If you’re a person who’s had credit trouble in the past, you might be leery of trying to get a new car loan. You’ve probably heard a lot of stories about how trying to obtain a loan of any kind can actually hurt your credit score. Lenders often frown when they see multiple hits to a person’s credit report as they attempt to get a new loan or open a new credit account. Multiple hits in a relatively short period can actually bring your credit score down. And when your credit score is already at an all-time low, that’s not good.

That being said, there are times when a purchase is big enough that a loan is necessary. Many people are not able to save enough money to pay cash for a new or used car. That’s when a car loan comes into the equation.

But here’s the good news.

Getting A Car Loan Doesn’t Have To Bring You Down.

That’s right. Applying for a car loan doesn’t have to pull your credit score down lower. The trick here is to apply for in-house financing from a bad credit car dealership (sometimes called a buy here pay here dealership) like AutoMax.

Who Is AutoMax?

AutoMax is one of the most popular bad credit car lots in North Carolina. They’re happy to work with people who have had hiccups in their credit history. In fact, they’ve built their business by helping people with bad credit get into a “new” used car that’s reliable and affordable. AutoMax was started by two brothers who had a passion for selling reliable pre-owned vehicles to people with bad credit or no credit. The ability to finance these cars in-house is what sets AutoMax apart from the competition.

The second generation of the family now runs the business. They’ve been serving the North Carolina market – including the cities of Henderson, Youngsville, Raleigh, and Durham – for 30 years now, and they still approach every customer with the same integrity and willingness to help that drove the business from the beginning.

It’s all about building relationships.

That’s Great, But How Does All This Impact My Credit Score?

We’re getting to that. Here are a couple things you should know before applying for in-house financing from a bad credit car dealership like AutoMax.

Making Regular Monthly Payments On Time May Help Rebuild Your Good Credit.

Pretty simple, right?

Bad credit car lots have the ability to carry the financing on the loans they make. This gives them more flexibility in the interest rate and terms of the loan when working with someone who has bad credit. A buy here pay here dealer like AutoMax gets to know you personally and “banks” on your future earnings and repayment potential. They’re not interested in what happened in the past. Their goal is to get you into a car that you can afford and help you create a better future, and they do that through the use of in-house financing.

At a buy here pay here car dealership, the discussion around financing usually comes first in the car-buying process instead of at the end, as you would find with traditional car dealerships. By putting this talk up front, the financing folks can determine how much car you can afford based on your monthly income and other obligations. They can then steer you to appropriate choices when it’s time to take a look at the inventory and go for a test drive. It’s to their benefit – and to yours, too – to help you get into a vehicle you can afford because they know you’ll be able to keep up with the monthly payments easily.

That’s What Makes The Biggest Difference. Regular Monthly Payments May Help Rebuild Your Credit Score.

AutoMax, along with a few other bad credit car dealerships, reports your timely payments to one or more of the top three consumer credit reporting agencies: Equifax, TransUnion, or Experian. This shows the credit bureaus that you’re working to rebuild your credit status. The more on-time payments reported, the better you look to a potential lender in the future. With enough good payment history behind you, your credit score will start to go up, and soon you’ll be able to apply for traditional loans again should you ever have the need.

Making Payments Is Convenient And Easy.

Buy here pay here dealerships usually make it convenient and easy to make payments on time. At AutoMax, there are multiple methods for getting it done.

1. In person at the dealership – they always like to say hi to their customers
2. IVR (phone)
3. Snail mail
4. Text Pay
5. Online payment portal
6. Automatic debit card payment
7. Automatic withdrawal from checking account (ACH)
8. Call in

Setting up payments that pull automatically is a great way to make sure your payment is always on time. ACH or automatic debit card payments hold you to the payment schedule, making your payment history look terrific when a bad credit car dealership reports your payments to the credit agencies. It makes a lot of sense to set this up as soon as possible if you can.

So Can In-House Financing Impact Your Credit Score?

The answer is YES! In-house financing can definitely impact your credit score – in a good way. Purchasing a used car at a bad credit car lot like AutoMax not only puts you in safe, reliable transportation, but it also gives you a method by which to start rebuilding your future. And that’s priceless.

If you still have questions about how in-house financing works or how it can impact your own credit score, give AutoMax a call today. They’ve helped hundreds of customers in North Carolina, and they’ll be happy to help you, too!

If you’ve had credit challenges, you know how hard it can be to rebuild your credit score to the point where people trust you to pay your bills now. It can take years to reestablish a good credit score. When it comes time for a bigger purchase that’s a necessity – like a new car – it can cause a lot of stress. If you need a new car but have bad credit, chances are good that you’ve done an Internet search on financing options for people with bad credit. If that’s the case, you probably turned up some information about buy here pay here car dealerships that claim that they lend money to people with bad credit. But how do you know whether you can trust these dealers or not? Will they give you a good deal?

They Will If You Shop At AutoMax.

AutoMax is one of North Carolina’s premier buy here pay here car dealerships. We’ve been helping folks like you purchase cars since 1989. Our business was started with the idea of selling and financing good-quality, reliable pre-owned cars to people all over North Carolina, including Henderson, Youngsville, Raleigh, and Durham, as well as the surrounding areas. Our goal is to help people get a good car at a price that fits within their budget, regardless of their credit history.

AutoMax Focuses On Your Future, Not On Your Past.

At AutoMax, you’ll find friendly people who like building relationships. We like getting to know our customers and their families. In fact, many of our employees have been with us for more than 15 years. That’s a long time in one place! This means that when you come in, you’re likely to see some familiar faces. That’s the way we like it.

