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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

Inventory is impressive. All clean top notch rides. Easy to work with and very reputable. I would recommend PAC to my friends and family.
These guys have a beautiful showroom, and are very honest and down to earth. Any questions I had, they either had answers for, or would find the... answer for me asap. My experience with Gagik and Vartan was really more
These guys are truly amazing and so grateful how fast they car, including the shipping process! Will definitely come and get my dream car from them
Overall good experience with Michael and Aram.I recently did a trade in and purchase with them and they were the fairest on trade in value.
To sum up our time at PAC, we drove out to Ohio to go pick up my 2018 Camaro 2SS from Perfect Auto Collection, I found the car online on AutoTempest... after searching for weeks, it was the exact specs I wanted in buying a camaro for me. When we got there we were greeting by friendly staff and they helped up do all the paperwork we needed to be able to drive off the lot day of. When I seen the car, it seemed to be kept in great shape and was everything it seemed to be from their posts online. Before we drove 12 hours back home, they made sure we had a full tank. Once home, my car did have to go to Chevy for a couple of minor issues that we didn't expect but PAC did work with us and helped compensate us by helping pay for the fixes that needed to be done.All in all, our experience at PAC was great, friendly staff and most importantly they helped us with the minor issue we did have, definitely would recommend going to PaC if your looking to buy a performance or high end car.Here are some photos of the 2018 Camaro 2SS we purchased from more
The team at Perfect Auto Collection was amazing to work with throughout the entire process. From helping locate the car, to financing, and delivery,... the entire process was as smooth as possible!read more
Corey was very personable, very knowledgeable, and a SMEE in his field. Bought a car out of state from him, have not received it yet but I received... top notch customer service. He provided detailed videos/ photos of my car as more
Honest and very easy to work with. Vartan let me check out any vehicle and didn’t pressure me at all.
Cleanest pre-owned car I’ve ever seen! Bought my Audi from Perfect Auto-Corey made it easy to do the deal & had my car ready to roll when I arrived.... Amazing collection of top shelf cars on hand!read more