For those of you with bad credit history, shopping for a car or truck is difficult. While you may find a vehicle that fits your budget, it can be difficult to convince a dealership of your financial responsibility. At Montgomery tote the note dealers, bad credit history often doesn’t matter. How does it work? Montgomery dealers that “tote the note” are offering in-house financing, as opposed to using third party lending institutions.
One common problem with Montgomery 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, Montgomery dealers with tote the note financing often highly inflate vehicle prices beyond fair market value.
One of the major drawbacks to Montgomery 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 Montgomery tote the note dealer, meaning we will work within the laws to get you into a car with fair financing.
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 Montgomery dealers advertising “tote the note” financing. While Montgomery 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.