You’re Not Just A Number At AutoMax.

You’ve probably heard stories about buy here pay here financing or dealerships, so we want to debunk some of the myths. We believe that an informed customer is the best kind of customer, and we want to make sure you understand why AutoMax is so special.

Myth #1: Buy here pay here dealerships aren’t trustworthy.

Nothing could be further from the truth. Buy here pay here dealerships are legitimate businesses and are subject to laws and regulations just as traditional dealerships are. The big difference between the two is that a buy here pay here car dealership carries the financing on the cars it sells, rather than farming the financing out to a bank or other third party financial institution. Buy here pay here is a better deal for you because it means you don’t have to go from bank to bank trying to find someone who will make you a loan.

Myth #2: Buy here pay here loans have an interest rate of 30% or more.

Wrong! Most states have a ceiling on interest rates so that consumers cannot be taken advantage of. Buy here pay here car dealerships are required to follow the rules just like everyone else. AutoMax keeps interest rates competitive because it’s good for business. It’s all part of giving the customer the best deal possible. Think about it. If a competitor is offering lower interest rates down the street, you might be tempted to go check them out. But interest rates are only part of the equation, so buyer beware. With AutoMax, you get a transparent deal that you understand and can live with.

Myth #3: Down payments are probably as much as the dealership paid for the car in the first place.

Not so. That wouldn’t make any sense from a business perspective. If no one can afford the down payment, no one will buy cars at all. And that’s bad for business. A reputable buy here pay here dealer understands that people with no credit or bad credit probably don’t have the cash for a hefty down payment. At AutoMax, we work with you based on your current income and financial obligations. We want to set you up for success, not failure, so we make sure your down payment is reasonable and is one that you can afford.

Myth #4: The minute I miss one payment, my car will be immediately repossessed or I’ll be hit with huge late fees.

This is an interesting one. If you think about, any institution that lends money to people has the right by contract to have it paid back to them. This applies to cars, houses, boats…and any other item for which you’ve gotten a long-term loan. The myth that buy here pay here dealerships accelerate late fees or repossession after one missed payment is just that – a myth. All lenders charge late fees if a payment is past due. But at AutoMax, you’ll be assigned a dedicated account representative who will work with you if unforeseen circumstances come up and impact your ability to make your monthly payment. All you have to do is call. Your account representative will stick with you throughout the entire life of the loan and will even give you a direct phone number to reach them.

Myth #5: Buy here pay here dealerships only sell lemons so they don’t stand behind their vehicles.

Wrong again! Most buy here pay here dealers put their vehicles through a rigorous inspection before putting them out on the lot. Certified trained technicians go over every inch of the car, paying particular attention to the features that factor into the reliability and safety of the vehicle. In addition, many buy here pay here dealerships offer warranties on their vehicles. At AutoMax, 100% of the cars sold come with an outstanding warranty that covers much more than just the engine and transmission. Items like the brakes, cooling system and more are also included.

Buy here pay here car dealerships are a great option if you have bad credit and need a new car. At AutoMax, we’d love to help. Stop in and visit one of our locations in Henderson or Youngsville today and see what you think. We think you’ll see the difference!

It’s pretty easy to figure out when it’s time to buy a new car. Either the old one stops working, it gets totaled in an accident, or it starts costing you a ton of money in maintenance and repair costs. At that point, visions of a new vehicle start swirling in your head. For many, a used car is the perfect solution because of the savings and value it provides. Used cars are a great option because new vehicles depreciate in value by almost 20% in the first 12 months! Save yourself thousands by purchasing the car at a lower rate once it has a few miles on it.

But How Do You Know Who’s Trustworthy When It Comes To Reliable Used Cars?

Great question. Looking for a used car can be stressful. If you’re not sure where to start your search, start with AutoMax. AutoMax, a buy here pay here car lot, has been keeping people in certified pre-owned vehicles since 1989. With two locations (in Henderson and Youngsville), lots of inventory, and convenient in-house financing options, this car dealership is certain to have a few vehicles that catch your eye and fit your needs.

Here Are The Top Things To Look For When Buying A Used Car

AutoMax wants to help with the search for your next set of wheels. We’ve compiled a list of things to keep your eyes open for when shopping for a used vehicle.

The Good

CARFAX reports. It’s very common for used cars to come with a CARFAX report. A CARFAX report gives you historical information about the car you’re considering. It tells you whether the car has been wrecked, whether it’s ever gone to salvage, and whether the airbags have ever deployed. It also gives you repair history, estimated mileage per year, registration history, and more. If the car you’re interested in has a CARFAX report available, make sure you read through it. It could help you avoid a costly mistake.

Customer reviews. Many websites offer customer reviews and feedback on used cars. Take advantage of them to make sure the make and model you’re considering is worth laying down your hard-earned money for. Start with sites like Kelley Blue Book, Edmunds, and US News and World Report, all of which are free.

The Bad

Leaks, squeaks, drips, and rattles. Always have a certified mechanic make a thorough inspection of the vehicle before the purchase. Make sure they check all hoses and belts for leaks, wear, and tear. Check the condition of the tires to make sure they’re in good shape and have plenty of tread. Have the brake system checked, too. The mechanic should also look underneath the car to check for oil or other fluid leaks. A trained mechanic will check for all this and much more. Depending on what’s found, you can then proceed with the sale – or not.

