What Are In-House Financing Car Dealers?

Signing Finance Documents for Car

In-house financing car dealers can accelerate the financing process and help you benefit from extended warranty coverage. Many local dealerships–including our own–offer in-house financing for cars, trucks, and SUVs, and there are many reasons to prefer in-house financing over the alternatives. Find out if it’s right for you today!

In-House Financing Car Dealers

If you’ve had trouble securing a loan through a bank or a traditional lending institution, you may be able to access funding through one of the many in-house financing car dealers near Quincy. 

Any dealership that will lend you money directly is technically an in-house financing car lot; however, different groupings can be subsumed under that heading. For example, the dealerships with the least stringent lending practices will often refer to themselves as buy-here, pay-here dealerships. These lenders can help just about anyone secure a vehicle, but they often charge more in interest than other lenders.

Benefits of In-House Financing

On the other hand, many in-house financing car dealers utilize fair lending practices to provide a more convenient, streamlined experience for their customers. Shottenkirk Chevrolet falls into this category. When you apply for financing through our dealership, you could enjoy:

  • Easier approval
  • Flexible interest rates and terms
  • Accessible extended warranties
  • The option to add a prepaid service plan

Like other in-house financing car dealers near Quincy, we’re more flexible than banks and traditional lending institutions. Even if your credit isn’t where you’d like it to be, choosing to finance with our dealership could help you take the next steps with confidence.

Important Details of In-House Financing

When should you be wary of in-house financing car dealers near Hannibal or Keokuk? Although you can rely on our well-reviewed, family-owned dealership to treat you like one of our own, you have cause for concern if you run into any of the following while shopping for a new or pre-owned vehicle:

  • You can leave the lot before agreeing on a payment term
  • Your pre-approval rate is different from the rate offer that you receive
  • Your dealer does not report to a credit bureau
  • Your financing plan “falls through” after you sign, and you’re asked to provide more money or pay a higher interest rate.

Let Us Answer Your Financing Questions

When the time comes to choose a new or pre-owned vehicle, relying on a team that you trust is one of the best decisions that you can make. Learn more by checking out our most useful car-buying tips, or contact us today to make an appointment with a team member!

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Shottenkirk Chevrolet 39.9492, -91.3776.