As you search for a used car, you may wonder which of the many Kansas City “tote the note” dealers is right for you. Although they go by many terms, “tote the note” businesses all offer customers with poor or no credit – or those without adequate employment – car loans without the credit or income checks traditional car dealerships impose. These companies show up most often in less fortunate neighborhoods, as this is the demographic they serve.
Kansas City dealers with “tote the note” financing often stock cars whose quality does not match with their pricing. The vehicles frequently show signs of hard and prolonged usage, including excessive mileage, worn-out components, and damage from previous accidents. Customers who purchase cars from Kansas City tote the note dealers may find themselves in unfortunate situations where their used cars wear out before they finish making payments.
One of the major drawbacks to Kansas City dealers with tote the note financing is a serious lack of flexibility. While they do offer easy financing to those with bad credit, they are usually accompanied by shady terms. That’s because they may be skating around financing regulations set by the government to protect you, the consumer. At DriveTime, we are not a Kansas City tote the note dealer, meaning we will work within the laws to get you into a car with fair financing.
While we love what Kansas City tote the note dealers do for those with bad credit history, it’s worth noting that DriveTime may be a better option. While we do not offer tote the note financing in Kansas City, we do offer easy approvals, flexible payment options, a good selection of cars and trucks, 30-day/1,500 mile limited warranty, and friendly return policies. These are all options you won’t often find when searching for tote the note financing.
* 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.