When purchasing a high-quality pre-owned vehicle, you'll have several factors to consider, such as the year, make, model, and mileage. You'll also need to think about how you plan to pay for your new-to-you vehicle, as most people don't have the cash to purchase a quality vehicle outright. If you're looking to finance your next vehicle, our New Jersey State Auto Used Car team is here to help. Our online credit approval process is quick and easy and can be done anywhere you have an internet connection.

What Is an Online Credit Approval?

Online credit approval is similar to what you can get in person. You'll provide basic information during the application process, including your name, driver's license number, address, phone, date of birth, living situation, and income. This information will determine whether you qualify for an auto loan and what interest rate you’re likely to get. The interest rate is often based on your credit score, with higher credit scores receiving the lowest interest rate offers.

The online credit approval process with New Jersey State Auto Used Cars will not impact your credit score. For online approval, a soft check is done on your credit report, saving you from having a hard inquiry recorded. All types of credit are accepted, so whether you have excellent credit, bad credit, or are rebuilding your credit score, we can get you approved for financing.

You can be pre-qualified in minutes through one of the biggest, best, and most understanding auto lenders in the New Jersey and New York Tri-State area. All you need to do is fill out our form with your personal and contact information, and we'll take it from there. If you have questions about the pre-qualification process, text or call us at (201) 200-1100.

What You Need To Know About Financing a Vehicle

When you finance a vehicle through an auto loan, you agree to make monthly payments, including interest, to the financial institution until your debt is paid in full. You will repay the loan at a predetermined annual percentage rate (APR) for a set term. Factors that determine your loan details include:

Your income.
Your credit score.
Age of vehicle.
Type of vehicle.
Mileage of vehicle.
Loan terms or length.
Down payment amount.

Used vehicle loans are often between 24 and 72 months, with some financial institutions stretching that to 84 months. As stated, higher credit scores often result in lower APRs. You can also usually lower your APR by putting more money down as a down payment on the vehicle you wish to purchase.

Before you apply for financing, you should have a general idea of how much you can afford to pay. You can use an online car loan payment calculator to help narrow down your options based on the monthly payment you can afford. Most pre-approvals are good for 30 days, giving you the time to test-drive several vehicles before making a commitment.

Why Get Pre-Approved for an Auto Loan?

You don't have to get pre-approved for an auto loan before stepping foot in our New Jersey State Auto Used Cars dealership, but doing so could be to your advantage. Pre-approval gives you a better estimate of your buying power or what kind of vehicle you can afford. Knowing your buying power can save you time by eliminating vehicles that are out of your price range. It can also help save you from falling in love with a vehicle you can't afford. Finally, knowing your buying power can help you negotiate better with the dealership.

What Are the Advantages of Financing Through a Dealership?

NJ State Auto Used Cars is your one-stop shop for purchasing your next high-quality pre-owned vehicle. When you go with dealership financing, you can find the vehicle of your dreams, finance it, and drive away with it in a matter of hours. Our dealership works with financial institutions to get you competitive interest rates and reasonable terms to help get you into a vehicle, regardless of your credit history.

For drivers with less-than-stellar or no credit, financing through New Jersey State Auto Used Cars can be the answer you've been looking for in finance options. Our finance team works with you to find a loan that works for you, and our inventory features vehicles for every budget, including many cars under $15,000. Let us help you get into a quality pre-owned vehicle today.

What If You Have a Vehicle To Trade?

NJ State Auto Used Cars can take your vehicle as a trade-in for your new-to-you used vehicle. Use our Accu-Trade trade-in valuation tool to determine what your current vehicle is worth before you arrive at the dealership. We offer top dollar for your trade to get you into a high-quality used vehicle from our lot. Once you have a trade-in offer, simply bring your keys, vehicle title, vehicle, and driver's license to New Jersey State Auto Used Cars to get your upgrade.

We can also provide you with an instant cash offer for your vehicle should you decide not to trade in your current vehicle for an upgrade. Check out the instant cash offer tool or schedule a vehicle inspection in Jersey City to find out how much you can get for your current vehicle.

Visit NJ State Auto Used Cars Today!

When you're ready to start the online credit approval process, fill out the New Jersey State Auto Used Cars application form. You'll receive an answer in minutes, complete with provisional details, such as the loan approval amount, interest rate, and term. After pre-qualifying for financing, shop our vast selection to find the quality used vehicle that fits your needs and budget.

You can find New Jersey State Auto Used Cars at 406 Sip Ave. in Jersey City, New Jersey, from 10 a.m. to 8 p.m. Monday through Friday, closing at 7 p.m. on Saturday. Call us at (201) 204-9845, text us at (201) 200-1100, or complete our secure online form to get started today. Our sales and finance team would love to answer any questions you may have or get you started on the road to a new-to-you vehicle.