Buying a pre-owned car at the dealership is a great way to acquire a reliable vehicle while staying within a budget. Our used cars in St. Petersburg, FL can be financed much the same way as financing a new car. We’ll show you how the process works.

How Pre-Owned Car Financing Works

The first step is to pick out a vehicle from our pre-owned or certified pre-owned inventory. Once you have a model selected, proceed to our finance department where our representatives will perform a credit history check. Be sure to bring the following documents with you:

  • Proof of current employment
  • Proof of income; a check stub or invoice will suffice
  • Proof of residence
  • Proof of insurance

After the Credit Check

After a credit check has been performed, one or more loan offers will be presented to you based on your credit score. These loans may come from banks, credit unions, or in-house financing. The better your credit, the better the interest rates and terms.

Have Bad or No Credit?

What if the credit check reveals a low score or no score at all? Our dealership partners with various lending institutions that will provide loans to borrowers with low to no credit.

However, a family member can act as a co-signer to improve your options. You may also have to foot a higher down payment.

If you already know for a fact your credit score is on the low end, then we highly recommend taking some time to elevate it. Resolve all outstanding payments and request credit line extensions to your existing cards.

Come see our pre-owned inventory at Alfa Romeo of St. Petersburg. We may have pre-owned cars of models like the Alfa Romeo Stelvio and more. Our finance department will be more than happy to assist you in pre-qualifying for a loan.