How Do In-House Financing Car Dealers Work?

Tiny car with keys

Are you in need of a new vehicle but are struggling to get approved for auto financing at lenders in your area? In-house financing car dealers can help you get the reliable transportation you need in Phoenix! But before you start searching for “in-house financing car dealers near me,” you’ll need to learn more about how in-house financing car lots work. Rocky's Auto Credit’s finance center is here to explain in-house financing and help you get approved for a loan

In-House Financing Car Lots Explained 

You’ll often hear in-house financing car dealers referred to as “buy here, pay here” dealers. If you have bad or no credit, some lenders in Glendale may decline your loan applications because they see too much risk for themselves. In-house financing car lots operate on their own terms, meaning their requirements to get a car loan can be more lax. If you purchase a vehicle with a loan from a buy here, pay here dealership, it means the dealer’s in-house finance center is lending you the money, and you’ll be making your payments directly to the dealer. 

Why Choose In-House Financing Cars? 

You may be able to secure a better interest rate with in-house financing, saving you money in the long run. Typically, the approval process for in-house financing is faster than with other lenders, so you can get behind the wheel sooner. Other benefits of in-house financing cars include: 

  • Easier requirements to meet
  • Availability of extended warranty protection 
  • Potentially lower interest rates
  • Paying off the loan can help raise your credit score

Tips for Pursuing In-House Financing

If you intend to look for “in-house financing car dealers near me,” there are some tips you should keep in mind so you don’t end up at a shady institution. Dealerships like Rocky's Auto Credit uphold their reputation with a transparent financing process that includes no tricks, but not all buy here, pay here dealerships uphold the same standards. Here are some red flags to look out for:

  • The dealership says you can drive home in your new car before you’ve agreed and signed on a payment term 
  • The dealership doesn’t report to any major credit bureau 
  • After you leave the dealership with your vehicle, they contact you claiming that your financing “fell through” or that your interest rate has grown

You can have total confidence when you go through Rocky's Auto Credit as your in-house financing car dealer near Tempe. Our goal is to help every customer who visits us succeed in getting a workable finance plan on a vehicle they love. 

Apply Today with Rocky's Auto Credit

Hoping to save by securing in-house financing on a used car? Rocky's Auto Credit has a wide inventory of pre-owned vehicles in Mesa, AZ and Glendale, AZ, so there’s something for every budget. Contact us today to learn more about in-house financing with us or to learn about the flexible payment options we offer. 

Recent News from Rocky's Auto Credit

  • How Long Do Hyundai Sonatas Last?

    A quality pre-owned Hyundai Sonata would be great for your Phoenix commute. But you probably have questions. Fortunately, our experts are here to help. We’re going to go over some important information about Hyundai Sonata vehicles so that you have a better understanding of whether it’s a good fit for your Mesa lifestyle. Some questions we’ll…

  • Used SUVs With the Best Gas Mileage

    With a wide selection of pre-owned vehicles available, it’s never been easier to find the perfect vehicle to take home with you to Phoenix when you shop at our dealerships. A popular option that we think you’ll appreciate is our pre-owned SUVs. Our used SUVs come with plenty of versatility and performance to really elevate…

  • What Is a Good Used Commuter Car?

    When you’re looking for the best used commuter car for your Phoenix drives, it’s important that you weigh all your options. There are likely many different pre-owned vehicles for you to choose from, but not all of them will offer the same benefits. So, what is a good commuter car? The answer truthfully depends on…

Rocky's Auto Credit 33.4062373, -111.8573523.