Many car buyers consider financing when they’re ready to purchase a new vehicle. However, when you’re considering a pre-owned vehicle, you don’t always have the same options. Heritage | MileOne Autogroup is outlining your Dodge Durango finance options to help you determine your best route.
Purchasing Outright
A pre-owned Dodge Durango Is typically much more affordable than a new one. In fact, for some buyers, that gives you the freedom to simply purchase one outright on buying day. The three-row SUV is built to last, so you’ll have instant equity in a reliable vehicle that you can enjoy for years and years.
Auto Financing
Financing is also an option for qualified buyers. However, some lenders can be hesitant to extend a loan for a pre-owned vehicle, because they can’t be confident that you’ll have a reliable vehicle throughout the life of your loan. These are a few ways that you can increase your chances of getting approved for pre-owned car financing, including:
- Consider a low-mileage or recent model
- Consider a Certified Pre-Owned (CPO) vehicle
- Improve your credit score
- Keep your loan term short
- Make a sizable down payment
Auto Lease
Leasing is typically your most affordable option, because you are renting the vehicle, rather than buying it. Again, leases aren’t always an option for a pre-owned vehicle. This is another instance where you want to consider a CPO vehicle or a short-term lease to improve your chances of being approved.
Apply for Dodge Financing in Baltimore, MD
With 29 dealerships throughout Maryland, Delaware, and Pennsylvania, it’s easy to find a vehicle you love at Heritage | MileOne Autogroup. We make it easy to finance a vehicle, too. Stop in to sit down with our team and discuss your options or get started today!