Cars Near Me in North Carolina – Easy Financing for Every Buyer
Shopping for used cars doesn’t have to be frustrating. If you’re searching for cars near me in North Carolina, we have a huge selection. Even better, we have financing options for everyone. No matter what your credit score, we can help you find your next car. Car shopping should be easy – and it can be at Peters Auto Mall!
How Does Your Credit Score Affect the Car-Buying Experience?
Your credit score is one the factors our finance center team will review if you want to buy a used car. Credit scores are affected by activities such as paying your bills on time. However, even with a low credit score, we can help you buy a car. We know that past financial mistakes don’t define your current situation. Therefore, our finance team will also look at other factors such as your income to help you get approval.
They work with a wide variety of lenders. Some lenders do require a higher credit score. Others will work with a lower score. Typically, the higher your credit score, the less you’ll pay in interest. This article from Experian has great tips about improving your credit score.
Keep in mind that your score could be low even if you have been financially responsible. Some people simply have a lower score because they don’t have much of a credit history. This could be in the case if you don’t have any credit cards or haven’t had a loan in the past. So, you don’t have to be embarrassed by a low credit score. We’ll work with you so you can shop for used cars without worry.
How You Can Afford Cars Near Me
Regardless of your credit score, you’ll need two things to buy your next car:
- Proof of income to show you can make your monthly payments
- A down payment
When you bring in proof of income, remember to think about all the ways you make money. For example, you’ll want to bring in your pay stub. You’ll also want to bring in any proof of income from other sources. Do you rent out a room on AirBnB? That’s income! Do you drive for Uber? That’s income! Do you receive tips? That’s income! If you report it on your taxes, we can use it to help you get a bigger loan.
Of course, you will also want a down payment. You put this money toward the price of the vehicle upfront so you’ll need a lower amount for the loan. A down payment makes purchases less risky to a lender. Many lenders require you to pay a certain amount upfront in order to get the loan. In general, the bigger the down payment, the better for you.
For your down payment, you can also use a trade-in. When you trade in your car with Peters Auto Mall, we’ll give you a fair quote based on the actual value. You have an entire week to consider our offer, which gives you plenty of time to shop around. When you trade in your current car, you’ll have more money for the down payment. You’ll be able to quality for higher-priced used cars or have a lower monthly payment.
Are You Confused about Financing? We Can Help!
We don’t want a single Peters Auto Mall customer to feel confused about their financing options. Our team’s mission is to help you find great vehicle at an affordable price. Then, we’ll help you find an auto loan that makes sense for your situation.
If you have questions, we’re happy to answer them; no strings attached. When you’re test driving cars near me in the Triad, you should know exactly how much you can afford. Take the guesswork out of your next vehicle purchase. Start now by filling out the pre-approval form online. Or, feel free to contact us with any questions. Our phone numbers are 336-434-1600 in High Point or 336-434-1610 in Greensboro.