Smelly interior. When you open the car door for the first time, take a big whiff, and notice the smell. What does the interior smell like? If it smells like stale cigarette smoke, the chances are good that the previous driver was a smoker. While many people are okay with this, if you’re bothered at all by second-hand smoke, this is something you need to be aware of before you buy. Also, you might want to check for ash burns on the upholstery and carpet. The smell of mold or mildew may indicate a water leak, which is something you’d want to have checked out. Remove the floor mats and look for water spots as these can also be indicators of water leakage. Many smells are hard to get out of the interior of a car, so what you smell when you first open the car door may be what you have to live with if you purchase the car. Make sure you’re okay with that.

The Ugly

Dings, dents, or rust. Walk around the outside of the vehicle. What do you see? If the answer is dings, dents, and rust, then find another car. These are signs that the car you’re looking at has probably not been well cared for in its past life. Even if a mechanic doesn’t find anything wrong with the car and the CARFAX report doesn’t show anything to be alarmed about, you might want to question the car’s history further, just to be sure.

Super-high interest rates or down payments. When you shop for a used car, make sure you talk with the finance department about financing the loan. Do you have to arrange your own financing, or do they offer in-house financing through the car dealership? Do some homework ahead of time, so you know what’s reasonable when talking about down payments, loan terms, and interest rates.

If you have bad credit, you’ll definitely want to visit AutoMax. We’re a buy here pay here car lot, and our financing professionals work with people who have bad credit to get them into a used car they can afford. We offer reasonable interest rates and take care of all the financing in-house. Our loan application process is quick and easy, too. We cover the Raleigh and Durham metro areas as well as our hometowns of Henderson and Youngsville.

If you’re ready to buy a used car, stop in and visit AutoMax. We take care of many of the issues mentioned above, making the car buying process virtually stress-free. All our vehicles are inspected by certified trained mechanics before we put them on our buy here pay here car lot, and have CARFAX reports available. We want you to feel comfortable with your “new” used car. Visit AutoMax today

You hear the phrase on the radio and see it on windshields as you drive by car dealerships. It seems to be all over town. We’re talking about the term “in-house car financing.” What, exactly, does that mean? Is it a trendy fad that’s here today and gone tomorrow, or is it something that’s actually worth learning about?

Those Are Great Questions. We’re Glad You Asked!

“Who are you?” you’re now asking. We’re AutoMax,  an in-house car financing dealerships in North Carolina. We’ve been serving the cities of Henderson, Youngsville, Raleigh, and Durham since our founders started the company in 1989. We’re still a family-owned operation. In fact, the second generation of the family is running the business now, but we still adhere to the principles that guided us when the company was first started. That is, we sell and finance quality pre-owned vehicles to people all over central North Carolina. We have two locations – one in Henderson and one in Youngsville – so we’re easy to access.

“That’s Great,” You’re Thinking, “But Get Back To The In-House Car Financing Thing.”

Okay, moving on. In-house financing just means that we handle all the financing for the vehicles we sell. We take care of all the paperwork, make the loans, and collect the payments. No need to visit a bank to see if you can get a loan. When you come in to buy a used car from us, we take care of everything for you. We’ll walk you through the car-buying process from start to finish and make it easy for you – and fun, too!

“Okay, But I’ve Had Some Credit Challenges. I Bet You’re Not Really Talking To Me.”

Think again. We are talking to you. Because we handle all the financing in-house, we make the rules (mostly) when it comes to who we lend money to. We are governed by some state regulations regarding lending practices and interest rates – just as all lenders are – but for the most part, we decide who we want to loan money to. And when you shop for a used car at AutoMax, we guarantee approval. That’s right. We don’t care about your past credit issues. All we care about is your future earnings potential and whether you’ll be able to afford to make your monthly payments on time.

“There Has To Be A Catch, Right? You Can’t Just Loan To Anyone.”

Nope, no catch. We do loan to anyone and everyone. In fact, we finance 100% of the vehicles we sell. We do that by working with you up front to determine how much car you can afford and how well the payments fit into your budget. We won’t loan you more than you can repay. We want to make sure that, especially if you’ve had credit trouble in the past, you can repay your loan according to the terms agreed on in the contract. We help set you up for success, not failure.

In-house car financing gives people with bad credit a chance to start over. Working with an in-house car financing dealership can even help rebuild your credit score. At AutoMax, we report your on-time monthly payments to Equifax, one of the largest consumer credit reporting agencies in the country. This can help rebuild your credit score so that when you go to apply for a loan a couple years from now – for a house, for instance – you’ll be back on top and able to get a mortgage loan because of your good payment history with us. Other potential lenders appreciate seeing a trustworthy, responsible stream of payments being made on time every month.

“Okay, But I Bet Your Down Payments Are Sky-High Then, Right?”

Nope. We have reasonable down payments, too. Again, we want to set you up for success. Having extraordinarily high down payments wouldn’t serve you or the dealership very well. It’s often the case that someone who’s had credit challenges may have trouble saving up a pile of cash for a down payment. We keep our down payments reasonable and guide you to the cars on our lot that are within your budget.

“So How Do I Qualify For In-House Financing From AutoMax?”

Prequalification is easy. Just click here to go to our online credit application. Fill out the form, answer a few questions, and you’ll be on your way to a “new” used car in no time. You’ll find out whether you qualify within minutes, and then you can start gathering the information you need to bring into the dealership with you when you come in to look for your new car. You’ll need to bring the following with you:

• A valid North Carolina or Virginia driver’s license
• Two recent pay stubs as proof of your income
• One current utility bill which shows that you’re a resident of North Carolina

“I’m Ready To Shop For A Used Car Right Now!”

