What are the Benefits of In-House Financing?

While you explore in-house financing, you may encounter many benefits. First, in-house financing is generally very quick and convenient. Since customers that use in-house financing finance directly with the dealership or their affiliated finance company, they won’t need to go through a third-party lender. As a result, they can ask questions they have with the dealer upfront and will not need to wait to get approved by the bank.

Another benefit of in-house financing is its availability to many diverse credit backgrounds. No matter if you have no credit, challenged credit, or good credit, there may be financing options available to you with in-house financing! Additionally, each individual customer's specific financial situation is catered to so they can receive an affordable loan offer.

Finally, another big benefit of in-house financing is flexibility in the payment options. Banks and credit unions may not allow certain payment methods or payment frequencies. With in-house financing, customers can work with the dealership’s in-house financing team to customize the financial plan to best fit them. For example, if a borrower needs to pay bi-weekly rather than monthly, there’s a good chance that the dealership will be able to make those accommodations.