What Are In-house Financing Dealerships?

What Are In-house Financing Dealerships?

A “buy-here-pay-here” dealer, also known as an “in-house financing” dealer, offers finance directly to prospective auto buyers. Since these dealerships finance vehicle purchases themselves, they do not need to obtain approval from banks or another lender to approve your loan. Pay-here and Buy-here dealers set their requirements for loan approval.