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When you make a large purchase such as heavy equipment, major kitchen appliances, or an automobile, you most likely are going to seek a loan from a financial institution or a credit union.
That’s the traditional route. You express a wish to finance a purchase, the retailer runs a credit check and seeks a lender (or you seek a lender on your own), and then you do the paperwork to complete the purchase.
Unfortunately, this process doesn’t work for everyone. Usually, that’s because the customer doesn’t qualify for a bank loan, but sometimes it’s because the process adds steps and time that not everyone feels like dealing with.
In both of those situations, there is a great alternative: in-house auto financing. It’s more efficient, flexible, and forgiving than the standard system is.
In-house car financing dealerships are one of the best examples of this practice. They probably represent the idea more than any other industry. Dealers offering in-house auto financing know how important it is to have a car for an individual. Especially if there is limited public transportation. Having a car is a FREEDOM, but a lot of times, some of these people cannot get the car financed through the traditional process for a lot of different reasons.
What In-House Auto Financing Is and How It Works
In-house auto financing cuts the middleman out of the process. By doing so, it makes finalizing a purchase faster and more convenient.
Rather than operate through banks that create more steps and time for the customer, a retailer offering in-house auto financing is the best choice for many.
As a result, customers visiting in-house financing car lots can view inventory, make a selection, obtain financing, and drive off the lot in a new car all on the same day and in one visit.
Who Benefits the Most from This?
People who are ready to buy and want to dispense with all the extra time and hassle that go with getting a credit check, waiting for approval by some bank, and then considering options before finally closing the purchase are likely to appreciate the convenience of in-house auto financing dealers.
However, the people who most benefit from in-house financing are people with credit issues. Credit issues make it difficult or impossible for them to get the auto loan financing they need through outside banks, credit unions, or other financial institutions.
Someone who has had past troubles with credit due to a number of reasons like, missing payments, medical expenses, being laid off from a job, etc. can take advantage of in-house car financing with our buy here pay here dealership. A lot of banks don’t want to take a chance on people with bad credit even if the circumstances that caused the bad credit no longer apply. Buy here pay here dealers offer the benefit of in-house auto financing. We don’t think it is fair to keep gainfully employed people with credit issues from owning a car due to some troubles in the past.
The Buy-Here-Pay-Here program helps people who do not have an established credit score or have credit problems get the car they need and want.
We Offer a Friendly In-House Financing Program for You
In-house auto financing dealerships like ours in Palmyra (PA) know it is difficult to get by without a car. We are here to help of our customers get behind the wheel of a high-quality used car. Good credit, bad credit, no credit…no worries. We are here for you! Call us, check out our online inventory, or stop by today! We can get you approved fast…Manyof our customers are able to drive away within a few hours, in their newer car!
Where to Find Us
Phone: (717) 454-2304
701 E. Main Street, Palmyra, PA 17078
Mon – Fri: 9AM-7PM