Used Car Financing Frequently Asked Questions (FAQ) 

In the market for a used car, but unsure whether financing is an option? Put your concerns to rest, because used car financing isn’t just available, it offers just as much upside as financing a new automobile. And at Roughlock Auto, you’ll not only find a huge selection of quality used cars —we also have an experienced finance team ready to help.  

What’s the First Step of Financing? 

When financing a used car, the first step is to create a budget. This will help you determine how much of a down payment and monthly payment you can afford. When you’re done, visit our online used car inventory to see which of our used cars for sale are in your price range. Also, be sure to check out our used car specials, since there’s always a great deal to be had.  

Should I Get Prequalified for Financing? 

Absolutely! Getting prequalified gives you a good idea of how much car you can afford, and it tells us that you’re serious about purchasing a vehicle. Plus, it takes just a few minutes to fill out our online credit application.  

How Much Does My Credit Score Matter? 

Simply put, the higher your credit score, the better your chances of being approved for a loan and qualifying for the best finance incentives. That said, our Spearfish, SD used car dealership is committed to working with customers across the credit spectrum — from good credit to bad credit to first-time car buyers looking to build their credit.  

What Are Some Benefits to Financing a Used Car?  

Unlike buying a new car, when you buy a used vehicle you aren’t financing 100% of its value. You’re only financing the value of the car after it has depreciated. So not only are used cars less expensive than new ones — buying used also allows you to get more bang for your buck. Another benefit to buying used is that you’ll have far more cars to choose from. New cars are only new for one year, whereas our used car inventory encompasses a wide range of model years.  

Get Used Car Financing in Spearfish, SD 

Visit Roughlock Auto today to see our big used car selection and test drive your favorite models. We’ll also determine your Edmund's trade-in value, so you can trade in your old car and ensure that your next vehicle is even more affordable. Get started today! Content Here