How to Finance a Used Car

Financing a Used CarShopping for a used car near Hardeeville, Bluffton, and Hilton Head Island is always exciting. First, there's the research process, where you can learn about your most enticing options. Then, there's the test drive, where you get behind the wheel for the first time.

Once you choose a car, though, you'll need to develop a payment plan. Wondering how to finance a used car? Fear not: Our team in our finance center at Peacock Used Cars & Trucks will walk you through the process!

Step 1: Figure Out Your Credit Score

Figuring Out Your Credit ScoreThe higher your credit score, the lower APRs you'll be eligible for when you finance your next car. So, how do you know what your credit score is?

You can request a free copy of your score from each of the three major credit reporting agencies (Equifax®, Experian®, and TransUnion®) once each year.

If you're looking to improve your credit score, there are several strategies you can use, such as paying all your late payments in full and optimizing your credit utilization ratio. If you want to learn more about rebuilding your credit (or building it for the first time), our finance professionals can give you some pointers.

Step 2: Plan Your Budget

It's important to plan out how much you're willing to spend on monthly payments-and for how long. By planning a budget, you'll have a better idea of which cars are within your range. With our online payment calculator, you can experiment with different down payments, APRs, and terms to get the monthly rates you're looking for.

Have a car to trade in? You can factor that into your budgeting as well. Use our trade-in appraisal form to get an estimate of the worth of your vehicle, so you know what to expect to get for it. By trading in, you'll reduce the amount you need to finance for your next car.   

Step 3: Apply for Financing Online

Applying for Auto Financing OnlineOnce you have a clear picture of your budget, it's time to apply for financing. We've made it easy: You can do it from home by filling out our secure online credit application. Once we've reviewed your information, one of our financer managers will be in touch to discuss your options.

At that point, we can search our vast network of local banks and credit unions for a lender with the best possible deal for you. We'll work hard to find you a car loan with terms that fit your lifestyle and financing rates that match your budget, so you can rest easy when you get behind the wheel.

Finance a Used Car at Our Dealer

Now that you know how to finance a used car, you might be ready to start the process. If you've already found a car you like in our inventory, contact our finance center today to start the conversation.

At Peacock Used Cars & Trucks, we'll make your used car finance experience easy, so you can get out on the roads of Hardeeville, Bluffton, and Hilton Head Island in your next pre-owned car or truck!

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Peacock Used Cars and Trucks


  • Sales: (843) 208-1400
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  • Sunday 1:00PM - 5:00PM