Apply For Financing

Used Car Financing in Sioux Falls, SD

At Frankman Motor Company, we believe everyone deserves a reliable vehicle. That’s why we work with multiple lenders and offer in-house financing options to help you get behind the wheel — no matter your credit situation.

Why Finance With Frankman?

We’re not a bank. We’re your neighbor. As a family-owned dealership since 1988, we take a personal approach to auto financing. Our finance team works directly with you to find the best rate and terms for your budget.

• All credit situations welcome — Whether your credit is excellent, fair, or still building, we have options for you
• In-house financing available — We can approve deals that traditional banks can’t
• Classic car financing — One of the few dealerships in the region offering financing on classic and collector vehicles
• Quick approvals — Most applications are processed the same day
• No hidden fees — Transparent pricing on every deal
• Flexible terms — We structure payments around your budget, not the other way around

How the Financing Process Works

Step 1: Apply Online or In Person
Fill out our secure online application in just a few minutes. You’ll need basic information like your name, address, employment details, and income. You can also apply in person at our dealership.

Step 2: We Find Your Best Options
Our finance team submits your application to our network of lenders — including local banks, credit unions, and national lenders — to find the most competitive rate and terms available to you.

Step 3: Review & Choose
We present you with your options. There’s no pressure and no obligation. You pick the terms that work best for your budget.

Step 4: Drive Home
Once you’ve chosen your financing, we handle all the paperwork. Most customers are driving their new vehicle home the same day.

What You’ll Need to Apply

To speed up the approval process, have these ready:

• Valid driver’s license or state ID
• Proof of income (recent pay stubs or tax returns)
• Proof of residence (utility bill or bank statement)
• References (2-3 personal references with phone numbers)
• Down payment information (if applicable)
• Trade-in title (if trading a vehicle)

Financing Tools

Payment Calculator — Estimate your monthly payment based on price, down payment, interest rate, and loan term. Try our calculator before you apply.

What’s My Buying Power? — Not sure what you can afford? Our buying power tool estimates your budget based on the monthly payment you’re comfortable with.

Value Your Trade — Get an instant estimate on your current vehicle’s trade-in value. Your trade equity can be applied as a down payment.

Frequently Asked Questions About Auto Financing

Can I get approved with bad credit?
Yes. We work with lenders who specialize in all credit situations. Many of our customers come to us after being turned down elsewhere, and we’re able to help them get approved.

Do you require a down payment?
Down payments are not always required, but they can help lower your monthly payment and improve your approval chances. We’ll work with you to find the right balance.

What interest rates do you offer?
Rates vary based on your credit profile, the vehicle, and the loan term. We shop multiple lenders to find you the most competitive rate available.

Can I finance a classic car?
Yes — Frankman Motor Company is one of the few dealerships in the region that offers financing on classic and collector vehicles. Terms and rates vary by vehicle age and value.

How long does approval take?
Most applications are reviewed and approved within a few hours. Many customers complete the entire process — from application to driving home — in a single visit.

Can I refinance my current auto loan?
While we don’t directly refinance existing loans, our finance team can point you toward local lenders and credit unions that offer competitive refinancing options.

Protect Your Investment

Once your financing is in place, ask about our F&I products to protect your vehicle and your wallet:

• Extended Service Contracts — Coverage beyond the factory warranty
• GAP Insurance — Covers the difference between what you owe and what insurance pays in a total loss
• Tire & Wheel Protection — Road hazard coverage for unexpected tire and wheel damage
• Paintless Dent Repair Coverage — Keep your vehicle looking new
• CarChief Vehicle Health Monitoring — Included with FMC vehicles, CarChief provides real-time diagnostics and proactive maintenance alerts

Ready to Get Started?

Apply online now using our secure application above, or call our finance team at (605) 250-5016. You can also visit us at 26874 SD-11, Sioux Falls, SD 57108 — we’re open Monday through Saturday, 8:00 AM to 6:00 PM.

We look forward to helping you find the right vehicle and the right p ayment.