We’re glad to hear it! Our lots in Henderson and Youngsville are filled with good-quality, reliable used cars, many of which are certified pre-owned vehicles. Our trained mechanics inspect each vehicle as it comes into the dealership to ensure safety and reliability for our customers – and this inspection takes place before the car is added to our lot. We know a large portion of your life depends on getting where you need to go on time and without hassle. That’s what we provide for our customers.

Here’s what one of our customers had to say about her experience:

“I have had an excellent experience with AutoMax. Come by and pick out a car and they will help you get it. I had no car, two jobs to go to and five kids. I came over and they helped me wonderfully and I have had a great experience with AutoMax. Come on by.”
-Tina

Come on into our Henderson or Youngsville location and let our friendly sales staff help you pick out your next used car. If you have additional questions about in-house car financing or in-house car financing dealerships, our sales team will be happy to answer them. They’ll get you going on a used car loan and have you behind the wheel in no time!

The world of car financing can be a confusing one. There’s a lot of paperwork that has to be filled out, and even those who consider themselves financially savvy may have challenges keeping everything organized. It’s also hard to keep all the terms straight. Buy here pay here dealerships have become very popular, but just as soon as you decide you might stop in and visit one, you come across something called an in-house car financing dealership.

So What Gives? Are They The Same Thing?

The short answer is yes. Possibly. A buy here pay here dealership is often the same as an in-house car financing dealership. They both offer the same service: on-the-spot financing for a new or used vehicle. However, not all dealerships that call themselves buy here pay here truly offer in-house financing. There can be differences from one to the next that prove that not all dealerships are created equal.

Here Are Things You Need To Watch Out For.

Some dealerships call themselves a buy here pay here dealership in order to entice people with bad credit to stop in and shop for a new vehicle. And this is fine – they might have one you’re interested in. However, here’s the catch. Many times these dealerships require a credit application from you, and then once they receive your application, they start shopping it around to banks, credit unions, and other lending institutions, trying to find someone willing to loan you money.

So here’s the reality: While these dealerships claim to offer in-house financing, what they’re actually doing is sourcing the loan from another lending institution on your behalf.

While this might seem like a helpful service, what they’re really doing is making your already shaky credit even worse. By presenting your loan application to several lending institutions – all of whom will pull a credit report on you – they’re actually hurting your credit score. Multiple hits on your credit report within a short time are bad; lenders don’t like to see that. So these buy here pay here dealerships are not helping the situation at all. And it’s quite likely that after all this, you still won’t be able to get a car loan. So you’re back to square one.

How Do I Know Which Type Of Dealership I’m At?

You need to ask questions once you get to the dealership…BEFORE filling out any credit applications. Ask the dealership what you have to do to qualify for a loan and where the financing comes from. Ask if they provide it themselves, or if it comes from a bank or other lending institution. If it’s the latter, chances are good that getting your “in-house” car financing from that dealership will do you more harm than good.

Also, make sure you ask if they pull a credit report or not. If so, you’re probably not at the type of buy here pay here dealership that truly offers in-house financing. You’ve most likely found one that likes to use the two terms – buy here pay here and in-house financing – interchangeably, hoping that you won’t understand the difference. If you suspect this is the case, you’d be better off moving on down the road and trying another dealership instead.

So Are There Any Buy Here Pay Here Dealerships That I Can Trust?

Of course! Many in-house financing car dealerships do just what they say they do, and they do it with honesty and integrity. You just have to know where to look. The best way to find a legitimate buy here pay here dealership is to ask around. Check with friends, neighbors, and relatives to see if they’ve shopped at one they would recommend. You could also ask for recommendations on Facebook or other social media sites.

Many business directories like Angie’s List and Yelp have customer testimonials and reviews that can be very helpful. Do an Internet search on in-house financing car dealership near me and see what comes up. Then read through the testimonials and comments to see what kind of experience people have had at each place.

Here’s One You Can Trust For Your In-House Car Financing Needs.

AutoMax in Henderson, North Carolina, is a buy here pay here dealership that you can trust to handle all the financing for you – in-house! That’s what they do. AutoMax provides in-house car financing for folks with all kinds of credit scores, including bad credit or no credit. In fact, AutoMax handles the financing on 100% of the cars they sell! That means from start to finish, you’re working with a team of finance professionals that will walk you through the car-buying process, discussing your transportation needs to make sure you get into a car that’s the best fit for you.

The pros at AutoMax also help you figure out how much car you can comfortably afford. What kind of payment fits within your budget? Can you afford a down payment? What other monthly obligations do you have? All of these questions should be considered before signing on the dotted line. At AutoMax, you’ll have help figuring all this out.

Qualification Is Easy.

Qualifying for a loan at AutoMax is easy. Fill out the online prequalification form, and you’ll know within minutes whether you qualify for a car loan with them or not. And here’s a secret: AutoMax approves 100% of the loan applications they receive. That means it’s a safe bet that you’ll soon be driving away in a new vehicle!

AutoMax Wants To Help You!

AutoMax was started in Henderson in 1989 by two brothers who wanted to help people purchase pre-owned vehicles that were safe and reliable, and do so without breaking the bank. The company is still run by the same family today and has expanded to include a second dealership in Youngsville. AutoMax focuses on serving Henderson, Youngsville, Raleigh, and Durham as well as the surrounding metro areas, connecting customers with affordable vehicles that fit their budget. Visit AutoMax today for true in-house financing. You’ll see the difference!

Are you ready to trade in your college clunker for a new, professional whip? Is your family growing and you need a more functional, fuel-efficient ride? Perhaps you’re simply at the stage in your life where you’re ready for an upgrade. Regardless of your circumstances, purchasing a new set of wheels is a huge decision. On average, Americans spend almost 300 hours in their car each year, so it’s important to pick something functional, affordable, and stylish.

