Do You Need Full Coverage on a Used Financed Car?

Signing Finance Documents for Car
 

While you may have had frustrations with shopping for a used car in the past, buying with Renaldo Kia brings a refreshing and straightforward car buying experience. At Renaldo Kia, our finance team is dedicated to helping you select the exact model your budget and wishlist demands. For many, that means a high-quality pre-owned option. Securing the keys to a new-to-you ride is exciting, but may lead to questions. A popular one we hear at our Shelby dealership is, “Do you need full coverage on a used financed car?” Luckily, our expert team is here to help you get the facts on how to finance a used car below!

 

How to Finance a Used Car: The Facts

In most states, it is not a legal requirement that drivers have full insurance coverage when they leave the lot. However, financiers often require their beneficiaries to acquire insurance coverage to ensure that their investment is sound. This is usually mandated whether you buy new or used. 

When you enter into a financing agreement, the lender will hold the title of your vehicle for the duration of the loan term. If you apply for financing and receive approval, you will gain ownership of your vehicle once your series of monthly bills have been paid. For most, full coverage insurance is contingent upon the full finance term. If you finance a vehicle for 48 months, this would mean your car would have full coverage for the duration of that period. 

How Many Years Can You Finance a Used Car? 

When one of our premium pre-owned options catches your eye, you can rely on us to handle the logistics. Our team will get to work contacting lenders on your behalf to secure the most favorable possible deal. All we will need from you is the following information:

  • Valid Driver’s License
  • Valid Car Insurance Card
  • Any supporting financial documentation
  • Any existing vehicle documentation for your current vehicle

Once an advantageous deal is identified, a member of our team will work directly with you to detail each aspect of the agreement. So, how many years can you finance a used car? Factors such as your credit score and down payment amount will impact your terms. Our team can help you gauge the specifics of any deal you intend to sign. 

Financing A Used Car with Renaldo Kia

Now that you know how to finance a used car, you can find your dream ride with ease at Renaldo Kia. Still wondering, “Do you need full coverage on a used financed car?” Contact us today to discuss how many years you can finance a used car and other specifics of your intended purchase. Our goal is to be here for you to provide expert insight into all of your automotive questions and concerns. Visit us near Forest City to test drive a reliable pre-owned ride today!

More from Renaldo Kia

  • 2022 Kia Soul Safety Ratings

      Choosing the 2022 Kia Soul allows you to confidently take on the daily Gastonia commute in a distinctive, compact, and powerful sedan. Your peace of mind is further bolstered by the impressive Kia Soul safety ratings and safety technology found inside. Read on with Renaldo Kia to explore the Kia safety ratings earned from the…

  • What is the 2022 Kia Soul MPG Rating?

      The 2022 Kia Soul is an affordable and stylish crossover that is sure to get the attention of everyone in Forest City. It’s offered in six impressive trim levels, including the LX, S, GT-Line, X-Line, EX, and Turbo. The base model Soul starts at just $19,190 MSRP, and features all the latest technology available. However,…

  • The Beautiful 2022 Kia Soul Interior

    You’ve probably noticed the newKia Soul rolling around Gastonia. It’s one attractive SUV. But just wait until you see the beautiful Kia Soul interior. You won’t be needing those Kia Soul seat covers. The interior seating colors and materials are gorgeous. And not only does this car look great on the inside, but there’s plenty…

Saved Vehicles

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact Us

704-482-4542

Call Now

4425 East Dixon Blvd • Shelby, NC 28152

Get Directions

Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 8am-6pm

Open Today! Parts: 8am-6pm

Renaldo Kia 35.2633014, -81.4663046.