comes to financing – direct lending or dealership financing. Some buyers prefer to secure their own financing, perhaps through their personal bank or credit union. However, you can actually secure financing directly at our dealership, which can save you a lot of time and help you get an even better offer.

Applying at Our Dealership 

Our application process is quick and convenient. We’ll review your income and housing info, as well as your existing debt and credit score. Then, we’ll submit your info to our trusted lenders and present you with the most competitive offers we receive. 

Auto Payment Factors 

When you finance a vehicle, you’ll be responsible for paying your loan off in equal monthly payments. There are lots of factors that affect your payment. While you can’t adjust your insurance rate, you could consider making a larger down payment or stretching out your loan term for lower monthly payments. 

Used Car Insurance

When you are shopping for used cars for sale, it’s also important to consider your insurance options, especially if you’re financing your vehicle. Most lenders will require you to have full coverage of your vehicle until your loan is paid in full. Plus, Texas drivers are required to carry liability insurance, even if their vehicle is paid in full, which covers other vehicles and their drivers if they’re involved in an accident. 

Types of Auto Insurance

There are many different types of auto insurance. It’s important to discuss your coverage needs with our team or your insurance agent to ensure you have the type of coverage you need. The options include:

  • Liability insurance
  • Collision insurance 
  • Comprehensive insurance
  • Uninsured motorist coverage 
  • GAP insurance (Guaranteed Asset Protection)

Apply for Auto Financing in Houston, TX

Our team is happy to help you review your financing and insurance options to help you get the best fit for you. Visit our car dealership in Houston, TX to chat with our team. We also have competitive used car specials to help you get a great price on a new-to-you car today!