In-house financing dealerships also provide credit facilities to buyers with a view of providing full terms of payment without having to look for a financier. In these dealership transactions, the dealer both sells the vehicles and provides the funding and as a result, the two arrive at quite various payment methods. It is mainly beneficial to the individuals with a poor or no credit history since to get a loan under this plan is easy. But the cost of these financial products are sometimes slightly higher though relatively cheaper as compared to the traditional sources of funding. The process is however eased and the buyers are often in a position to do all that is expected from them by the dealers.


Source: https://accountingbyte.com/in-house-financing-dealerships/