As you search for a used car, you may wonder which of the many Miami “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 Miami 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, Miami dealers with tote the note financing often highly inflate vehicle prices beyond fair market value.
While Miami dealers with tote the note financing offer financing opportunities to those with bad credit, it often comes at the expense of high interest rates and low quality vehicles. At DriveTime, we do not associate as an Miami tote the note dealer, and we also offer flexible financing and several payment options.
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 Miami dealers advertising “tote the note” financing. While Miami 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.