Do In-House Finance Car Dealers Offer Better Deals?

Have you been Googling “used cars in-house financing near me” in hopes of getting a better interest rate on your car loan? There can be advantages to doing business with in-house financing car lots. Our finance department wants to help our Valencia customer make informed decisions, so we talk below about the advantages of in-house financing of cars. But let’s start by explaining what in-house financing is. 

What is In-House Financing for Cars?

So, what’s the difference between in-house financing for used cars and financing with other kinds of car dealers? In-house financing car lots will directly finance your loans themselves instead of having to work through other lenders. This makes it easier for the dealership to help customers with less-than-ideal credit. Some Santa Clarita drivers have found this kind of flexibility on the part of these dealerships.

What are the Benefits of In-House Financing for Cars?

If you’ve been conducting a lot of “used cars in-house financing near me” web searches, you may already be convinced there are advantages to doing business with in-house financing car lots. Here are just a few:

• In-house financing provides an easier, quicker approval process.
• In-house financing of cars is usually more flexible as far as credit score and qualifications.
• It’s much easier to budget when you can go over insurance options and extended warranties at the same time that you apply for a loan.

What are the Cons of In-House Financing for Cars?

Dealerships that only in-house financing exclusively are limited in what rates they can offer. ON the other hand, dealerships that work with multiple lenders can leverage those partnerships to negotiate the best rates for their customers. Savvy Valencia drivers often find it advantageous to work with dealerships that offer a mix of in-house financing and financing through other lenders.

Let the Finance Department at Hello Kia of Valencia Walk You Through Your Options

You can stop the “used cars in house financing near me” Google searches. Our finance department can fully explain your options and help you get the best rate on your auto loan. We’ll also work to get you the best offer on your trade-in. And, if you’d like to learn more, check out our other car buying tips. We’re just a short drive away from San Fernando, so drop by or contact us today!