Have you been thinking about buying a Used Car? The time you take doing your due diligence can help you avoid financial losses or unexpected surprices. If it's a new area you don't have experience with, it can be difficult to remember all the questions to ask. We have compiled a list of 14 questions specifically related to the financing of your used car.

Financing questions

• What kind of financing are you planning on?
• Does the seller currently have a car loan that you can continue?
• Will the seller pay out the loan before you buy it?
• Will your credit history have any impact on the kind of financing your looking for?
• What interest rate and repayment plan could your financial situation sustain?
• Are there any ongoing fees?
• Would the seller be interested in providing any financing?
• Could it be smarter for you to lease than buying the car?
• Do you have an indication of how much of the value of the car you can get financed?
• What is the current climate for financing?
• Have you received several offers on car financing?
• Will the financing partner requires that you take up any specific insurance - and how will that affect the overall costs?
• Does the finance option allow you any payment holidays in case you come in a situation where your finances are stretched for a short period of time?
• As you are buying a used car, how will the financing part be making their appraisal - does it come with a fee?

...87 more questions to ask

If you are looking for more due diligence questions for your Used Car investment recommend you take a look at 101 questions to ask before buying a used car from a private seller.