Financing Vs. Buying A Used Vehicle

The used car market is an extensive field, filled with plenty of options to ensure you find the best ride. However, one of the most critical decisions stems from paying for the vehicle. If you choose to finance the car, you borrow money from a lender, such as a bank or credit union, and have to make monthly payments until the loan is paid off. However, when buying a vehicle, you pay for the entire value of the car and are not bound to certain aspects of a contract. The main difference between the two options is the level of financial responsibility and commitment. Nevertheless, the team at Malouf pre-owned can help you make an informed decision while examining the pros and cons of each route. Therefore, we have crafted a guide to help you make the most informed decision and which will be more beneficial for you!

Financing A Car

Financing a car has several benefits that make it a popular choice for many car buyers. One of the main benefits of financing a car is that it allows you to spread the cost of the vehicle over a longer period of time, making it more affordable short term. Financing also allows you to build credit by making timely payments on your loan, which can help you qualify for better interest rates in the future. Additionally, financing a car allows you to drive a newer, more reliable vehicle that may not be possible to purchase outright. It also gives you the opportunity to choose the financing terms that best meet your needs, such as the length of the loan and the down payment amount. Finally, financing a car can be a convenient option because it allows you to make monthly payments rather than paying for the entire vehicle cost upfront. Listed below are additional benefits to keep in mind when considering financing a car:

  • Build equity on the car
  • No longer have to pay when loan payments are completed
  • No limits on how many miles are driven
  • Insurance rates may be lower
  • Ability to modify the vehicle without restrictions usually imposed by other purchasing routes

Buying A Car

If you're in the market for a used vehicle and have more money set aside, purchasing is often the most convenient and straightforward option. Instead of leasing a vehicle or entering into a financing agreement, buying a car allows you to own the vehicle and have complete control over it fully. While the price of the car is a major consideration, you may find that our selection of used and certified pre-owned vehicles can offer more flexibility in terms of budget. Listed below are additional benefits to keep in mind when considering buying a car:

  • No mileage limits
  • No wear-and-tear charges
  • The ability to sell or trade-in the vehicle
  • No further payments at the end of your turn
  • The vehicle is yours to modify or customize as you like

Why Make Malouf Pre-Owned Your Prime Destination

If you're looking for a dealership that offers competitive pricing and helpful assistance with your purchase, look no further than Malouf Pre-Owned. Our team is dedicated to meeting your needs and ensuring that you have a positive experience. We strive to offer the best prices and will work with you to help you make an informed decision. You can schedule an appointment on our website or visit us in person at our North Brunswick location. Don't miss out on the opportunity to work with the expert team at Malouf Pre-Owned and drive away completely satisfied with your purchase.


Malouf Pre-Owned

1975 Us Highway 1
Directions North Brunswick, NJ 08902

  • FORD / LINCOLN: 866-951-8097
  • BUICK / GMC: 866-951-8097
  • CHEVY / CADILLAC: 732-821-1103


  • Monday 9:00AM - 8:00PM
  • Tuesday 9:00AM - 8:00PM
  • Wednesday 9:00AM - 8:00PM
  • Thursday 9:00AM - 8:00PM
  • Friday 9:00AM - 6:00PM
  • Saturday 9:00AM - 5:00PM
  • Sunday Closed