Individuals who have had credit problems – or who have not yet established credit – may consider Indianapolis dealers with “tote the note” financing for their next car purchase. These establishments often advertise themselves as “Buy Here, Pay Here” dealerships, where customers can make payments directly to the seller. Often, “tote the note” dealers set up in low-income neighborhoods where people are most likely to have credit or income difficulties, as these consumers are prime “tote the note” customers.
One common problem with Indianapolis tote the note dealers is the quality (or lack thereof) of the vehicles they stock. Often, these cars carry high mileage and suffer from significant maintenance and repair issues. They may have been reconstructed after severe accidents and present alignment or other structural issues. However, Indianapolis dealers with tote the note financing often highly inflate vehicle prices beyond fair market value.
As you consider obtaining tote the note financing in Indianapolis, beware of the lack of payment options you may receive at one of these dealerships. Due to their “buy here, pay here” ethos, Indianapolis tote the note dealers usually do not work with any outside financing companies with several payment options but rather force customers to repay their loan in person. At DriveTime, however, we care about your success and understand your busy schedule. Our payment options include autopay, call in payments, online payments, and pay in person at any Walmart!
If you want flexible payment options, a 5-day return policy, optional vehicle protection plan for up to 5 year/50,000 miles, a selection of vehicles, and friendly staff, you may want to look past Indianapolis dealers advertising “tote the note” financing. While Indianapolis tote the note dealers may offer vehicles to those with bad credit history, it often comes at a huge price. At DriveTime, we offer all of the above benefits with every sale, regardless of credit history.
* DriveTime is not able to make safety recall repairs, so vehicles may be subject to open recalls. Visit http://www.safercar.gov/ for more information about recalls.