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Advice for Financing a Pre-Owned Luxury Car

It doesn’t matter if you want to buy your first exotic vehicle or add it to your collection. Financing a pre-owned luxury car is too often a source of stress for buyers. You want a fair price. Before grabbing the keys, you should always make sure you have a personalized financing plan in place.

Perfect Auto Collection is here to help. Financing an exotic car is not unlike any other vehicle. However, it is a significant investment so you will want to make sure you take the proper steps first. Before you buy, consider this advice for financing a pre-owned luxury car.


Do Your Research and Set a Budget

It never hurts to get a good big-picture idea of auto financing. Look at where prices are at in your area. Factors such as time of year can affect how much you will pay.

Before anything else, have a goal of how much you want to spend. This can always change later, but ideally, you can find a good option in a price range that works for you.

At this stage, consider the makes and models you would prefer. You may have multiple options or a specific dream car. Either way, do the research to find a fair price.

Financing a Pre-Owned Car

Check Your Credit Score

To get the best possible price when financing a pre-owned luxury car, an excellent credit score always helps. Improving your credit score will make getting a loan much easier.

Generally, a credit score of about 750 or better is recommended for financing a luxury vehicle. Many dealerships will work with people of all credit situations. However, a higher score always helps.

If a loan is necessary for you, make sure you choose a trusted lender who will give you a fair interest rate. If this is your first luxury vehicle, ask an experienced buyer for recommendations.

Choose Your Model and Compare Prices

Once you have taken the time to consider different options, it will be time to decide on what car you want. Deciding on a specific luxury car or SUV will help focus your financing.

With a specific luxury model in mind, you can compare prices across different sites and dealerships. Now you will estimate financing costs more accurately.

You can find plenty of price comparison tools online. However, remember that no two pre-owned cars are created equal. Take factors like mileage into consideration and check vehicle history reports for any recorded accidents.

BMW at Parking Garage

Consider Additional Recurring Costs

Financing a pre-owned luxury vehicle is not as simple as signing on the dotted line, of course. Throughout your ownership, there will be costs that go beyond the price tag.

Buyers must understand that exotic vehicles come with additional expenses. For example, you can expect to pay more for gas and servicing. Be sure to consider these among your regular costs of ownership.

If you are taking out a loan to finance your car, remember that interest rates will cause an increase in payment. This is where having a great credit score pays off.

Find a Dealership with a Great Reputation

In addition to finding a dealership that has your preferred model, choose one that has a trusted reputation. Browse the dealership website to make sure they have proper resources.

Search for reviews of the dealership and see if customers have had positive experiences. Pay extra attention to comments that mention financing and if they offer flexible options.

Get Credit Approval for a Pre-Owned Luxury Car

Today, getting approved for financing online is quick and easy. Many dealerships offer tools and resources right on their websites. It only takes a few minutes, and you will usually get approved quickly.

Use Perfect Auto Collection’s Online Credit Approval tool to make the process convenient. Just fill out the form and you will hear back soon.

After you receive approval for financing a pre-owned luxury vehicle, our staff will reach out. At this point, we can begin a conversation about which of our outstanding exotic vehicles you would like to finance.

Finance Calculator

Value Your Trade-In

Trading in a quality used vehicle is a good way to drive down financing costs for your next luxury car. Get an appraisal if you feel your model fits the dealership’s standards.

Take your vehicle in for servicing and detailing before getting an appraisal. Having a clean car that drives its best will get you the best offer.

We offer an online tool to value your trade at Perfect Auto Collection. Simply enter your make and model. In a matter of seconds, you can see the market value for your vehicle and save yourself from the stress of research.

Double Check the Car for Quality

Since you are paying top dollar for a high-quality exotic car, you will want to make sure it is up to standard. Before signing on the dotted line, do your best to assure the car is in great shape.

You never have to worry about the quality of our pre-owned exotics at Perfect Auto Collection. We hand-select our inventory of luxury cars in excellent conditions. Take a test drive today to explore our fantastic models for yourself.

