People with bad credit often visit Tulsa Car Marts on E. 11th Street, or S. Memorial Drive to buy a car because many of these Tulsa car marts have in-house auto financing for bad credit. Many of these people, however, may qualify for through a national auto finance company.
Budget Car marts in Tulsa do an excellent job extending credit to those who are unable to get approved for a car loan through traditional lending sources. But there are pluses and minuses to buying a car from a car mart in Tulsa with in house financing.
The Upside
Many family auto marts have guaranteed auto financing with no credit check, they will extend a line of credit to nearly anyone to buy a car.
Since most people won’t pay for a car that not running, most Tulsa car lots ensure the vehicle is in good repair before they decide to approve financing for it.
The Downside
Most Tulsa car mart with in house financing require weekly or bi-weekly payments, whereas national auto finance companies require monthly payments. That means that each week you have to drive to S Yale Ave, or E 46th Pl to make your payments.
Most car marts will place a GPS tracking device on the vehicle which can also disable the vehicle if the payments are not made in a timely manner.
Typically more cash money down in needed to buy a car with in-house auto financing.
Since many car marts have no credit check auto financing, most do not report your payment history to the credit reporting agencies, making it harder to improve your credit score.
Conclusion
Tulsa car mart with in-house financing provide a great service to the citizens of Tulsa, they approve auto loans to people with bad credit that national auto finance companies do not. If, however, you qualify for, and accept a loan through a nationwide lender, it will help you rebuild your credit rating. When you apply for instant auto credit with BadCreditAutoMart.com we will match you with a local Tulsa car lot that has a nationwide lender or in-house financing program to fit your specific credit situation.