Category Archives: Car Loans

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.

How Hard Is It To Get An Auto Loan If You Have Poor Credit?

In today’s uncertain financial times, unexpected expenses can wreak havoc with personal finances. Many people who live from paycheck to paycheck walk a fine line every month trying to keep ahead of the bills while hoping and praying that they can avoid a disaster of some type – at least until they get their next raise. But the truth is, for many people, an unexpected large home repair bill, medical bill, or business bankruptcy can derail them financially. These setbacks can lead to negative financial statements and a damaged credit score that’s hard to recover from.

If this has happened to you, you’re probably very familiar with the negative emotions that result from this situation. Shame, embarrassment, and frustration go hand in hand with financial destruction. You might have also received the “helpful” advice of friends and relatives who’ve never been in your situation. Naysayers may tell you that you’ll never be able to rebuild your credit or that it’ll be years before anyone trusts you enough to loan you money again.

So…do you listen to their discouraging words?

The answer is no. Don’t listen to your friends and neighbors. They may mean well, but if they’ve never been in your situation, they shouldn’t be viewed as experts, right? There are ways to quickly rebuild your credit after a financial setback. It’s not the end of the world. A good place to start is with obtaining an auto loan.

How Hard Is It To Get An Auto Loan With Poor Credit?

The good news is that it’s actually not as hard as you might think, provided you know where to look. A great place to start is with a specialized bad credit used car dealership like AutoMax.

bad credit car dealership

AutoMax is a reputable buy here pay here car dealership in North Carolina.  They specialize in providing on-the-lot car financing options to help customers purchase reliable used vehicles. AutoMax offers this financing option to everyone, but they specialize in helping people with poor credit. Since they opened in 1989, AutoMax has been dedicated to helping individuals with bad credit or no credit in obtaining dependable transportation without any hassle.

Why Use On The Lot Financing Instead Of Traditional Financing?

Buying from a buy here pay here car dealership like AutoMax saves you both time and money. On the lot car financing means that the loan is made to you at the dealership. You don’t have to go through a traditional bank, and you don’t have to run around town trying to find someone who will provide you a loan. Instead, you qualify for the loan on-site, choose the car you want, and take care of all the paperwork right there at the dealership. It’s a quick, easy, and hassle-free process.

You also save money by avoiding extra charges that are typically found at a traditional car dealership. Fees like destination charges and prepayment penalties often don’t exist at a buy here pay here car dealership.

Buy Here Pay Here Car Dealerships Are Legit, Right?

Perhaps you are skeptical of bad credit car dealerships. That’s usually because you don’t know much about them. To some, they may seem too good to be true. But buy here pay here car dealerships are the real deal. While they have more flexibility when it comes to loan terms, they’re still regulated by state and local governments just like traditional lenders are. So, you can do business with them with confidence.

When you work with a reputable bad credit car dealership like AutoMax, you have the assurance of working with professionals who can guide you through every step of the car-buying process. They understand that your situation is sensitive and are committed to helping you succeed. They work with you to determine how much car you can afford based on your income and other expenses, then guide you to vehicles on the lot that fit into your budget. They want you to be successful and make sure you can make your monthly payments because it’s a win-win situation for both parties.

Qualifying For On The Lot Financing At AutoMax Is Easy.

AutoMax makes the loan qualification process extremely easy. Fill out the loan application online before you come into the dealership to get a head start on the process. You’ll need to provide some personal information like your birth date, social security number, and your monthly salary. The best part is most buy here pay here car dealerships don’t pull a credit report on you. Since they loan you the money themselves, there’s no need for a credit report. This is good news for anyone with bad credit because the more hits you have to your credit report, the worse it looks to other potential lenders.

AutoMax approves 100% of the loan applications they receive. They focus on your ability to make future car payments rather than dwell on your past credit history. All they want to see is that you can make your car payments going forward. In fact, AutoMax offers customers an opportunity to work on rebuilding their credit scores by reporting their good payment history to one or more of the top consumer credit bureaus in the country. This means you look good every time you make a payment; the more on-time payments you have, the better your credit score might look. Before you know it, you’ll be on the path to recovery.

Lots Of Payment Options Make It Convenient For You.

AutoMax offers customers a variety of convenient payment options, making it easy for you to not only obtain on-the-lot car financing at their buy here pay here car dealership but also make your payments directly to the dealership. Here are the payment methods available to you at AutoMax:

  • Automatic payment on a debit card
  • Automatic withdrawal from your checking account (ACH)
  • U.S. postal service (snail mail)
  • Phone
  • Text message
  • Online payment portal
  • In-person at the dealership

Call AutoMax For On The Lot Car Financing – Even With Poor Credit

It’s easy to get an auto loan – even with poor credit – when you know where to look. In North Carolina, people with bad credit in Raleigh, Durham, Henderson, Youngsville, or Wilson will benefit from a visit to AutoMax. Stop in today or visit online to pick out your next used vehicle. Buying a used car has never been simpler!

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.

How do I Make Car Payments to a Buy Here Pay Here Dealership?

AutoMax Offers Plenty of Outlets to Make Car Payments on Time

How do I Make Car Payments to a Buy Here Pay Here Dealership? 

Buying a car at a Buy Here Pay Here dealership such as AutoMax is an experience unlike many other dealerships. Instead of taking out a car loan through a third party company such as a bank or another finance company, car buyers can simply make their car payments directly to the dealership through in-house financing. So how do I make car payments to a Buy Here Pay Here dealership? 

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Differences Between Buy Here Pay Here, We Finance and On the Lot Financing

Learn How to Find the Right Car Dealership for you

Differences Between Buy Here Pay Here, We Finance and On the Lot Financing

Car dealerships across the country always try to entice drivers by making  car buying a simple and streamlined process. Dealerships will also promote their business by offering financing options. Since car shoppers might not understand which financing options work best for them, learn about the differences between Buy Here Pay Here, We Finance and On the Lot Financing and what they mean here.

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