Do You Need Full Coverage on a Used Financed Car?

2018 Chevrolet Silverado Towing


When you finance a used car, it doesn’t have to be a long, drawn out process. The finance team at Volume Chevrolet is here to help make your car financing experience easier. From searching for the right car for you, to signing on the dotted line, to getting coverage for your vehicle, our job is to simplify every stage for you. Along the way, we’re often asked, “Do you need full coverage on a used financed car?” Below, our finance team delves more into answering that question.



Financing a Used Car: The Facts

To drive off the lot with your new or pre-owned car, you don’t always need full coverage. Even so, any finance lender you work with will likely want to make sure their investments are protected. If you work through a lender, they require that you have full coverage before driving off the lot in your new or used car.

When you’re financing a vehicle, there will be term agreements that tell you exactly how long you can expect to pay on an auto loan before you get the car title. If you apply for financing and get a car loan for a used car that lasts 36 months, the lender will hold onto the title until the loan is paid off.

Usually, full coverage insurance matches the full term of the finance period. In the example provided above, your used car would have full coverage insurance for the 36 months that the car loan lasts.

How Many Years Can You Finance a Used Car?

After you’ve found the reliable used car you want at Volume Chevrolet, our finance team will ask you for some information to get your loan started, which includes the following documentation:

  • Valid Driver’s License
  • Valid Car Insurance Card
  • Any supporting financial documentation (i.e. last two pay stubs)
  • Any existing vehicle documentation for your current vehicle (if applicable)

After you’ve been paired with a lender, a finance team member at Volume Chevrolet will give you the rundown of the terms that are being offered to you, so you can finance your new-to-you car. Keep in mind that there are factors that will affect the length of your loan, such as your credit and how much you’re putting down as a down payment.

Finance a Used Car With Volume Chevrolet

When you work with the experts at Volume Chevrolet, the financing process is a cinch. We’re happy to work alongside you to answer your questions about how to finance a used car and more or how to trade in a car. Contact us online or give us a call at 770-450-0953 to get started with financing a new-to-you vehicle.


More from Volume Chevrolet

  • 2022 Chevy Traverse Towing Capacity

      Towing capacity is an important aspect of car shopping, especially when looking at SUVs. Many of our Griffin customers ask us “How much can a Chevy Traverse tow?”. We have the answer for you! The Chevy Traverse towing capacity is 5,000lbs. This is plenty of strength to haul a compact camper for an outdoor…

  • What is the Bed Size of a 2022 Chevy Silverado?

      Many Griffin customers ask us “What is the bed size of a Chevy Silverado?” There are several different options for the 2022 model year, so you can choose the truck bed sizes that best suit your driving needs around McDonough and Forsyth. Explore the Silverado bed sizes and features at Volume Chevrolet, and visit our…

  • How Much Can a 2022 Chevy Silverado 1500 Tow?

      The maximum 2022 Chevrolet Silverado 1500 towing capacity is 13,300 pounds when properly equipped. The hydroformed and boxed high-strength steel frame, the array of powerful and torque-bound engines, and the advanced driver assistance systems all play a part when towing heavy loads with the Silverado. If you’re interested in the deeper details of the…


Contact Us

Main 770-450-0953 Sales 770-450-0953
450 North Lee Street
Forsyth, GA 31029
Contact Us

Contact Us

Main 770-450-0953 Sales 770-450-0953
450 North Lee Street
Forsyth, GA 31029
Volume Chevrolet , .