Do You Need Full Coverage On a Used Financed Car?

Couple Calculating Finances

Many Wilkes-Barre drivers ask our finance team, “Do you need full coverage on a used financed car?” The short answer is no, it’s not required by law, but it’s still a good idea because most banks and lenders want their investments are solid. Bennett INFINITI of Wilkes-Barre brings you the facts on how to finance a used car here. Read on, and if you have questions about how many years you can finance a used car, feel free to contact Bennett INFINITI of Wilkes-Barre. We’re always happy to help our customers learn more about the car-buying process.


How to Finance a Used Car: The Facts

Most states don’t require you to drive your vehicle off the Scranton lot with full coverage already in place, no matter if the car is new or used, but it is a good idea. Still, lenders wisely want to ensure their investments are sound. Most car lenders or banks require you to have full coverage on your vehicle regardless of whether it is gently used or new for the duration of the loan.

When financing a vehicle, the term of the agreement states how many years you’ll pay a lender until you receive a title (called term length). This means if you apply for car financing and obtain a loan for a term of 36 months, your lender will hold the car’s title until then. In most cases, full coverage insurance is required during the full term of the finance period.


How Many Years Can You Finance a Used Car?

When you’ve found your next new or pre-owned INFINITI around Dickson City, you’ll provide some information to the Bennett INFINITI of Wilkes-Barre finance team so that they may contact lenders to begin the car financing process. Some information they may need from you is:

  • Valid Driver’s License
  • Current Car Insurance Card
  • Any supporting financial documentation (pay stubs or taxes if you’re self-employed)
  • Any existing vehicle documentation for your current vehicle (if you’re trading it in)

The finance specialists at Bennett INFINITI of Wilkes-Barre will explain the terms the lender is offering you in order to finance your used car. Things such as your credit and what you’re able to pay as a down payment on your vehicle will impact the answer to the question, “How many years can you finance a used car?” but generally it is anywhere from two to six years.

Man Handing Woman Documents

Finance a Used Car at Bennett INFINITI of Wilkes-Barre Today!

Now that you know whether or not you need full coverage on a used financed car, it’s time to find the right new or pre-owned INFINITI for you, contact Bennett INFINITI of Wilkes-Barre near Binghamton. Bennett INFINITI of Wilkes-Barre takes the hassle out of financing a used car and obtaining full coverage. We’re here to help you every step of the way! In the meantime, check out our car finance tips.


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(570) 822-9900

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1060 Highway 315 • Wilkes-Barre, PA 18702

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Open Today! Sales: 9am-8pm

Open Today! Service: 7am-6pm

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Bennett INFINITI of Wilkes-Barre 40.5731, -75.48009.