Tips on How to Get Better Financing for a Pre-Owned Volvo in Roanoke, VA

Finances are usually the most significant factor when buying a car. Many drivers prefer to buy pre-owned vehicles. They are affordable but still have the features and reliability of recent models. However, though they significantly cost less, financing a pre-owned vehicle is still tricky to navigate.

Berglund Volvo of Roanoke stocks a wide range of pre-owned models as well as other brands. Whether you're looking for a model less than ten years old or an older one still in pristine condition, we have what you're looking for. We can also assist you with financing and explain the process to you.

No matter what your budget is or what car you're looking for, our finance team will find the right vehicle at the best price for you. Visit our showroom in Roanoke, VA.

How to Get Better Financing Offers for a Pre-Owned Volvo?

Understanding your options and having a plan in place when financing a pre-owned vehicle is critical. Know your budget and what financing options you have. Here are some tips to get the right financing deals and options:

Understand Your Options

Do your research before you buy a pre-owned car. Determining which models are the most suitable for your needs and budget is essential. Fuel and maintenance costs should also be taken into account. You can read consumer reviews and reliability ratings when evaluating a vehicle's lifespan.

Berglund Volvo of Roanoke can help you learn more about your shortlist of potential cars. We can let you take a test drive in any model you choose.

Assess Your Credit Score

Understanding your credit score is essential when shopping for a car, even pre-owned. Using your credit score, lenders assess your ability to repay your loan. It also indicates how well you manage your finances.

It's a good idea to check your credit score before applying for used car financing. Your credit score determines what kind of financing you will be approved for. People with high credit scores often qualify for financing with affordable rates and terms. On the other hand, a bad credit score can negatively affect your chances of getting better financing.

Work on Your Credit Score

If you have bad credit, now is not the best time to buy that pre-owned Volvo. Instead, you should first work on raising your credit score. Start by paying your bills on time and settling any outstanding credit card balances. Keep in mind, however, that these won't work overnight. Depending on your credit score, you may need to wait before getting the best loan.

Explore Available Discounts and Offers

You should look for specials and incentives when considering dealership financing for pre-owned cars. Most dealerships have promotional and seasonal offers where you can get low-interest financing or discounts to lower your total purchase costs or monthly payments. Remember not to sign any documents until you read the fine print and understand their terms and conditions.

Our Berglund Volvo of Roanoke team can help you determine all your options based on your budget. But the important thing to remember is that if you put in a larger down payment, your monthly payment will be lower.

Increase Your Down Payment

Increasing your down payment decreases your interest rates and monthly payments. Additionally, you are more likely to get approved for a loan. Since lenders won't have to cover much of your car loan, they can offer you lower interest rates.

Pre-Owned Volvo Financing in Roanoke, VA, at Berglund Volvo of Roanoke

The Berglund Volvo of Roanoke team provides professional and patient guidance throughout the financing process. We are here to help you fulfill your dream of owning a Volvo. If you're considering financing, no matter what your reason may be, we can help. Stop by our Roanoke, VA, dealership today.