What is In-House Financing?

Signing paperwork

A typical auto financing deal involves taking out a loan from a financial institution. However, applying for financing with a bank isn’t the only option when you’re looking to buy a car in Harvey. You can also opt for in-house car dealer financing, which means you’ll take out a car loan directly from your dealership. Financing with a dealership instead of the bank has advantages sometimes, though even dealerships without in-house financing generally work with multiple lenders.

What is in-house financing good for when it comes to getting a financing deal with less-than-perfect credit? Actually, getting approval in-house is easier than with a bank— so in-house financing can be a great option if you’ve suffered damage to your credit in the past. Learn more about in-house financing near Marrero!


What Does In-House Financing Mean?

In-house financing simply means that you borrow money from your car dealership. You then make loan and interest payments to the dealership. Financing directly with your car dealership offers Gretna drivers a number of benefits. Your dealership wants you to drive home in the car you really want, so they’ll work harder to customize a lease agreement that fits your budget. In-house advantages include:

  • Easier pre-approval
  • Extended warranties
  • Flexible interest rates
  • Credit-building opportunity

Even dealers that don’t order direct financing generally work with multiple lenders to help you get the best deal.

Car key and money

What is in House Financing Doing for Your Credit Score?

For drivers with bad credit, getting a car loan is easier in-house than from a bank because your dealership may be more lenient in how they view your financial picture. How does in-house car financing work If you’re working to rebuild your credit? Making timely payments on your customized car loan will go a long way toward pushing your score back up! You can also use in-house financing to extend your original warranty. Get a clear view of your financial future with handy tools like our interest calculator.


Discover In-House Financing with Ray Brandt Chrysler Dodge Jeep Ram!

Searching in Harvey for trustworthy in-house financing car lots? We recommend starting your search with us! Drivers in Marrero and Gretna rely on us for all of their auto needs. Contact our finance department to learn more about how car financing works, or for more info on leasing vs. buying your next vehicle. Want to know if you can trade in a financed car? Find out with Ray Brandt Chrysler Dodge Jeep Ram today!


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