Do You Need Full Coverage on a Used Financed Car?

A financed, pre-owned Kia Telluride driving on an open road

If you’re on the market for a used or certified pre-owned vehicle, you’re probably one of many Elk River drivers asking the question, “Do you need full coverage on a used financed car,” or, “How many years can you finance a used car?” The finance center at Cornerstone Auto has prepared a guide for how to finance a used car, answering these pertinent questions and more below.

Do You Need Full Coverage on a Used Financed Car?

Mandatory state coverage for Monticello, MN drivers does not usually include full coverage, but many know that financing a car comes with a full coverage requirement.

  • New or used financing can be very similar, and this is why often financing a used car requires full coverage. 
  • How many years can you finance a used car? You can usually finance a used car for a similar amount of time as a new car. Online tools, such as a payment calculator, can help you determine the amount of time it will take to pay off your vehicle.
  • Coverage Length: The answer to, “How many years can you finance a used car” and “How long do I need full coverage,” is often the same, with the lender requiring full coverage for the entire loan period.

How to Finance a Used Car: Tips

Even with the required coverage, financing a used car in Ramsey, MN is a great choice for many reasons. Looking into financing a used car involves some of the following steps:

  • Ford Credit: Ford Credit, with the FlexBuy program, is a great option for new and pre-owned vehicles, allowing all kinds of customization and more.
  • Trade-Ins: Trading in a vehicle is a great way to reduce some costs. Use our online calculator to value your trade.
  • No-Credit Car Financing: It’s still possible to finance with low or no credit, and the savings on a used vehicle could help you find an amazing deal!

Learn How to Finance a Used Car with Cornerstone Auto!

Drivers who are interested in financing a used vehicle or learn more about financing can consult the experts at Cornerstone Auto. We’re proud to help Elk River drivers find a deal, and our resources like these car buying tips can assist you in making an informed decision about car financing. Please contact us with any questions about financing and more today!

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17219 Highway 10 NW • Elk River, MN 55330

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Cornerstone Auto 45.3767051, -93.3884585.