Used Car Financing FAQs
Learn more about dealership financing and car loans, including what financing options are available through Enterprise Car Sales and how they work.
Though they may seem like the same thing, there is a difference between car loans and car financing. Car loans are set up directly between you and a bank, finance company or credit union. Conversely, you may apply for financing through a dealership. The dealer will sell your financing contract to a bank, finance company, or credit union, which will service your account. When you meet with one of our trusted Sales Consultants, they will walk you through each factor, so you can make informed and confident choices.
A lot of factors come into your car budget, like rent/mortgage, bills, groceries, savings and other household expenses. Visit our Car Payment Calculator to help you estimate your monthly car payments and make an informed decision about how much car you can afford.
The more money you put down to buy a car, the less you’ll need to borrow and accrue interest on – potentially leading to lower monthly payments and less interest. Visit our Car Payment Calculator to help you estimate your monthly car payments. Enter the amount you want to pay for your car each month and it will help calculate how much you can afford.
Yes, you can trade in your car if it has negative equity. The difference owed is simply combined with your new car loan/financing.
Yes. We can take over the loan and pay it off. The difference owed is simply combined with your new car loan/financing.