Traditional VS In House Financing In Tacoma, Puyallup WA

Car buying can be a stressful process, especially if you have bad credit. But in Tacoma and Puyallup, WA, car buyers now have an option that can save them thousands of dollars.

In-House Financing programs offer 0% interest loans, low down payments, and no credit check required.

We’re here to compare traditional financing with in-house financing to help you decide which type is best for your needs.

Comparing financing options can be overwhelming – let’s help you understand the pros and cons of traditional financing in Tacoma and Puyallup.

Traditional financing is a type of loan provided by an outside lender or bank, rather than an in-house program like the one offered at our dealership. This type of financing typically has higher requirements when it comes to qualifications and usually involves credit checks as well as interest rates that are higher than 0%.

Here are the pros and cons of traditional financing:

1. Traditional financing is that many lenders are willing to work with those who have low credit scores or no established credit history. Many will also provide competitive rates compared to those offered by in-house programs, although they may not always be lower. Additionally, there may be more flexibility in terms when it comes to repayment plans or other features such as adding additional drivers or co-signers.
2. The main con for traditional financing is that the requirements for qualification are typically stricter than those for in-house programs. This includes credit score minimums and down payment amounts that may be difficult to meet depending on your particular financial situation. Interest rates tend to be higher too, so if you don’t qualify for a competitive rate then this could end up costing you more money over time if you decide to go with this option instead of an in-house program like ours which offers 0% interest loans.

You may want to consider an in-house financing program that offers incredible terms, great savings, and no credit checks – it’s a hassle-free way to get the reliable transportation you need.

In-house financing is often much cheaper than traditional financing options, with interest rates as low as 0%. Requirements are generally minimal; applicants must be at least 18 years old with proof of income. Eligibility can usually be determined within minutes of submitting your application.

Payment plans are designed to fit any budget and can be paid off in less than one year with every payment going towards the balance. In comparison to traditional financing options such as banks or lenders, in-house financing typically requires no credit check. This is ideal for those who have bad or no credit and may not qualify for other forms of loans.

Additionally, there is no pressure sales tactics associated with in-house financing, so customers can feel comfortable making their own decisions about which vehicle they would like to purchase without feeling rushed or manipulated into buying something they don’t really need or want.

When deciding whether or not in-house financing is right for you, it’s important to weigh the pros and cons carefully. While there are many advantages such as lower interest rates and minimal requirements, there may also be added fees such as a documentary service fee up to $200 that could end up being capitalized into the cost of the loan itself.

It’s also important to note that outside lender or bank financing may require a soft pull or eventual credit check even if an applicant has been approved for in-house financing by their chosen provider. Ultimately though, choosing an in-house finance program can save thousands compared to average car dealerships offering traditional financial options and give you access to affordable reliable transportation on your own terms – all without having to worry about pushy sales tactics!

At Tacoma Auto Exchange, we believe our customers deserve the best when it comes to financing their vehicles. That’s why we offer a 0% interest loan through our In-House Financing Program that’s designed for good people with bad or no credit – giving them an affordable and reliable way to get the transportation they need.

Here are four key advantages of using our in-house financing program:

1. Savings: Our program offers savings up to thousands compared to the average in-house financing car dealers who charge 20.9%-29% interest rate on loans.
2. Reliability: We provide reliable transportation with incredible terms at a low down payment plan starting from as low as $700 without any pushy sales tactics. Our program and terms sell themselves!

3. Convenience: There’s no credit check required for this type of loan, but outside lender or bank financing may require one. However, you can pay off your vehicle in less than one year with every payment going towards your balance – making it convenient and hassle-free!
4. Testimonials: Our satisfied customers have attested that by using our In-House Financing Program, they were able to purchase their desired vehicle at ¼ of the price that traditional car dealers charged them for similar cars with similar terms – which proves how advantageous this program is!

So, if you’re looking for reliable transportation at an affordable cost without having to worry about submitting tedious paperwork or dealing with pushy salespeople, then explore Tacoma Auto Exchange’s In-House Financing Program. With us, you can be sure that you’ll get exactly what you want at prices that won’t break your bank account – something everyone should take advantage of. 

Take the stress out of financing your new ride and experience Tacoma Auto Exchange’s incredible In-House program and requirements to qualify.

No matter what kind of payment plan fits your budget best – whether it’s our low down payment plans starting at $700 or our full pay option where you can pay off your vehicle in less than 1 year – Tacoma Auto Exchange has got you covered!

Experience the difference today by visiting our physical location or calling us up for current inventory information.