Getting Your Next Auto Loan “In-House”

Is this a new concept?  Not at all, but it’s increasingly popular one. When the dealer acts as “the bank,” giving auto loans directly, that’s called in-house financing.  The rates are typically high, but so is the approval rate. In times like these when jobs are hard to come by, man folks are struggling just to pay the bills, let alone saving up for a new car.  And everybody’s credit is getting damaged left and right.  Enter car dealers who offer a helping hand when you need a used car with damaged credit.  This is called in house financing, and you can find dealers who offer it by looking for slogans such as We Finance or We Tote the Note.