The Conundrum.

While determining that you need to buy a new vehicle is easy, finding the funding to make it happen is much more difficult. Financing is one of the biggest roadblocks to getting behind the wheel of a new car, and this is a barrier that’s tough to beat. That said, it’s also the most common way to pay for a new ride. In fact, very few Americans have a free flow of cash sitting around to pay for a new car out of pocket. This makes getting a loan is a necessary evil. Applying for financing through a bank or third-party financial institution requires lots of documentation, prep work, and good credit history. If you lack any of these items, you’re likely to strike out on securing the loan you need.

The Solution.

Luckily, there are other options for obtaining the funds needed to drive away in your dream car. An on the lot car financing dealership may suddenly become your best friend. These unique dealerships are an excellent option for those who aren’t sure their credit will pass the test at a bank or credit union. Let’s take a deeper dive into how an on the lot financing dealership operates.

On The Lot Financing At A Glance.

Working with an on the lot car financing dealership is pretty easy, and most dealerships are friendly and accommodating. While each dealership may have small deviations or distinctions from their neighbor down the street, the basics of on the lot financing are generally similar from dealership to dealership.

At a glance, on the lot financing essentially means that the dealership is willing to offer a unique financing package to customers who cannot obtain a loan elsewhere. The dealership is willing to take on the risk of making the loan to finance your new car. The rates and terms you get with an on the lot car financing dealership are specific to your unique needs and offer the perfect solution to help get you behind the wheel of your new ride – without the assistance of traditional banks or other lending institutions.

Best of all, most dealerships don’t bother to check your credit score. They don’t need to. They make their own rules when it comes to who they lend money to. This means the work involved in obtaining the loan is minimized; and the risk of not getting it is nearly zero since many of these dealerships guarantee approval to everyone.

Why would an on the lot financing dealership be willing to take on this risk? It’s simple business: Without financing, people can’t purchase a car, and the dealership doesn’t make a sale. However, it goes deeper than this. Many dealerships also care about the customer and offer a second chance to those who find themselves in a financial pickle. Offering on the lot financing is a win-win situation and a great option if you’re looking for help when you go to purchase your new car.

More Perks Around The Corner…

There are some definite advantages to obtaining financing through the dealership. One of the more apparent stems from the speed in which these dealers work through the financing paperwork. With a bank, getting approval can take weeks, even months. Banks suffer when they make a bad loan, so they spend a lot of time researching your financial history. It’s hard to blame them for being cautious; after all, they have a business to run. But when you’re anxious to get started on your search for a new car, all that lost time is frustrating. Working with an on the lot car financing dealership is the way to go.

Here’s Why.

Communication and paperwork are simplified. You’re working directly with the dealership rather than through a third-party lender. Since the dealership assumes the risk of the loan themselves, they can nix a few items like lengthy loan applications and credit checks, so the process moves along much quicker. On the lot financing dealerships work on a ton of in-house financing applications every day, so the paperwork process is smooth and seamless.

It may be your only option. If your credit is truly shot, it may be nearly impossible to get the financing you need without the help of these dealers. An on the lot car financing dealership offers a fresh start and an opportunity to begin rebuilding your credit score. These dealerships give you a chance when most other lending institutions turn up their noses. Certainly, this makes them worth consideration. They’ve built a business on helping people with bad credit purchase reliable transportation that’s also affordable.

Let AutoMax Help You Finance Your New Vehicle.

Buying a new vehicle when you’ve had a few credit hiccups can be frustrating and somewhat overwhelming. While it may seem hopeless at first, there is a light at the end of the tunnel! AutoMax, an on the lot financing dealership in North Carolina, is on your team and ready to help you drive away in your new ride.

Our dealerships in Henderson and Youngsville, North Carolina, are just what you need to get pointed in the right direction. Also serving the Raleigh-Durham market, our friendly, knowledgeable team is here to walk you through the loan process and ensure that you get the vehicle you need with a monthly payment you can afford. Whether you’re a veteran to the financing game or funding your very first car, the AutoMax team will help you navigate this process with ease. Visit one of our North Carolina dealerships today to shop for your shiny new ride. We can’t wait to help you get on your feet and on your way!

On-the-lot car financing dealerships seem to be popping up everywhere, but they’re not a new concept. On-the-lot financing dealerships have been around since the savings and loan crisis of the early 1980s. During that period, there was intense scrutiny on the lending practices not only of savings and loans but of other financial institutions as well. Loan rates sky-rocketed as available cash for loans decreased, making it difficult for the average consumer to get a loan and make payments on the purchase.

On-the-lot financing dealerships were started because dealers still needed to sell cars. That is their business, after all. And consumers still needed reliable transportation to get to work. Some auto dealerships decided that the best way to sell cars was to handle the financing themselves. That way, they could loan to people who seemed like a reasonable risk, without the customer having to go through the rigorous vetting process required by banks and other lending institutions. Thus, a new industry was born.

Okay, So What Does This Have To Do Anything?

What we’re saying here is that on-the-lot car financing isn’t new. It’s a legit business and can be an excellent option for people who are strapped for cash or have bad credit. Many of these on-the-lot financing dealerships sell only used vehicles. There’s a reason for that. Used vehicles cost less. So for someone who struggles to accumulate large sums of cash for a down payment, shopping for a vehicle that costs less to begin with makes sense.

Here Are 5 Benefits Of On-The-Lot Car Financing.

To help you understand why on-the-lot car financing might be a good option for you, here are 5 benefits to consider before you go car shopping.

#1: It’s easier to qualify for a loan.

