What Are In-House Financing Car Dealers?

If you’ve shopped around banks, credit unions, and other lenders for a traditional auto loan to no avail, then an in-house finance car dealer may be your best route. In-house finance dealers make loans at their own discretion rather than having to get your loan approved by a bank. This option makes for higher chances of approval for Austin drivers that have a particular budget to work within. Read on below for more information regarding in-house financing car dealers and browse the car-buying tips from our Nyle Maxwell Chrysler Dodge Jeep Ram finance team.

The Benefits

In addition to an expedited buying process, there are other benefits of shopping through an in-house financing car lot. These advantages include:

  • Relaxed pre-approval requirements
  • No need for a credit check
  • Free of typical down payment
  • Extended warranties
  • Flexible interest rates
  • Increased credit score

For potential Round Rock area customers with poor credit or no credit, in-house car financing may be the best option for you. If you’re curious what financing you qualify for, or are looking for additional guidance, apply for financing today.

What to Watch Out For

Buying a new vehicle is an exciting process, but you want to make sure you’re working with transparent and trustworthy finance providers so you get the most for your money. Keep a close watch for some of the following red flags when it comes to in-house financing car dealers:

  • If the dealership allows you to leave the lot before formally agreeing on the payment terms
  • Approved vs. approval: If the make manufacturer approves a dealer, they are considered approved and have higher standards for quality whereas the latter does not
  • If the in-house car dealer doesn’t report to a credit bureau
  • If you get post-purchase calls saying your payment terms fell through and you need to provide more money or need to agree to a higher interest rate

Talk With a Nyle Maxwell Chrysler Dodge Jeep Ram Finance Expert Today

Here at Nyle Maxwell Chrysler Dodge Jeep Ram, we want to help you get out on the Cedar Park roads with a smooth and simple process. If you’re interested in all your available financing options, including how to refinance your car loan, contact our knowledgeable finance team who is more than happy to guide you. You can also learn more about how car financing works in general. Looking for a new Chrysler, Dodge, Jeep, or RAM model? Shop our impressive new vehicle inventory today and learn everything you need to know when buying a new car!

Nyle Maxwell Chrysler Dodge Jeep Ram 30.46983, -97.7881972.