Lamborghini Gallardo White

Develop the Right Financing Plan

The test drive went great. You are finally ready to purchase a quality used exotic car. Now, with the proper information, you are ready to develop a financing plan.

When financing a car, there are a couple of things to keep in mind. First is the down payment. The required minimum will vary by dealership. However, a down payment of at least 15-20% or more is recommended if possible.

Another important consideration is monthly financing. You will want a price you are comfortable with. Furthermore, you may want to pay more than the monthly minimum to avoid higher interest. Many experts recommend a monthly rate of $20 per $1,000 financed.

Financing a Pre-Owned Luxury Car with Perfect Auto Collection

We make financing a pre-owned luxury car easy at Perfect Auto Collection. Use our available online tools like our payment calculator to help you determine the right price.

Talk with our great sales staff to develop the right financing plan for you. Our team will work with you and provide financing solutions for our outstanding inventory.

At our dealership, we treat each customer with respect and always provide a personalized touch. You will get a fair price on a great car you love. That is what keeps our loyal customers coming back time and time again.

Perfect Auto Collection Garage

Perfect Auto Collection Information

Perfect Auto Collection in Akron, Ohio’s leading destination for high-quality pre-owned luxury vehicles. We have options from the world’s best automakers including sports cars, SUVs, and pickup trucks.

Our sales team will help you develop a financing plan so you can drive a great exotic vehicle at a price you can afford. Contact Perfect Auto Collection today.


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What people say about us

This was an amazing experience from the managers quick response to an inquiry and Jamie the salesman (AKA The White Pony) making sure everything went... smoothly! I had a total loss on a previous Mercedes-Benz E-Class and haven’t had to go through the insurance process for this before and Perfect Auto answered all my questions and made the sale go extremely smooth!read more
Great cars and an even greater service I was very happy to have bout my car here
Hey I wanted to thank perfect Auto Collection family for helping me to locate my dream car but a special thanks to my sales person Todd for his fast... communication and wonderful customer service . Such a wonderful experience for me . I'll recommend my sale guy to anyone looking to purchase a carread more
Todd was great to work with and really helped us through the process. He included our entire family, as this is a car for our teenage daughter. If he... wasn’t for Todd we may not have found the Jeep we had been searching for!read more
Todd Long was extremely professional & knowledgeable about the vehicle that I was interested. He was very patient on explaining the needed details... on the Bentley Continental GT…even provided the CARFAX. He the went the extra mile to virtual show the vehicle and ensure my experience was very satisfying. He has been great on following-up to ensure everything is locked-in and total more
Love the selection these guys have to offer! Todd was great help as well as everybody else I spoke with. Will be shopping here again🤩
What an amazing team to work with. We highly recommend working with TODD, so make sure to ask for him! We are out of state and this man did any and... everything we needed him to, including a very detailed overview of the car via FaceTime. Good people, good help, couldn’t ask for more!!⚡️ Thank you sir!!😉read more
Recently traded in my vehicle + purchased a vehicle! Todd was awesome to work with! The whole staff + the owner was very friendly. They gave me a... great price for my trade in + made our deal happen fast and efficient. Can't wait to buy another car from Perfect Auto Collection!read more
I was shopping for Mercedes s65 amg dealing with Todd Long he was an amazing sales person and definitely went way out of his way to help me out... doing everything virtual so I’d never have to leave the house giving me the 360 view of the vehicle on FaceTime(which was awesome, also answered every one of my 1000 question’s) and appraisal for my car the whole 9. Unfortunately I end up buying the Mercedes from a different lot due to the amount of owners on the one they had available but if they had the vehicle that I bought at their lot Todd is the man to go to!!!! definitely highly recommend,very professional and very punctual. Thank you so much for your time and wish you nothing but the best my friend take care. Hopefully you can help me get my wife’s car in the near future. Thanks again🙏-Andrewread more