In House Financing vs Traditional Auto Financing

If you're in the market to buy a used car, truck, van or SUV in Houston, Texas and don't have cash you're probably going to need auto financing. Two ways of car financing are getting an auto loan through a traditional bank or utilizing in-house financing. What's the difference you ask?

Traditional auto financing is usually done through your bank or the dealerships choice of banks. Often they have stricter credit requirements, need bank statements, job history and a decent FICO score. It's possible to get better rates depending on your credit score.

In house financing is provided by the dealership without using a bank or credit union. Basically the pre-owned car dealership is the bank and can provide payment terms that fit your budget based on the used vehicle you are purchasing. If you have bad credit or just beginning to build credit, in-house auto financing can be a great way to build up your credit with on time payments.

At Carnes Motor Company Inc in South Houston Texas we specialize in selling used vehicles and provide in house financing. We are proud to serve areas in South Texas including Galveston, Houston, Pearland, Friendswood, Pasadena, Baytown, League City, Conroe, Galena Park, Cloverleaf, Jacinto City, Deer Park and Galena Park, TX. Call or Text 713-944-1170 to learn more about in house financing.