In-House Vs Traditional Auto Financing

Indirect auto financing is the most common option dealerships offer. In this situation, you’re getting a car loan from your bank or a third-party lender. In most cases, there is a minimum credit score required in order to obtain financing, because banks and lenders use credit as a measure of how much they can trust a driver to pay back their money. They might not take into consideration other factors that can contribute to borrowers’ credit worthiness.

Unfortunately, this can prevent reliable people from getting the cars they deserve.  

Another pitfall of indirect financing is having your loan serviced by the third party that chooses to fund your loan. Once you’ve purchased your vehicle, the dealership you worked with hands your loan off to the lender, so if you have any issues with your loan you must deal directly with that third party. 

In-house financing, most commonly known as Buy Here, Pay Here, is financing through the dealership where you buy your car. Because in-house financing is through the dealership, they have more control over getting you pre-qualified for an auto loan, meaning that we can work with all credit types. Other financing models may make it difficult to obtain a loan if you have poor credit. 

Choosing a dealership that offers in-house financing also allows you to continue to work directly with that dealership throughout the life of your loan. Once you’ve purchased your vehicle, you can rest easy knowing you won’t be handed off to a third party that will service your loan.  

Does in-house financing sound like the right fit for you? U.S. Auto Sales is a pre-owned vehicle dealership with in-house financing at each of our locations. The best part? You can get pre-qualified online and shop from the comfort of your home. With locations across several states including Georgia, Florida, Alabama, Tennessee, and the Carolinas, we’re sure to have a store near you.