Finance Department
Car ownership is just a click away. Get approved for an affordable used car loan at Tim Short AutoPlaza.
We Make Getting Approved Easy
Consider Tim Short AutoPlaza your go-to auto financing resource. Our team is committed to helping Lexington drivers get approved for affordable car loans tailored to their needs and budget. With access to a range of lenders, we can help secure the best rates and terms for your loan, no matter what your financial history looks like.
All Credit Scores Welcome
Contary to what other delearships might tell you, all types of credit can quality for a car loan. Having a low credit score shouldn't restrict you from getting behind the wheel of a reliable vehicle.
Our finance team is experienced in helping customers with challenging credit get approved for affordable financing. It's time to drive away in the car you deserve!
Rebuild Your Credit
Whether you've been sitting in the red-zone for some time or need to build your credit from the ground up, financing a used vehicle is a great way to increase your credit score.
By consistently paying off affordable monthly payments, you'll see your score soar in no time. Our finance team will work with you to find the best terms that align with your needs and budget, making rebuilding your credit possible and easy.
Used Car Financing FAQs
What credit score do I need to quality for a car loan?
While requirements vary, a score of 600 or higher is generally preferred. However, many lenders offer options for buyers with lower credit scores, often at higher interest rates.
I do not have excellent credit...how can you help me?
Whether you have good credit, bad credit, or no credit, our team can always find a solution to help you finance a reliable vehicle and get you back on your feet.
What do I need to apply for a car loan?
Required documents include government ID, proof of income, proof of residency, social security number, and a credit check.
How much down payment on a used car is required?
Down payments typically range from 10% to 20% of the car's price. Some lenders may allow $0 down, but this may lead to higher monthly payments. You can also use a current vehicle as a trade-in and it will be applied as a down payment.
What is the average loan term for used cars?
Used car loans usually range from 36 to 72 months. Shorter terms typically result in lower interest costs, while longer terms offer lower monthly payments. We will work with you on the best options available for your lifestyle.
Can I refinance my used car later?
Yes, refinancing is an option to lower your interest rate or monthly payments if your credit improves or market rates drop.
Financing A Car Has Never Been Easier
At Tim Short AutoPlaza, we believe everyone is entitled to a reliable vehicle. Whether you have good credit, bad credit, or anything in between, we’re here to help. Browse our inventory of affordable used cars online, and start your credit application today!
