In-House Financing Car Dealership Phoenix, AZ

In House Financing Car Dealership

If you are searching for “in-house financing car dealership near me” in Phoenix, In-Power Motors 3, LLC can help! In Power Motors 3, LLC is the #1 used car dealership with in-house financing in the Phoenix Metropolitan area.

Buyers with bad credit or no credit won’t be able to get approved for a bank loan or traditional auto financing. In-house financing allows buyers with bad credit to still get approved for auto financing through the car dealership. In-house auto financing makes it possible for anyone to get an auto loan as long as they can prove they have enough monthly income.

The car you buy at an in-house financing car dealership will most likely be a used car with high mileage and a high-interest rate.

What is an In-House Financing Car Dealership?

In House Financing Car Lots

An in-house financing car dealership is a car dealership that offers car financing to buyers in house. Meaning the dealership that sells you the car is also where you make your payments. In house financing car dealerships are also known as buy here pay here dealerships. In-house financing car dealerships don’t need approval from a lender or band to offer you a car loan. In-house financing dealerships set their own financing requirements.

According to Investopedia, “In-house financing is financing in which a firm extends customers a loan, allowing them to purchase its goods or services. In-house financing eliminates the firm’s reliance on the financial sector for providing the customer with funds to complete a transaction.”

According to CreditKarma, “In-house financing dealerships — often called “buy-here, pay-here” car dealerships — allow you to buy and finance a used car in one place. These dealerships could be your best bet for getting a car loan if traditional auto lenders are turning you down.”

Pros and Cons of In-House Financing Dealerships

Pros of In-house Financing Dealerships

The pros of in-house financing car dealerships include:

  • Don’t Need Credit. In-house financing car dealerships will sell a car to buyers with no credit or bad credit. This means you can buy a vehicle no matter what your credit score is.
  • Low Down Payment. Most dealerships offer $500 down (O.A.C. – On Approved Credit) used cars, which means you can drive away today for as little as a $500 down payment (O.A.C.).
  • Make Payments Easily. It makes it easier when you can make payments to the dealership where you bought your vehicle. The process is simpler.
  • Anyone Can Get Approved. Anyone can get approved for in-house financing as long as you make enough income to prove you can make payments.

Cons of In-House Financing Dealerships

The cons of in-house financing car dealerships include:

Interest Rates Are High. When offering loans to people with bad credit, there is usually risk involved. Because of this risk, buy here pay here dealerships have high interest rates to make sure they see a return and cover their risk.

Upside Down on Value. Usually, car dealerships that offer in-house financing will charge so much for the vehicle that the amount you will have to pay is actually more than the car is worth. However, even with a traditional bank loan, as soon as you drive off the lot, the value of your vehicle drops.

Won’t Increase Credit Score. In most cases buying a vehicle at a buy here pay here car dealership won’t affect your credit score because they don’t report the credit bureau.

GPS Installed in The Car. In-house financing car dealerships will usually install a GPS tracking device to be sure they know where their car is at all times. If you stop making payments, they will track down your car and repossess it.

How to Find In-House Car Dealerships & Car Lots Near Me

There are many ways to find buy here pay here dealerships in your local area. If you’re looking for buy here pay here car lots, Trust In Power Motors 5 for all of your Used Car needs. Options for finding buy here pay here car lots include:

  1. Ask Friend and Family for Referrals to In-House Car Dealers

Your friends or family may have used a good in-house car dealer in the past. Try asking around to see if they know of an affordable dealership that can help.

  1. Use Search Engines Like to Find In-House Car Dealerships

Use to search for “car dealerships with in-house financing near me” and look at the maps listings to find the best buy here pay here dealerships.

  1. Use Online Directories to Find Used Car Lots with In-House Financing

Online directories like Yelp provide lists of the best in-house financing car dealerships near you. Looking for the highest-rated In-house financing car dealerships? You will surely find them on this helpful website.

See Also

Find In-House Financing Car Dealerships in Phoenix, AZ

If you would like to find an in-house financing car dealership in Phoenix that knows how to take care of their customers, please visit We have a huge list of 500 down (O.A.C. – On Approved Credit) used cars for sale. Find used cars under $5,000 in Phoenix at each of our dealership locations:

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