Cars and trucks aren't cheap, and when your local bank or credit unions fall short, dealer financing car lots in Fayetteville NC are usually the next stop. It's a more common occurrence in recent years after the economy tanked, but it's a situation many Fayetteviller's (or nearby Fort Bragg soldiers) still continue to find themselves in for the first time as things slowly recover.
So What is Dealer Financing?
Just as the name suggest, you finance the car directly through the dealership. Some work through a third party bad credit lender they partner with, while others like tote the note car lots or buy here pay here financing dealerships deal with you directly. In either case, if your say looking at minivans for sale, then your choices are whatever is handy on the lot at the time. Their financing, their cars.
Why Dealer Financing or BHPH?
We've gone over many of the ins and outs of dealer financing and buy here pay here financing before. The best reason to buy from them is because their requirements to lend are much less strict in terms of credit. They also provide alternatives to on base lemon lots, cars for sale in Fayetteville NC you couldn't afford without financing, or cars for sale by owner.
However their benevolence towards your credit score comes at a cost, most notably in the form of a higher rate. This can be perfectly acceptable if handled fairly, but some dealers will attempt to use your situation against you. Therefore comparison shopping is a must and the lenders terms are just as important as what cheap cars they have on the lot.
This can take some time to not only find local dealers, but identify which ones will work with your credit. If this sounds like to much work, there are other options. Sites like Lotpro.com can help you apply for auto financing online by matching you to an eligible dealership. If you're tired of being turned away, don't know where to look, or never had time to even get started then click on the banner below to learn more on how we can help or just get started today.