What Are In-House Financing Car Dealers?

In short, in-house finance car dealers provide financing in which you’ll make payments directly to them, rather than to a bank or third-party. While you’ll still need to get approved for financing by a lender, financing in-house means you stand a better chance of being pre-approved. Read on to find out about in-house financing cars below, and then explore the Wilde Lexus Sarasota finance center just outside of Lakewood Ranch!

The Benefits of In-House Financing Car Lots

The most obvious benefit of in-house financing car dealers is making it quicker and easier to enjoy your new vehicle without going to a new location. However, the other advantages also stack up quickly: 

• Extended warranties
• Easier pre-approval
• Higher credit score
• Flexible interest rates

For those drivers near Venice and beyond who want customizable interest rates or who want to build credit, making the move to apply for in-house financing may be the best option. After you submit your financing application, you’ll only be a couple steps away from those beautiful drives outside of %%targer_city_3%%.

What to Look Out For When Applying

Here at Wilde Lexus Sarasota, we want to make sure you know exactly what you’re getting, without tricks or gimmicks. As you shop around the St. Petersburg area for a new vehicle, be alert to anything that feels a little off when it comes to financing, for instance:

• Look out for the difference between “Approved” and “Approval”—if the manufacturer approves the dealer, they are approved and have higher standards for quality. A dealership that hasn’t been approved might not have the same standards.
• A scam is likely if they allow you to leave the lot before agreeing on terms.
• Credit bureaus help lenders understand their clients needs, but if your car dealer doesn’t directly report to one, they probably don’t have your best interests at heart.
• If you get a call saying your financing plan fell through, or you need to provide more money, or they tell you your interest rate has increased without prior discussion.

Finance Your Vehicle at Wilde Lexus Sarasota

If you’re looking for a smooth pre-approval process with plenty of options uniquely tailored to fit your budget and vehicle, our team in Sarasota have your back. Take advantage of our new andpre-owned specials, along with financing options that make them even more affordable. Don’t hesitate to contact us for any part of the financing process!