Self Financing Car Dealerships

  1. Latest Auto Loan Articles
  2. Self Financing Car Dealerships
It doesn't even need to be said that banks are self financing. When you get a loan through them they will have the funds available to lend out the money to you. What you do not hear about often though will be car dealerships that will be self financing. Loans through dealerships are completely different than banks for a few reasons. The biggest ones are you are directly at the source of the item you are purchasing and most dealerships do not have the kinds of funds that banks do because people do not come there for the sole purpose of dropping off money like they do at banks. They do exist though and while it may sound amazing and that you are killing two birds with one stone there are some cautions that you should take.

The Reality of It

What many people do not realize about self financing car lots is that they usually go under another name and that is buy here pay here. Does that sound more familiar? The sound of buy here pay here is going to intimidate a lot of people because those who have heard about it think that it is going to be some sort of scam, but that's not the case. A lot of people have success with these dealers because they help those who can not get approved for a car loan anywhere else. So if you have bad credit, a bankruptcy, or any other major credit problem you will still be able to get approved. The reason that this is possible is because there is no credit check involved.

While initially that sounds amazing and it truly is a major help when necessary, except it will not allow you to improve your credit score. If you are coming to a dealership that does financing on the lot then you will need to improve your credit score, but unfortunately they can not help you with that. If you need a vehicle though this will get the job done and you have to do what you have to do.


If you want to improve your credit score and get approved for a loan at a dealership though there is help. Here at we specialize in helping people find the financing that they need regardless of their past credit. We have a network of lenders and dealers across the country so it doesn't matter where you live we will be able to help you out. One application right here with Funding Way and we will get you in a vehicle. Best of all your payments will be sent to the credit bureau which means that once everything is all said and done you will have an improved credit score. What are you waiting for? Self financing dealers can help, but not as much as us.

Car Loan Auto Financing Online

Do you meet the basic qualifications?

  • At least 1 year with current employer
  • A minimum income of $1,500 per month
  • No repossesions within the last year
  • Any bankruptcies must be discharged
  • Money down may be required, but not in all cases
  • Must be a current resident of the U.S. or Canada