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Dealerships that offer in-house financing are often called "buy here, pay here" dealerships. They can be a great option for drivers looking to buy a vehicle when their credit score is low, but financing a car purchase through a dealership might cost more in the long run. Keep in mind,...
In-house car financing is when a car dealership lends their customers part of the purchase price for their car. This provides the dealer with an additional income stream from the customer's interest payments, while allowing the customer to buy a car that they might not have qualified for othe...
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There are typically three different types of car loans that dealerships can offer. These include: Advertisement “Buy Here, Pay Here”:in-house financingfrom the car dealershipyou buy your car from; the place you buy your car from is also the place you pay for your car ...
Dealer Financing Many dealers, especially franchised new-car dealers, offer in-house financing. While it may be branded as coming from the dealer, in most cases they are working with a bank to provide financing. A great example of this is Chrysler Financing, which is run by Santander Bank....
Downey car dealer gets 12 years in house-buying fraud schemeBy Richard WintonLos Angeles Times
Real-World Example of In-House Financing Ford Credit is a well-known in-house auto financing group. Ford Credit is the business of giving out auto loans for Ford car buyers at their own dealerships, rather than encouraging Ford customers to seek external financing from a bank or credit union...
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