You can consult  with the financing department at Elite Carz over the phone or in person to get approved for financing, but it’s especially convenient to set the process in motion ahead of time by checking the credit score, sourcing your dream car and insurance.

Yes, you can finance the purchase of a used car with a loan! Banks may place some restrictions on the model year and mileage of the vehicle, but used car loans are common. Elite Carz can get you pre-approved for financing so that you can shop our inventory of pre-owned vehicles with confidence.

You don’t necessarily need a good credit score to buy a new car. The definition of a “good” credit score varies, but in general a higher credit score can translate to better interest rates and approval for larger car loans. However, even buyers with a “bad” credit score might qualify for certain types of loans. The finance department at Elite Carz  helps customers identify the best possible financing options.

Whether car insurance is more expensive for new cars vs used cars depends on the overall value of the vehicle. For example, a 20-year-old Porsche may cost more to insure than a brand-new compact car, like a Hyundai Sonata. That being said, when insuring a new and used car of similar make and model, it will generally cost more to insure the new car. Once you’ve narrowed down the cars you’re considering, you can call your current insurance agent to ask how the cost of your insurance will change after purchasing.