Category Archives: Car Financing

Get approved for an auto loan in Wilson, NC.

How To Get Approved For An Auto Loan in Wilson, NC

If you have low credit – or worse, no credit – you’ll know auto loans are difficult to get through traditional methods. 

Banks and major dealerships are reluctant to take a chance on first-time borrowers, or new drivers who haven’t had a chance to establish a credit history.

Auto loans are one of the biggest contributors to your credit history, due to the amount and length of the loan. But in order to get a loan, you need good credit. It’s a vicious cycle that only serves to box buyers out of good credit and future opportunities.

How do you break the cycle?

Get approved at AutoMax to get ahead of the curve.

Why use an auto loan to fix bad credit?

Auto loans are one of the bigger purchases you’ll make in your life. The total amount of the loan, lifetime of the loan, payment size, and payment frequency positions auto loans right in the credit-building sweet spot. 

Buying a car will have a huge impact on your credit history – for better or worse. This is why it’s crucial to deal with a creditor you trust, who works with you to make sure your payments are made easily, on time, and that your good habits get reported to the credit bureau.

Who gets approved at AutoMax?

AutoMax in Wilson, NC is a Buy Here Pay Here car lot. Buy Here Pay Here (or BHPH) simply means we finance all our cars ourselves, so you make payments to AutoMax instead of a loan company or the bank.

Because we finance all our auto loans in-house, there’s no big banks or creditors to complicate the process or deny your approval. This means that we get to choose who to approve for a loan – and we specialize in improving credit.

We don’t care about your credit history, only your ability to pay back an auto loan in the present.

What do I need to provide?

Getting approved at AutoMax is easy! All you need is:

  1. Valid Driver’s License
  1. Last 2 paycheck stubs (Proof of Income)
  1. Utility bill or bank statement (Proof of Residency)

Our online credit application is the quickest and easiest way to get approved for a car loan in Wilson, NC. 

Team members are standing by to answer any questions you might have about the process.

Why is AutoMax best for On-The-Lot Financing?

AutoMax has been in the industry since the 1980s. In that time, we’ve built roots in the communities around Youngsville, Henderson, and Wilson, North Carolina, learning how to help our neighbors build – and maintain – good credit.

Here are just a handful of the benefits of financing with AutoMax.

Our Worry-Free Warranty and Benefits

When you buy with AutoMax, you’re not just getting a used car – you’re getting our promise to support you and that vehicle. We stand behind our cars. Which is why we offer benefits like:

  • Free oil changes
  • 24/7 towing
  • Rental car coverage in the event of a breakdown. 

Read more about our benefits here: Why Buy From Us?

Our worry-free warranty for 12 months, or 15,000 miles (whichever comes first) is included with every single vehicle.

AutoMax warranty terms are available to read online, too, so you know exactly what you’re getting when you sign up with us. Read about the warranty: Warranty Included On Every Vehicle Sold

We specialize in Credit Improvement

Don’t let the breadth of AutoMax benefits and services fool you. Just because we offer a lot of benefits – trades, towing, rental assistance, oil changes, and more – doesn’t mean we don’t have a speciality.

AutoMax is a Buy Here, Pay Here car lot with decades of experience in helping customers rebuild credit. Over the years we’ve seen it all. We’ve learned the ins and outs of working with  low-credit or no-credit customers and helping them get their lives back on track.

No matter what life throws at you, we commit to riding with you. Our team members are ready to help you improve your credit.

We’re proud of how many customers become repeat customers!

At every AutoMax location, we get to know you and your family. Parents who’ve repaired their own credit with an AutoMax car often return to help their kids’ start their own credit history off on the right foot.

Customers consistently rate AutoMax 5-stars when they talk about their experience. We work hard to build a relationship of mutual trust with every customer.

AutoMax of Wilson, NC has you covered.

If you need a low-credit auto loan in Wilson, Youngsville, or Henderson North Carolina, AutoMax has you covered.

