What is in house financing? When a car dealership offers auto loans to customers directly as opposed to relying upon banks or other financial institutions to approve individuals for credit, this is known as in house finance. The advantages for both buyers and dealers are many, especially in the tough credit environment in which our nation finds itself. Most traditional banks, credit unions, and finance companies will not approve applicants who do not have a credit score above 720, as well as a favorable debt-to-income ratio.
For this reason, buyers and sellers are increasingly turning to in house financing auto loans, as this form of financing allows dealers to approve customers whom an off-site lender would decline. That means the dealership can sell cars to individuals who would otherwise find themselves unable to secure an auto loan due to issues such as:
- Low Credit Score
- Insufficient Credit History
- Substantial Credit Utilization
- Past Bankruptcy, Foreclosure, or Repossession
In House Financing Auto Loans is an industry leader in this form of financing. We have partnered with in house financing car dealers all across the US to help you find the car loan you need, no bank loan required. Plus: the dealers in our network have agreed to pre-approve candidates when they Apply Online! When you submit our quick and easy application form, our system goes to work finding you the most suitable in house financing dealer near you, taking into account a matrix of factors such as income, location, credit profile, and existing debt. The process is quicker, simpler, and much more effortless than applying for a bank loan. You can find yourself pre-approved to buy a new or used car in as little as 1 hour, online. There are no hassles, fees, or obligations.
Take the guesswork out of the auto financing process. Apply Today!