Most on-the-lot financing dealerships make it quick and easy for customers to qualify for a loan. Because the dealerships take on the risk of loaning you money, they have the flexibility to set their own lending guidelines. Many of these dealerships have an online application that gives you an answer in just a few minutes – sometimes within five minutes or less! This gives you the confidence to walk into the dealership and start looking for a car, knowing that you’ll be able to get a loan for it.

#2: You get more flexibility on your trade-in.

If you have an old car, on-the-lot financing dealerships may be willing to give you a better deal on the trade. Because they set the terms of your loan in-house, they also have the flexibility to offer you more on your trade-in if it helps strike the deal. This is a benefit you don’t get at a traditional car dealership. There you’ll typically get an inflexible “take it or leave it” attitude that’s not conducive to you getting the full value of your trade-in.

#3: You get financing regardless of your past credit history.

People who’ve had credit challenges in the past are often stressed out and fearful when it comes to car shopping because they’re afraid they won’t be able to get a loan. And who has the cash to pay for a car up front? Most on-the-lot financing dealerships don’t care about past credit challenges. They don’t even pull a credit report or look at your credit score. Their main focus is on your future earnings potential and whether you can make your payments every month. You will have to prove to the finance team that you have a job, and you’ll have to tell them how much you make. But they use that information to help structure a deal with payments that fit within your budget.

#4: Getting on-the-lot car financing can actually help your credit score.

Working with an on-the-lot financing dealership can actually improve your credit score when you make your monthly payments in full on time, every time. Many on-the-lot financing dealerships will report your on-time payments to one or more of the top consumer credit reporting agencies. This goes on your record and shows that you’re a financially responsible person who can be trusted with a loan. Over time, your payments help boost your credit score, and before you know it, you’ll be back in the black.

#5: Many on-the-lot financing dealerships are run by good people who really do want to help.

While there are bad apples in every basket, you’ll often find that the people who own and operate on-the-lot financing dealerships are good people with compassionate hearts. In fact, many of these businesses were started specifically to help fill a need: the need people with bad credit have to be able to purchase safe, reliable transportation. In many cities across the country, having a good set of wheels isn’t just a “want-to.” Having a reliable vehicle is a must, but for people who’ve fallen on hard times, had a streak of bad luck, or have made a few poor decisions in their day, buying a car can be difficult. Working with an on-the-lot financing dealership that cares about getting you into something you can afford alleviates stress and makes the car-buying process doable.

Here’s A Recommendation For On-The-Lot Car Financing In North Carolina: AutoMax.

If you have bad credit and need new wheels, go to AutoMax. They have two locations – in Henderson and in Youngsville – and have been serving these cities, as well as the Raleigh-Durham metropolitan area since 1989. The company was started by two guys who realized that people with bad credit had a hard time getting traditional loans. They decided to help by making used vehicles affordable through on-the-lot car financing.

When you visit AutoMax, you’ll find friendly, caring people who genuinely want to help. They work with your current financial situation to make sure you get into a vehicle that’s right for you – one with payments that fit within your budget. They’re not interested in making your situation worse by tacking on extra fees or requiring a large down payment. They’ll work with you to put together a deal you can live with. You’ll soon be driving a new set of wheels!

If you’re someone who’s had credit challenges in the past, you probably know what it’s like to get turned down for a loan. It doesn’t feel good. It’s embarrassing, stressful, and frustrating, especially if you’re doing everything you can financially to get back on your feet again. So what happens when you need a new car? You’ll probably need a loan, and you’ll probably have to come up with a down payment. But one look at your credit history and lenders will want a huge down payment that you’re not able to scrape together. What are you going to do?

How About Looking For A Buy Here Pay Here Dealership That Will Give You A Loan With A Down Payment You Can Afford?

Sounds too good to be true, right? But it’s not. Buy here pay here dealerships specialize in helping people with bad credit purchase used vehicles. They know you have to have wheels to get to work, get the kids to school, etc. And when traditional lenders and car dealerships won’t help, you’re stuck. A buy here pay here car might just be the way to go.

Many buy here pay here dealerships were started to help people with bad credit purchase reliable transportation. So they’re a great place to start when you’re looking for a car with a low down payment.

Buy Here Pay Here Dealerships Are Different.

Buy here pay here dealerships take on the risk of loaning you money themselves. There’s no bank or other lending institution involved in the transaction. And because they make the loan themselves, they have some flexibility in what they can offer to their customers. For instance, buy here pay here dealerships often give you more for your trade-in. They know that it’s part of the whole deal, and sometimes the trade-in value is essential to completing the transaction. So they give you more for your old car because they can.

They Offer Easy Loan Qualification.

Buy here pay here dealerships also determine the requirements for a loan. Many buy here pay here car deals are struck right on the lot with people who have no credit or a very low credit score. Often you’ll find that buy here pay here dealerships guarantee loan approval for everyone. In fact, some dealerships boast that they finance 100% of the cars they sell! They handle all the paperwork for you, too, which is a big bonus since that can be a confusing part of the car-buying process.

Qualifying for a buy here pay here car loan is quick and easy, too, with an online credit application. Answer a few questions, push a button, and voila! You have an answer in no time!

Buy Here Pay Here Dealerships Also Offer Low Down Payments…

Because buy here pay here dealerships work with people with bad credit, they know how hard it can be to muster up a hefty down payment. These dealers work with you on the loan terms, including the down payment. They take a look at your current financial situation – your income, your monthly obligations, and your budget – and then come up with a plan for getting you into a new car that you can afford, Not only do the monthly payments have to fit in your budget, but the down payment does, too. Buy here pay here dealers have flexibility with both and will put together a loan that you can live with.

