What Are In-House Financing Car Dealers?

In-house financing car dealers offer financing directly to car buyers. Since these dealerships finance car purchases themselves, they don’t have to get approval from a bank or another lender. Instead, they grant your car loan at their discretion. From a reliable dealer, this can be a great way to enjoy the Darien roadways in a luxury vehicle, even if you’ve struggled with your credit rating in the past.

However, you should be on the lookout for scams, which disreputable dealers could use to tack on outsized interest payments or inflate the price of their models. Read on for our tips on finding a good in-house financing dealer near Fairfield:

What Are the Benefits of In-House Financing Cars?

While you may not be able to get a brand-new vehicle with an in-house financing deal, almost anything is possible if you set up in-house financing with Jaguar Darien Authorized Certified Pre-Owned and Service. In general, in-house financing is a great way for anyone, no matter their credit history, to get the chance to drive a high-quality vehicle. Here’s an outline of benefits you’ll see if you go for an in-house financing car:

• In-house financing is a great option for people with rough credit or little to no credit history, who may not be able to get approved for a traditional auto loan.
• An in-house financing program may require less money as a down payment or no down payment at all.
• When setting up your in-house financing plan, you may have the option to extend the warranty on the vehicle you’re purchasing.
• In-house financing car dealers often offer flexible interest rates and may be able to connect you to even more affordable options, like used car leases.
• If you’re just starting out, you might not have any credit at all! In-house financing is a popular option for recent college graduates and others with relatively little credit history

Whether you’re trying to build better credit or lengthen the original warranty on the vehicle you’re purchasing, for in-house financing can be the answer. Once you fill out and submit your financing application, you’ll be that much closer to an exhilarating ride on the Stamford roads! We even offer in-house financing to drivers who are visiting from out of state!

What to Watch Out For

Be wary of the offer if you see any of the following red flags in an in-house financing offer:

• If they allow you to leave the lot before agreeing on the payment term.
• “Approved” vs. “approval” – if the manufacturer approves the dealer, they are approved and have higher standards for quality, whereas the latter might not.
• If the car dealer doesn’t report to a credit bureau.

Interested in refinancing an auto loan? You’ll want to consider other locations and options if you notice any of the above indicators.

Finance and Lease Deals with Jaguar Darien

Choosing to finance with us at Jaguar Darien Authorized Certified Pre-Owned and Service means an easier pre-approval process, and access to the ignition of your new car even faster. Visit our in-house financing car lot and check out our new and used Land Rover specials for drivers in the Westport Fairfield areas. Drop us a line to get started and schedule a test drive today!