No Previous Auto Loan
Never financed a vehicle before? You can still apply. Each financing source has its own requirements for first-time buyers.
First-Time Car Buyers Near Archdale, NC
Buying your first car, truck or SUV? Peters Auto Mall helps first-time buyers from Archdale shop used vehicles for sale and explore bank and credit union financing options. Start shopping or apply online before visiting either High Point location.
Shop Used Vehicles for Sale by Make Near Archdale
Shopping for your first car, truck or SUV? Compare our current selection of used vehicles for sale at Peters Auto Mall. The following are makes shoppers may consider, not a claim that every brand is available today.
Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, Genesis, GMC, Honda, Hyundai, INFINITI, Jaguar, Jeep, Kia, Land Rover, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Ram, Subaru, Tesla, Toyota, Volkswagen, Volvo
Our selection changes often. Use the current inventory to check available makes, prices and individual vehicles.
Shop All Available InventoryFirst-Time Car Shopping Near Archdale, NC
For Archdale shoppers, the Peters Auto Mall dealership on South Main Street in High Point is approximately five minutes away. Shop online first, compare used vehicles, and explore financing before visiting. We also welcome first-time buyers from nearby Trinity, Thomasville, Randleman and throughout Randolph and Davidson counties.
ArchdaleAbout 5 minutes to Peters Auto Mall South Main
TrinityAbout 8 minutes to Peters Auto Mall South Main
ThomasvilleAbout 14 minutes to Peters Auto Mall South Main
RandlemanAbout 22 minutes to Peters Auto Mall South Main
Driving times are approximate and vary with traffic and your starting point. Both Peters locations are in High Point, not Archdale.
Getting Started With Your First Auto Loan
You do not need previous auto-loan experience to submit an application. Peters Auto Mall works with multiple financing sources that may review a first-time buyer's complete financial situation.
Income and Employment
Financing sources may review your income and employment information to evaluate your ability to manage a vehicle payment.
Down Payment Options
Down payment requirements vary depending on the vehicle, financing source and application. There is no universal amount for every first-time buyer.
Banks and Credit Unions
Peters Auto Mall works with more than 30 lending sources, including banks and credit unions. Our lending volume and relationships can help qualified buyers explore competitive financing options. Available rates and terms depend on the application, vehicle and lender.
Identification and Documents
Depending on the financing source, you may need identification, proof of residence, proof of income or other documentation. Ask our team about requirements, including applications using an ITIN.
Choosing Your First Vehicle
Compare price, condition, insurance costs, fuel economy, and financing terms. Choose a vehicle that suits your everyday needs.
Financing approval is not guaranteed. Rates, down payments, loan terms and vehicle eligibility depend on the individual application and financing-source requirements.
Your Next Steps as a First-Time Buyer
You can begin from Archdale before making the trip to High Point. Review financing information, start online and explore the vehicles available today.
First-Time Car Buyer Questions
Can I apply without any previous auto loans?
Yes. Peters Auto Mall works with first-time buyers who have never financed a vehicle. Approval depends on the application and financing requirements.
Is having no credit the same as bad credit?
No. A limited or nonexistent credit history is different from having past credit problems. Financing options depend on your complete application.
Will I need a co-buyer?
Not automatically. Requirements depend on the financing source and your individual application. A co-buyer may be an option in some situations.
How much money down will I need?
There is no single down-payment requirement for all first-time buyers. The amount varies with your application, selected vehicle and financing option.
Can I apply using an ITIN?
Peters Auto Mall works with customers who use an Individual Taxpayer Identification Number. Program eligibility and documentation requirements depend on the financing source. Contact our team to discuss the application process.
Can I begin online from Archdale?
Yes. You can start with online pre-approval , complete a credit application, and browse current inventory before visiting High Point.
What if I already have a vehicle to trade?
Peters Auto Mall accepts trade-ins, including vehicles with an existing loan payoff. Your trade can be evaluated as part of the purchase process.
Is financing guaranteed for first-time buyers?
No. Approval and loan terms depend on your application, the vehicle and applicable financing-source requirements.
Serving First-Time Buyers From Archdale, NC
Peters Auto Mall South Main, at 2857 S Main St in High Point, is approximately 5 minutes from Archdale. Our North High Point location also offers used vehicles. Confirm which dealership has the vehicle you want before traveling, and use the store-specific directions buttons below.
Buying Your First Vehicle? Let's Get Started.
You do not have to figure out every part of vehicle financing on your own. Whether you have questions about buying your first car, getting pre-approved or choosing a vehicle, our team can help you understand the next steps.
Questions? Call Now.