Saved Vehicles
Contact Us

(718) 515-4600

Call Now

4070 Boston Road • Bronx, NY 10475

Get Directions

Today's Hours:

Open Today! Sales: 9am-9pm

Open Today! Service: 8am-5pm

Open Today! Parts: 8am-5pm

Do You Need Full Coverage on a Used Financed Car?

Finance Paperwork with Glasses

Do you need full coverage on a used financed car? The short answer is “Yes.” Financing a used car is a less expensive option than buying a new car, but dealerships still need to protect their investment during the financing period. Once the loan period is complete and the car title is in your name, you can have as much or little insurance as you choose. Learn more about insurance and loan terms below. Contact us to speak with a finance officer about payment plans and financing a car with bad credit.


Financing a Used Car: The Facts

A few states require full coverage but most states don’t. Although it’s not the law to have full coverage on a used car, most dealerships require it during the loan period. If you total the car, it needs extensive repairs, or gets stolen, full coverage protects the loss. You’re required to pay for full coverage during financing but you can opt-out of it once you’ve paid off the loan.

How Many Years Can You Finance a Used Car?

After you’ve explored our inventory online or at our lot, start the financing process by applying online. You can use our payment calculator to help you estimate your monthly payments based on the interest rate you’re likely to receive. You’ll also need to submit the following information to our finance department:

  • Documents pertaining to your current employment and ability to pay.
  • Your current vehicle history report and title to trade-in your vehicle.
  • Valid Driver’s License
  • Valid Car Insurance Card

How to finance a used car is simple to explain and even easier for Mount Vernon car shoppers to do when they buy a car from Victory Mitsubishi. We’ll pair you with a Victory Mitsubishi finance officer to help you settle on a deal that fits your budget.

Financing A Used Car at Victory Mitsubishi

Financing a used car at Victory Mitsubishi is a simple process. We’ll walk you through in-house financing, improving your credit history, and tips to lowering interest on a car loan. Browse our new vehicle specials for more money off on a used car. Visit our lot near New Rochelle and Westchester to view our entire inventory.

More from Victory Mitsubishi

  • 2019 BMW X6 Interior

    When you’re behind the wheel of the 2019 BMW X6, you’re in control of your drive in Mount Vernon. Not only do you have an incredible engine at your disposal driving you around town, when you sit inside its roomy, well appointed cabin, you’re truly moving in style. The 2019 BMW X6 interior needs to be…

  • 2019 Audi Q5 Configurations

    Driving a used luxury car doesn’t have to break the bank when you’ve got an option like the 2019 Audi Q5. The 2019 Audi Q5 trims range from the entry-level but still luxurious to the absolutely feature-filled and extravagant. Victory Mitsubishi has a breakdown of the Audi Q5 configurations for your Mount Vernon viewing pleasure. View InventoryContact…

  • The 2019 Audi Q7 Trims

    If you’re looking for a luxury used vehicle, you may be considering the 2019 Audi Q7. This luxury SUV is made to maximize the driving experience by focusing on performance and the comfort of the driver and passengers. There are four different Audi Q7 trims for Mount Vernon drivers to choose from, so take a virtual…

Victory Mitsubishi 40.8853426, -73.8287864.