First-Time Car Buyer in High Point, NC
Buying your first vehicle is a big step, but you do not have to figure it out alone. Peters Auto Mall works with first-time buyers and customers with little or no established auto-loan history right here in High Point.
Your First Car Loan Does Not Have to Be Complicated
If you have never financed a vehicle before, you may not know where to begin. That is okay.
Peters Auto Mall works with multiple financing sources and also offers Buy Here Pay Here options. Our goal is to help you understand the process, explore available options and find a vehicle that makes sense for your needs and budget.
You can begin the process even if you have never financed a vehicle before.
We work with multiple outside financing sources rather than limiting every customer to one option.
Peters Auto Mall also offers Buy Here Pay Here options.
Start online with basic information when you want a quick first step into the financing process.
Complete the full application when you are ready for a more complete financing review.
Peters Auto Mall does not charge a dealer documentation fee.
A Simple Way to Get Started
You do not have to handle everything at once. Take it one step at a time.
Give us some basic information and begin exploring the financing side of the process.
Look at vehicles that fit your transportation needs and the budget you want to stay within.
When you are ready, provide the complete information needed for a financing review.
Our team can help explain what comes next and any additional information that may be needed.
What Can Matter on a First-Time Buyer Application?
Your previous auto-loan history is only one part of the picture. Other parts of your current situation can matter too.
Current income and employment information can be important parts of the financing review.
Accurate current residence information helps complete the application.
The vehicle you choose and the financing arrangement need to make sense together.
A down payment can sometimes affect the available options, but there is not one amount that applies to every buyer.
If you already own a vehicle, its value may be part of your next transaction.
A co-buyer is not automatically required just because this is your first auto loan.
Shop Vehicles That Fit Your Life
Your first financed vehicle does not need to be a certain kind of car. Start with what you actually need for work, school, family or everyday transportation.
Don't See the Right Vehicle Online?
Peters Auto Mall often has additional vehicles moving through inspection, service and detailing before they appear on the website.
The vehicle you need may already be moving through our get-ready process.
Ask About Incoming Vehicles - 336-781-2892No Credit Is Not the Same as Bad Credit
If your main concern is that you have little or no established auto-credit history, that is different from rebuilding after previous credit problems.
If repossessions, bankruptcy, collections, charge-offs, student loan payment problems or other past credit challenges are the bigger issue, visit our dedicated High Point credit-financing page.
Financing With Credit ChallengesShopping on a First-Car Budget?
If purchase price is one of your biggest concerns, compare our current lower-priced inventory too.
Have a Vehicle to Trade or Sell?
Some first-time finance customers already own a vehicle. Whether you want to trade it toward your purchase or simply sell it to Peters Auto Mall, we can evaluate it.
Your current vehicle can be evaluated as part of your next purchase.
We can verify the lender payoff and handle the payoff and title process as part of the transaction.
No paying to advertise or promote your vehicle yourself.
Skip unanswered messages, lowball offers and buyers who never show up.
You do not have to arrange private meetings or test drives with unfamiliar buyers.
You can sell your vehicle directly to Peters Auto Mall without purchasing another vehicle from us.
What Information Might You Need?
Documentation requirements depend on the financing source and individual transaction. You may be asked for information related to identification, residence, employment, income or other application details.
Peters Auto Mall also works with customers in different identification situations, including buyers who use an ITIN.
Questions? Call 336-781-2892First-Time Buyer Questions
Yes. First-time buyers are welcome at Peters Auto Mall. You can start the process even if you have never had an auto loan before.
No credit does not mean there is nothing to work with. Peters Auto Mall works with customers who have little or no established credit history.
No. A co-buyer is not automatically required simply because you have never financed a vehicle before. Your overall application helps determine the available options.
There is not one down-payment amount that applies to every first-time buyer. The amount can depend on the application, selected vehicle and financing option.
You can start either way, but pre-approval can help you understand the financing side before spending too much time looking at vehicles that may not fit your overall situation.
Yes. Peters Auto Mall works with customers who use an ITIN. Documentation and financing requirements depend on the individual transaction and financing source.
Talk to us before you give up. Peters Auto Mall works with multiple financing sources and offers Buy Here Pay Here options, giving our team more than one path to explore for different customer situations. Approval is not guaranteed and depends on the individual application and financing requirements.
Yes. You can start with online pre-approval, browse current inventory, value your trade and complete a full credit application before visiting either Peters Auto Mall location.
Why Peters Auto Mall?
Peters Auto Mall has served High Point and the surrounding Triad since 1993. First-time buyers can explore multiple financing sources, Buy Here Pay Here options, frequently changing used inventory and trade-in options with a $0 dealer doc fee.
Peters Auto Mall does not charge a dealer documentation fee.
Vehicles move through our service, detailing and get-ready process, with the required North Carolina State Inspection completed as applicable.
Qualifying vehicles include a 30-day / 1,000-mile limited powertrain warranty.
We work with multiple outside financing sources plus Buy Here Pay Here options.
Never having financed a vehicle before does not prevent you from starting the process.
Your current vehicle can be evaluated whether it is paid off or still has an existing payoff.
First-Time Buyer Help in High Point
Start online, then choose the Peters Auto Mall location that is most convenient for you. Inventory may be located at either store, so call about a specific vehicle before visiting.