Disclaimer

Although we use our best efforts to describe the vehicle correctly on this website, errors sometimes occur. Please verify the accuracy of the vehicle's description by contacting Longo Toyota of Prosper. The vehicle's listed price does not include applicable sales tax, registration fees, finance charges, dealer documentation charge of $150, and any other fees required by law. Dealer-installed options are extra. A $388 dealer trade fee will be added to the price of all vehicle purchases outside Longo Toyota of Prosper's inventory. See Longo Toyota of Prosper for complete details, costs, and terms.

When purchasing a vehicle, you have the option of buying a new or used model. While a new car has many benefits, a used vehicle also offers some advantages, especially if you have a specific budget in mind. At Longo Toyota of Prosper, we offer a wide range of quality pre-owned vehicles. We're located in Prosper, Texas, serving customers from McKinney, Denton, and the surrounding area. Keep reading to learn more about the benefits of purchasing a pre-owned car, how you can finance a used vehicle, and the specials we offer at Longo Toyota of Prosper.

Benefits of Purchasing a Used Car

Sure, a new car is nice. But we understand that for many people, a brand-new vehicle isn't in the budget. That's why we carry an extensive inventory of pre-owned models from Toyota and other top car brands, including Jeep, Honda, Lexus, Volkswagen, Hyundai, GMC, Ford, and many others.

Here are some benefits of purchasing a pre-owned vehicle:

• Most insurers charge lower rates on used cars, so you can save money on your auto insurance premium.
• Since used cars cost less, you may be able to afford a vehicle in a higher trim with more desirable features.
• Used cars depreciate more slowly than new ones, so you won't lose as much value on a pre-owned vehicle.
• Many used vehicles can last up to 200,000 miles or more. In particular, Toyota has an excellent reputation for building vehicles that can last for many years.
• With a used vehicle, you don't have to worry as much about causing minor blemishes or wear and tear, which can offer peace of mind.

How To Finance a Used Car

While a used car usually comes with a lower price tag, it's still a big investment. Many people choose to finance their pre-owned vehicle by taking out a loan. Here are the steps you can take to finance a used car.

Set a Budget

Before you head to the dealership, know your budget for a used vehicle. Consider how much you can put down on a pre-owned vehicle and how much you can pay each month on a loan. We offer a handy auto loan payment calculator you can use to estimate your monthly loan payments. By setting a budget, you can make sure you shop within your means and choose a used car you can comfortably afford.

Know Your Credit Score

Your credit score will be a major factor in the loan rates you get from lenders. Know your credit score before you apply for an auto loan, so there are no surprises. You can get a free copy of your credit report once a year from the three major credit reporting bureaus: Equifax, TransUnion, and Experian.

If you're concerned about how your credit score may affect your auto loan rate, you can take steps to repair your credit before you apply for the loan. For example, you can make payments on past-due accounts or pay down other debt, such as credit cards. Remember: You don't need to have perfect credit to get a car loan, but any improvement you can make to your credit score can help you lower the overall cost of a loan.

Get Preapproved

You can get a better idea of your loan options by getting a preapproval offer. At Longo Toyota of Prosper, we offer a preapproval process you can complete from the comfort of your own home. Simply fill out an online credit application, and we'll review your information and let you know what loans you qualify to receive. It's a simple, stress-free way to start the financing process, saving you time when you arrive at the dealership to purchase your next car.

Trade-In Your Current Car

You can trade in your current vehicle and put it toward a down payment on your next car. We make it easy and convenient to trade in your car here. Answer a few questions about your vehicle, and we'll value your trade in seconds. We consider factors such as your car's age and mileage to determine a fair price for the vehicle. If you accept our offer, we'll take care of the paperwork, and you can use the money to lower the amount you need to finance a new-to-you car.

Used-Car Financing in Prosper, Texas

Are you ready to buy a used car, but not sure how you'll afford it? We can help. At Longo Toyota of Prosper, we aim to make the financing process as simple as possible. When you visit our dealership to purchase a pre-owned car, you'll work directly with one of our friendly, knowledgeable finance managers to find the right loan package for your budget.

We offer competitive rates on auto loans directly from the manufacturer and local Texas banks, so you can find a financing option that works for you. Nervous about your credit score? We can help customers with all credit histories and backgrounds, whether you have perfect credit or no credit history at all. We make it our mission to help every customer secure affordable financing so they can drive home in the car of their dreams.

Used-Car Specials

In addition to our convenient financing options, we offer a variety of used-car specials to help you save money on your vehicle purchase. Our specials can change, so check back often to find your perfect vehicle at an incredible price.

Our specials often include Toyota Certified Used Vehicles. Every vehicle with this designation has undergone a thorough inspection process for quality and reliability. Plus, a certified pre-owned Toyota comes with other benefits, including warranty coverage and roadside assistance.

Find a Quality Used Car in Prosper, Texas

Used vehicles offer many benefits, including lower prices, less depreciation, and affordable financing. At Longo Toyota of Prosper, we carry one of the widest selections of quality pre-owned vehicles in the North Texas region. Check out our online inventory or come visit our dealership to see what we have in stock. With our used-vehicle specials and convenient on-site financing, you can find the perfect new-to-you vehicle at an affordable price point. For more information, contact us today.