Get approved online with our easy credit application. Or, visit any of our in person locations to meet our team and test drive a new car.

Bad credit doesn’t have to be the end of the world. Break the cycle of bad credit. Call AutoMax of Wilson, NC today.

Buy Here Pay Here Financing

Buy Here Pay Here Financing Explained

True Buy Here Pay Here dealerships handle 100% of financing in-house for the cars they sell rather than financing through a traditional bank or credit union. If you’ve searched the Internet for a good used car in North Carolina lately, you’ve probably seen several advertisements for buy here pay car dealers or buy here pay here financing. By now you may be wondering what that means. Although buy here pay here financing has become more common over the past few years, not everyone has heard of this method of purchasing a used car. However, it’s a viable option – and may be the best solution – for someone who has suffered from credit challenges in the past and cannot pay cash for a car.

What Does Buy Here Pay Here Financing Mean?

Buy here pay here financing is a term that’s used to describe the process of arranging a loan for a used car through the dealership the car is being purchased from rather than from a traditional bank, savings and loan, or credit union. Buy here pay here dealerships handle all financing on-site for the cars they have on their lot. They’re willing to take on the risk of lending money to someone with bad credit or someone who hasn’t had a chance to establish credit of any kind yet.

How Do I Recognize A Buy Here Pay Here Dealer?

Many terms are used in the industry for this type of car dealer. Phrases such as on-the-lot or in-house financing, easy financing, or no credit check financing often signal that the dealer is a buy here pay here car dealer. They all function in largely the same way, although there may be slight differences from one dealer to the next. AutoMax in Henderson and Youngsville, North Carolina is a good example of a trusted buy here pay here car dealership. They’ve been making car loans to customers in Henderson, Youngsville, and the surrounding areas for nearly 30 years and they love educating customers on the buy here pay here financing process. If you have questions about how buy here pay here financing works, jot them down, and then stop in and talk with the folks at AutoMax.

Making Payments Is Easy And Convenient

Buy here pay here dealers provide many different ways for you to make your car payment, allowing you to choose the one that’s right for you. The payment date typically coincides with payday, so making the payment every paycheck is convenient from a budget and timing perspective. Dealers often request that you make payments in person; but many dealers offer other options like online payment portals, payment by phone, automatic payment withdrawal from your checking account, or traditional mail service, to name a few. AutoMax allows you to pay online easily. AutoMax has an interest in your overall success, so they’re willing to work with you to ensure that making your payment is as convenient as possible.

Is Buy Here Pay Here Financing A Good Solution For Me?

Buy here pay here financing can be an excellent solution for someone who is not able to get a loan through traditional means. Buy here pay here dealers work with you when you come into the dealership. The qualification process is often very quick and easy, so you’ll know within minutes of arriving that you are approved. By requesting salary information, they’re able to come up with a down payment that your budget can handle. Payments are affordable, too. Buy here pay here car dealers like AutoMax want you to be happy with your purchase and comfortable with your payment schedule. They know that you’re more likely to succeed in keeping up with your payments if they fit well within your monthly budget.

Rebuilding your credit score is another reason why buy here pay here financing might be right for you. Many buy here pay here car dealers report your good payment history to Equifax. This good payment history gives you brownie points in the eyes of the agencies and future lenders because the more reliable you are with making car payments, the better risk you are for other lenders. This can boost your credit score and improves the chances of getting a conventional loan if you ever need to make another large purchase, such as a house.

Experience It For Yourself

Buy here pay here financing is simple once you understand how it works, and it’s a great way to purchase a used car if you have bad credit or haven’t had an opportunity to establish any credit record yet. North Carolina car dealer AutoMax has two convenient locations, one in Henderson and one in Youngsville, North Carolina. They’ve been serving customers in Wake, Durham, Orange, Franklin, Vance, Granville, Person, Nash, Johnston, Warren, and Halifax counties; and they’d love to help you, too. Stop in today and experience the ease of buy here pay here financing for yourself.