…And They May Not Pull A Credit Report!

Another bonus is that some of these dealerships don’t even bother to pull a credit report on you – and that’s something to be happy about! When you have bad credit, multiple hits on your credit report can make the situation worse. Lenders assume that more hits mean that you’re looking for someone to loan you more money, and that makes them nervous. Shopping at a buy here pay here car dealership is a great option for someone with a bad credit score because they’re not concerned with your credit history.

Buy Here Pay Here Dealerships Have A Great Selection Of Used Cars In Inventory.

If you’re looking for a buy here pay here car with a low down payment, you’ll find it at a buy here pay here dealership. Many of these dealers scour the region looking for the best used cars they can find. Some come from traditional dealerships; some are purchased at auctions; and some are bought outright from other individuals. The point is, the car buyers at these dealerships know what to look for. They can spot a safe and reliable vehicle right off the bat. And once the car comes into the dealership, it goes through a rigorous inspection by certified mechanics. They make any needed repairs and make sure the car is good to go before it ever hits the lot. If you’re looking for a buy here pay here vehicle with a low down payment, you’ll have a lot to choose from at a buy here pay here car lot.

AutoMax Is Your Buy Here Pay Here Dealer In North Carolina.

Now that we’ve examined how you might go about finding a buy here pay here car with a low down payment, it’s time to visit AutoMax, one of North Carolina’s best buy here pay here dealers. AutoMax has locations in Henderson and Youngsville and also serves the Raleigh-Durham metro area, providing folks like you with certified pre-owned cars that are both reliable and affordable. Their friendly staff gets to know you and your financial situation before sending you out to the lot to look for a car. In this way, they can point you to the vehicles that will best fit within your budget. After all, if you can’t make the payments, you won’t have the car very long, and that’s bad business for both of you. AutoMax wants to set you up for success with a car that has a low down payment and monthly payments that you can afford. Stop in and see them today!

The bad credit blues are real, and they’re all too common in today’s economic environment. In fact, research suggests that almost 70 percent of Americans have completely ruined their credit by their third decade. With the constant push for instant gratification, the urge to keep up with rapidly changing technology, and a myriad of social media outlets that make “keeping up with the Jones” a real issue, it’s not surprising that consumers use credit cards with reckless abandon.

For some, a simple mistake when it comes to finances can result in significant long-term repercussions. Once you’ve messed up your credit score, the climb back to financial health feels like an uphill battle. An area that’s dramatically impacted by ruined credit is the ability to obtain financing for big purchases like a home or car. In particular, the inability to get a car loan is one of the most hurtful because transportation is such a critical part of daily living. Most people in North Carolina have to have a vehicle to perform daily tasks like getting to work, running errands, and getting to the gym. With minimal public transportation available, having your own car is a must.

There is a way out!

While this situation is all too real for many Americans, there is hope around the corner. Bad credit doesn’t have to stop you from getting the car you’ve been eyeing. You may be a perfect candidate for a bad credit auto loan from a bad credit car dealership. You’ll be pleased to find that many of these dealerships offer flexible financing terms to people who could never obtain financing elsewhere. Financial mistakes cause many challenges, but it doesn’t have to completely ruin your ability to reach a few of your life’s goals.

Here’s What You Can Expect When Working With A Bad Credit Car Dealership.

Getting a bad credit auto loan isn’t as hard as you might think. Here’s what to expect when working with one of these dealerships and a few steps you can take to prepare ahead of time.

#1: Come Prepared With The Basics.

As with any financing institution, bad credit car financing requires some necessary paperwork. The dealership will likely ask for things like a recent pay stub and a utility bill, as well as current license and insurance information. If you’re not prepared to provide this information, you’ll be out before you get started. A bad credit car dealership may also ask for a few professional references as a testament to your character and trustworthiness. After all, the dealership is the one throwing the dice when it comes to offering you financing for a car. Coming in fully prepared stacks the odds in your favor from the start.

#2: Understand How Credit Works.

Before hitting the dealership, it’s a good idea to fully vet your credit score. Knowing where you stand and setting a goal for the future is a good task to complete before ever applying for bad credit car financing. Even if you know your score is damaged, it’s good to have a base for improvement. Detailing your credit report will also help you identify the fastest way to improve your score. Perhaps there are some quick fixes you can easily make before applying for a loan.

Once you’ve determined your credit score, make sure to ask the dealership if they report timely payments to the major credit agencies. This can help boost your score and start rebuilding your credit history. Many bad credit car dealerships do this; make sure you ask ahead of time to be sure the one you’ve chosen does this for its customers.

#3: Do Some Research On Loan Terminology.

Understanding how loans work and which terms are most favorable will help you have a productive conversation with the finance team at the dealership. Doing a little research in advance will help you sort through the contract with confidence and help you feel informed and ready to walk away with your used car. Some loan terminology is difficult to grasp, but researching common financial terms like “annual percentage rate,” “interest rate,” and “loan life” are must-dos before ever setting foot in a bad credit car dealership. Doing your research will really pay off and will help you feel confident when discussing the loan.

#4: Expect A Quick Turnaround.

Unlike traditional lenders like banks and credit unions, car dealerships offering bad credit auto loans tend to turn things around pretty quickly. They’re able to do this because they’re the ones making you the loan. This means they have more control over the entire process. They can streamline the process because they don’t have to get approval from anyone else to make the loan. If you have the proper documentation, they’ll work with you. In fact, you can often expect to walk away with your loan (and your new car) on the same day! These dealerships have a wealth of knowledge and experience when it comes to churning out loans, and you can expect they’ll have a team wholly committed to helping you with the best financing solution.

