Can You Finance Pre-Owned Cars?

financing pre-owned cars

When you visit BMW of El Cajon, you quickly learn that “pre-owned” doesn’t mean “less than.” While we’re best known for our selection of new BMW cars, our selection of pre-owned BMW models and other makes is backed by a peerless sales and service experience. Even better, you have access to the same great BMW financing that’s available to new vehicle buyers and lessees. 

As much as we love our new BMW vehicles, we know they’re not a one-size-fits-all solution. Buying pre-owned lets you sidestep depreciation. Furthermore, in addition to the up-front value, you’ll also pay less for registration and insurance, making for a smart financial choice. 

Financing a Pre-Owned Car

Our BMW dealership makes the BMW financing process just as easy for our pre-owned and BMW Certified models as we do for new ones. You can take advantage of many of the same amenities, too, including generous trade-in allowances and pre-qualifying for financing online. 

That’s not all that’s similar. The preparation for the finance process is identical as well. We suggest starting by checking your credit score, since that will be a significant determinant in the kinds of loans and interest rates available. Don’t worry if those three digits are lower than you’d like, or if you’re just beginning your credit journey; we work with a wide range of lenders so we’re able to service a wide range of credit profiles. 

Having completed that first step, the next thing you’ll want to do is gather some paperwork that will keep the process running smoothly. At the very least, we’ll need proof of identification, income, and residence. Should you choose to trade in your current vehicle, you should also bring its title and registration. 

Apply for an Auto Loan Today

Being a BMW dealer serving San Diego is a rewarding experience. One thing that never gets old is seeing the look on someone’s face when they realize the vehicle they want is well within reach (no matter where you are, you’re not that far!) with the help of our finance department. 

And that’s only the beginning. After all, BMW of El Cajon aims to build relationships as solid as the BMW cars we sell. To that end, we help not only with financing, but also parts, service, and answers to your most urgent automotive questions. We’re in this with you, every step of the way. Visit us at 720 El Cajon Blvd today to find out more or get started on your journey!