What is on-site financing at an auto Dealership?
Posted in: auto financing | February 28th, 2010
I assume On-site financing at an auto dealership is in house? This means the dealer or car sales business will finance an auto themselves if you meet the requirements? I thought it might also mean that they can get you financing through a bank as any other place. Please define what On-Site car financing means (automobile). Thanks
It could mean one out of two things. It could mean that the dealership itself is financing the vehicle, and you will be paying the dealership directly. Basically buy her pay here lots. Or it could mean the dealership will find a bank to finance the car.
You just have to ask at the dealership to see what they mean by on site financing.
February 28th, 2010 at 8:51 pm
It means they will help secure financing. They apply to banks and see which ones will accept you.
References :
February 28th, 2010 at 9:41 pm
It is NOT in house 90% of the time. It means they find the best rate out of a couple banks and get you a loan through them.
Your bill will come from that 3rd party bank, but you’ll be able to drive off the lot too.
References :
February 28th, 2010 at 10:23 pm
It could mean one out of two things. It could mean that the dealership itself is financing the vehicle, and you will be paying the dealership directly. Basically buy her pay here lots. Or it could mean the dealership will find a bank to finance the car.
You just have to ask at the dealership to see what they mean by on site financing.
References :
Worked for car dealerships for 20 years.