USED CAR FINANCING & REQUIRED INSURANCE COVERAGE


If you're shopping smart in Houston, then you're shopping for a used Nissan from Central Houston Nissan! Not only will shopping for a used vehicle get you all the features you want in a new-to-you vehicle, but you'll also save exponentially on your purchase.

While shopping for a used vehicle is an exciting process, some customers ask our team "Do you need full coverage on a used financed car?" In most states you won't need full-coverage on your new or used car purchase from a dealership, but it's highly recommended.Learn more about how to finance a used car and the recommended insurance coverage with our finance team below.

THE FACTS ABOUT FINANCING A USED CAR  

If you're wondering: Do you need full coverage on a used financed car? The team at Central Houston Nissan has the answer. In most states you don't need full coverage on a new or used car when you drive off the dealership lot. However, many lenders want to ensure their investments are secure and may require you to have full coverage insurance with your vehicle purchase. If you don't want to pay for additional insurance coverage, you should check and see if this is a stipulation of your loan before you sign.  

When you finance a vehicle in Houston, regardless of whether it's new or used, there are term agreements that list how many years you'll pay a lender before you receive the vehicle title. For instance, if you apply for financing and sign a loan with a 36-month term, the lender will hold the title of the vehicle for that period of time.  

What does this have to do with insurance coverage? In most cases, insurance is contingent on the vehicle loan. This means that you will need to pay for full coverage insurance on your vehicle for the full 36-month period to be in compliance with the loan terms.  

HOW LONG CAN YOU FINANCE A USED CAR?  

When you've chosen your next used Nissan sedan, truck, or SUV for your Bellaire commute, you'll begin the car buying process. After you exchange information with our finance team, they will contact lenders on your behalf to find you the best financing plan for your budget. Here's the information our team will need from you:  

  • A valid driver's license
  • A valid car insurance card
  • Supporting financial documentation (i.e. last two pay stubs)
  • Existing documentation for your current vehicle (if applicable)

    • After you've been paired with a lender, our team will go over the lender's terms with you. How many years can you finance a used car? Factors like your credit score and the amount you're able to use as a down payment will affect how long or short your finance period can be. On average, used car loan terms are 24 months, 36 months, or 72 months.  

    BROWSE OUR USED VEHICLE INVENTORY  

    Now that you know how to finance a used car, browse the used Nissan inventory at Central Houston Nissan! We have a large selection of the most popular Nissan models on Pearland roads. Make sure to also browse our pre-owned vehicle offers for additional savings on your purchase. When you're ready, our finance team will sit down with you and go over the financing process. We look forward to getting you behind the wheel of a used Nissan today! Â