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OtherDo You Need Full Coverage on a Used Financed Car?
If you’re trying to work out how to finance a used car, it’s easy to get overwhelmed. Do you need full coverage on a used financed car? How many years can you finance a used car? Titan Automotive is here to help. While all drivers are required to have valid car insurance by law, there are several considerations to keep in mind. Learn how to finance a used car with help from Titan Automotive, and contact our experts in Regina with any questions you have.
Insuring Your Used Financed Car
Do you need full coverage on a used financed car? Yes, the majority of provinces in Canada require at least the “mandatory minimum” for car insurance. Many drivers opt for even greater coverage for added peace of mind, but the choice is up to you. What type of coverage is available in Moose Jaw?
How Many Years Can You Finance a Used Car?
So, how many years can you finance a used car? That depends on your Saskatoon lender. Most drivers opt for a 36 to 48-month lease, but it’s possible to go as long as 96 months in some cases. However, lenders can set their limits. The older the car, the shorter your loan term will likely be. Why? Lenders want to protect their investments. Not only do longer loans mean a longer payback period, but this means your car will lose significant value by the end of your loan. However, the process is flexible. You can always ask our finance team to explore options that work with your budget and schedule.
Get Expert Finance Advice at Titan Automotive
Want to know how to finance a used car like a pro? Feel free to contact us at Titan Automotive for personalized advice at any point in your shopping process. We can help you find a used car that suits your needs and budget, and we can go over insurance options that work for you. And if you’re in the Regina area, stop by to chat.