AutoMax Is One Of The Best Options For Bad Credit Car Financing In North Carolina.

There’s no doubt that applying for a car loan with bad credit can be scary. The fear of rejection or the thought that you’re not getting a good deal is bound to cross your mind. But don’t let bad credit stop you from buying a car. AutoMax is a bad credit car financing dealership. We specialize in providing bad credit auto loans to customers in almost any financial situation. Our friendly financing team at AutoMax will work with you on a loan that fits your unique situation and results in monthly payments that you can afford. You’ll find AutoMax in both Henderson and Youngsville; we also serve the Raleigh and Durham metropolitan markets. Getting a loan with bad credit has never been easier! Stop in and check us out today.

Ah, the journey of life. You’re busy, and you’re always on the move. But when your vehicle is on the blink, life’s journey can be stalled or even come to a standstill. You can’t get to work, you can’t get the kids to their activities, you can’t run your errands. The list of “can’ts” goes on and on, and the frustration builds. You spend hundreds of dollars on repair bills to get back on the road, only to have the car break down again. You feel trapped and helpless.

Let’s face it. Reliable and affordable transportation is one of life’s most critical necessities, and when you decide to stop hassling with repairs and purchase a different vehicle, figuring out where to get a reputable used car at a price you can afford can be daunting. If you’ve experienced unfortunate circumstances in your life’s journey that have thrown bad credit into the mix, the situation can become even more frustrating – downright embarrassing, even – with the risk of being turned down for a car loan hanging over your head because of those bumps on the credit highway.

Help is available.

What if there was a way to get in house car financing for your vehicle without a credit check or a lot of red tape? “Dream on,” you say under your breath. We get it. But in house financing dealerships are a viable solution for people who need a little help getting a car loan because of bad credit.

AutoMax,  one of North Carolina’s largest in house financing dealerships, proudly serves the Raleigh, Durham, Youngsville, and Henderson metro areas. They’ve helped thousands of people get back into a reliable vehicle with a payment they can easily handle. And here’s the good news: They can help you, too.

Here Are Some Of The Benefits Of Using AutoMax For In House Car Financing.

Skip The Bank And The Credit Check.

Unlike traditional used car dealerships, dealerships with in house car financing programs don’t work with a bank, credit union, or other lending institutions; they make the loan to you themselves. This is good news for buyers with bad credit. AutoMax specializes in helping people with credit issues purchase a car that fits their needs and – most importantly – their budget. They don’t focus on your past; they focus on your future. As long as you can make the payments, they’ll provide you with in house financing for your used car.

Do Business With People Who Care.

AutoMax and their team of professionals really listen. Their friendly team takes pride in building relationships with customers just like you by first learning about your car-buying needs and your specific financial situation. At AutoMax, you’re not just a number; they truly care about you. They understand you want a car payment you can afford and a reliable vehicle that fits your needs. They’ll even give you an opportunity to help rebuild your credit score by reporting your on-time payments to the one of the major credit bureaus. You won’t get that from a bank, will you?

Get A Loan Quickly And Easily.

In house financing for used cars not only saves you time, it also makes everything simple – and who couldn’t use a little simplification? You don’t have to jump through hoops to get approval for your loan. At AutoMax, you can visit either of their North Carolina dealerships, bringing in just a few key pieces of information (valid driver’s license, two recent pay stubs, one current utility bill). Or you can do a little homework ahead of time by filling out the online credit application. Either way is quick, easy, and hassle-free.

If you choose to fill out the online application, you’ll be approved in minutes. AutoMax finances 100% of the used cars we sell in house. This means you can walk into either of the AutoMax dealerships with peace of mind, knowing you’re already approved and good to go from a financing perspective. What a relief that is!

Tons Of Inventory To Choose From.

AutoMax has tons of inventory on their lots. Once approved, you’ll be guided by a friendly AutoMax representative to the cars that fit your budget. This eliminates the all-too-common stress that is so prevalent in the car-buying experience. All prices are clearly marked; there’s no uncomfortable haggling over cost and no annoying add-on sales pitches or hidden fees.

Lots Of Payment Options To Fit Your Needs.

When you work with AutoMax, you can set your payment due dates at a convenient time each month and easily make payments through a wide variety of payment methods. Just choose which one is easiest for you:

• Automatically charge your Debit Card
• Automatic ACH (auto-draft)
• Traditional mail
• Call-in
• Text pay
• Online payment portal
• IVR (automated voice system)
• In-store

These options mean that making the monthly payments on time is in your hands. By planning your payment date and choosing the most convenient payment method, you’ll be confident you’ll never miss a payment, which will reflect well on your future credit journey.

Every Car Comes With A Terrific Warranty.

Worried about getting a used car that’s a “lemon?” Don’t be! Unlike other used car dealerships, AutoMax offers you worry-free used car ownership with a unique warranty provided on all vehicles. This warranty, included in the price of your used car, is displayed on the window sticker and on the company website, and provides protection on more than just the vehicle’s engine and transmission. It also covers many components rarely offered by other dealerships. You can check it out online at https://www.automax.net/warranty-information-from-automax-youngsville-nc.

Call AutoMax Today

The AutoMax dealerships in Henderson and Youngsville have proudly helped thousands of people with bad credit rebuild their lives and get back on track by providing in house financing for used cars. They’ll help you, too. Visit their website or stop in and visit today. You’ll be pleased with what you find, and you’ll be back to traveling this journey called life in no time. What have you got to lose?