What is In-House Financing?

You have found the vehicle of your dreams at BMW of Escondido near San Diego. Now it’s time to choose your vehicle financing. You have a couple of options when it comes to buying the car of your choice. You can buy it outright, lease it, or finance it. Financing and leasing are the two most popular options, so if leasing is not ideal for your financial situation or driving needs, you may be considering an auto loan. If you want to buy your car with an automotive loan, you need to know the basics of in-house financing.

What Does In-House Financing Mean?

When you choose in-house car dealer financing, it means that your loan comes from the dealership itself instead of a bank or credit union. So, how does in-house car financing work? A third-party financial lender is not needed, so you work alongside the dealership to secure an interest rate and loan term that is ideal for your budget and your driving needs.

Benefits of In-House Financing

  • Easier Qualification: If your credit is less than ideal or you have yet to establish credit, in-house financing may provide more flexibility for loan approval. This could mean a higher interest rate or monthly payments, but the chance of approval is much higher.
  • Smoother Process: Because you’re working directly with the dealership, you don’t have to go back and forth trying to get pre-approved by an outside lender. This makes the loan process significantly quicker, so you can get approved and drive home to Poway in the car you love.
  • Improve Credit: When you opt for in-house financing, secure a loan, and make your monthly payments on time, it can actually begin to boost your credit score. That means that the next time you’re ready to buy a car, you’ll be in a better position for an approval. It also means that your rates and monthly payments will be lower.

Contact Us with Additional Questions About In-House Financing

If you’d like to learn more about in-house financing or car financing in general, or if you want to take advantage of the benefits that the financial options offers, contact us online or visit our finance department in Escondido. We would be glad to answer any questions that you may have.

"WARNING*: Operating, servicing and maintaining a passenger vehicle or off-road vehicle can expose you to chemicals including engine exhaust, carbon monoxide, phthalates, and lead, which are known to the State of California to cause cancer and birth defects or other reproductive harm. To minimize exposure, avoid breathing exhaust, do not idle the engine except as necessary, service your vehicle in a well-ventilated area and wear gloves or wash your hands frequently when servicing your vehicle. For more information go to http://www.P65Warnings.ca.gov/passenger-vehicle.
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BMW of Escondido

1557 Auto Park Way Escondido, CA

Phone: (760) 745-3000



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1557 Auto Park Way Escondido, CA


Phone: (760) 745-3000

1557 Auto Park Way Escondido, CA


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1557 Auto Park Way Escondido, CA

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