Make the most of your shopping experience by creating
an account. You can:

Access your saved cars on any device.
Receive Price Alert emails when price changes,
new offers become available or a vehicle is sold.
My Garage
Not registered? click here

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.


Related Articles

The All New BMW M2

In April 2023 the all new BMW M2 will go on sale for right above $63,000. The M2 still remains as the option for the

The 992 GT3 RS is HERE!

This month, Porsche unveiled the long awaited 992 GT3 RS and it is safe to say it’s the best we’ve seen. Not only is this

One of the Best 992 Porshces

We are excited to welcome this new generation Targa 4S to our collection. The Targa has been one of the top body-styles for years within

What people say about us

Avery and Dave were awesome to deal with. They were very knowledgeable and helpful when it came to selecting my vehicle!! They both went over and... beyond my expectations. I was impressed with the dealership and the layout of the vehicle selections. Very beautiful luxury vehicles. Thanks again for a great experience I will be back!read more
I worked with Avery to buy a vehicle and she did an amazing job. The showroom and vehicles are beautiful and I absolutely recommended perfect auto... collection to anyone wanting to buy a high end luxury vehicle. Thank you for the experience Avery!!”read more
Even though I didn’t buy a vehicle from Perfect Auto Collection Avery did a fantastic job with providing me information and assisting me throughout... the whole process. The dealership is beautiful and all the cars are amazing as well! Thank you Avery! “read more
Avery was awesome to work with and everyone at the dealership was super helpful and polite! I would highly recommend them to anyone looking to... purchase a luxury vehicle - what an amazing, quick and easy process!!read more
Avery was great to work with. Even though I didn’t buy a vehicle from her I will definitely come back when I am ready! Thank you Avery and perfect... auto collection!read more
Called in for some info on a car. Got great service and found out everything I wanted to know. Tom Pelcic is the guy to go to.
Perfect Auto Collection perfected my experience and exceeded my expectations. I would recommend PAC to others and will seek them for my future auto... purchases. Riley, Ron and Travis are professional, courteous and understand what it takes to meet the needs of their customers. They kept in contact with me throughout the entire purchasing process to ensure I received superb service. I live over 600 miles away and we were able to complete everything in a reasonable amount of time considering the vehicle I purchased was being shipped to me. I was able to use FaceTime to get a real-time real view of the vehicle and virtual test drive. The Car Fax report and listed vehicle I purchased was accurate. Having a clear understanding of the car buy process, having your finances and paper work in order will lessen any hiccups or negative experiences. Patience and constantly communicating effectively will aid in closing your deal. Thank you PAC and Car Gurus for making the more
An amazing team with an excellent Service Level. The Sales Team (Darrian Mercer) his leader (Ron Perie) and Finance Leader (Travis Bortz) make me... feel happy all the time.. thanks you so much Perfect Auto Collectionread more
Great car buying experience all the way around. Great inventory, great communication and Zavier was a pleasure to work with. I would definitely buy... from these guys again!read more