When you finance a car, you may be under the impression that you can’t modify it until the loan is paid off. However, that’s not entirely true. There are some mods that you can do to a financed car that won’t get you in trouble with your lender. In this article, we will discuss what mods you can do to a financed car.
What is a financed car?
First, let’s clarify what a financed car is. A financed car is a vehicle that is purchased with a loan. The buyer makes monthly payments to the lender until the loan is paid off. During this time, the car is technically owned by the lender, and the buyer is simply paying for the right to use it.
Can you modify a financed car?
The short answer is yes, you can modify a financed car. However, there are some things you need to consider before making any changes. You need to make sure that the modifications won’t void the warranty or violate any of the terms of your loan agreement.
What mods can you do to a financed car?
There are several mods you can do to a financed car that won’t get you in trouble with your lender. Here are some of the most common:
1. Window tint
Window tinting is a popular mod that can give your car a sleek look and help keep the interior cool. Most lenders won’t have any issues with this mod, as it doesn’t affect the performance or safety of the vehicle.
2. Wheels and tires
Upgrading your wheels and tires can also be a great way to personalize your car without voiding the warranty. Just make sure that the new wheels and tires are the same size as the originals, or you could run into problems with your lender.
3. Audio system
Upgrading your car’s audio system can be a fun mod that won’t affect the car’s performance or safety. Just make sure that the new system is installed properly and doesn’t damage any of the car’s wiring.
Lowering or raising the suspension can also be a mod that won’t get you in trouble with your lender. Just make sure that the new suspension doesn’t affect the car’s performance or safety in any way.
5. Exhaust system
Upgrading the exhaust system can give your car a better sound and improve its performance. However, you need to be careful with this mod, as some lenders may consider it to be a performance upgrade and void your warranty.
Mods to avoid
While there are several mods you can do to a financed car, there are some that you should avoid. These include:
- Engine tuning or modifications
- Nitrous oxide systems
- Superchargers or turbochargers
- Body kits or other exterior mods
- Any mod that affects the car’s safety or performance
In conclusion, you can modify a financed car, but you need to be careful about what mods you choose. Stick with mods that won’t void the warranty or violate any of the terms of your loan agreement. And remember, always make sure that the mods are installed properly and won’t affect the car’s performance or safety in any way.
- Will modifying my financed car affect my loan payments?
No, modifying your financed car won’t affect your loan payments. However, if you default on your loan, your lender may repossess the car, regardless of any mods you’ve made.
- Can I modify my leased car?
No, you cannot modify a leased car without the consent of the leasing company. Doing so could result in additional charges or legal action.
- Can I install aftermarket parts on my financed car?
Yes, you can install aftermarket parts on your financed car, as long as they don’t void the warranty or violate any of the terms of your loan agreement.
- Will modifying my financed car affect its resale value?
It depends on the mods you make. Some mods can actually increase the resale value of your car, while others can decrease it.
- Do I have to tell my lender about the mods I make to my financed car?
No, you don’t have to tell your lender about the mods you make to your financed car. However, it’s always a good idea to keep them informed in case there are any issues down the road.