As you search for a used car, you may wonder which of the many Memphis “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.
One common problem with Memphis 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, Memphis dealers with tote the note financing often highly inflate vehicle prices beyond fair market value.
As you consider obtaining tote the note financing in Memphis, beware of the lack of payment options you may receive at one of these dealerships. Due to their “buy here, pay here” ethos, Memphis 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!
Considering applying for tote the note financing in Memphis? Experience the refreshing difference DriveTime has to offer. We multi-point inspect* every vehicle pre-purchase that we sell and back them up with a 30-day/1,500 mile limited warranty and 5-day no-hassle return policy. Our financing options rival Memphis tote the note dealers with easy and affordable payment arrangements. Before you know it, you’ll be driving home in the car of your dreams and building upon your 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.