No Previous Auto Loan
First-time buyers can apply even without an established auto-loan history. Financing sources review the application according to their individual requirements.
First-Time Car Buyers Near Greensboro, NC
Buying your first used car, truck or SUV? Browse vehicles for sale before exploring first-time buyer financing with Peters Auto Mall. We welcome Greensboro shoppers with no previous auto-loan history and offer financing options through banks and credit unions.
Shop Used Vehicles for Sale by Make Near Greensboro
Looking for a specific manufacturer? Explore used cars, trucks, SUVs and vans from a wide range of makes. Availability changes frequently, so check our live inventory to see what is currently for sale.
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
Not seeing the make you want? Our selection changes as vehicles arrive and are prepared for sale.
Shop All Available InventoryFirst-Time Car Shopping Near Greensboro, NC
Whether you are buying your first vehicle for commuting, school, work or family needs, shop used cars, trucks, SUVs and vans online before visiting either Peters Auto Mall dealership in High Point. Our team helps Greensboro-area first-time shoppers explore bank and credit union financing options.
Convenient for Greensboro-Area Shoppers
Here are approximate drive times from familiar local areas to a Peters Auto Mall dealership. Times vary with traffic, starting point and route.
Downtown GreensboroAbout 20 minutes to South Main
West GreensboroAbout 20 minutes to North High Point
JamestownAbout 14 minutes to South Main
Pleasant GardenAbout 23 minutes to South Main
We also welcome buyers from Summerfield, Oak Ridge, Stokesdale, McLeansville, Sedalia, Whitsett, Gibsonville, Brown Summit and nearby Triad communities. For shoppers coming from Winston-Salem or Kernersville, North High Point is approximately 18 minutes away; Wallburg is approximately 12 minutes away. For shoppers approaching from Thomasville, South Main is approximately 14 minutes away. These are general estimates, not live traffic forecasts.
From your first vehicle to your next family SUV or work truck, start with our current inventory and use the store-specific directions buttons below. We have no Greensboro store; both Peters Auto Mall dealerships are in High Point.
Your First Auto Loan: What to Know
Your first auto loan does not have to be confusing. Peters Auto Mall works with more than 30 lending sources, including banks and credit unions, to help first-time buyers explore available options. Credit history, income, the vehicle and lender requirements determine actual terms.
Multiple Financing Sources
Our established relationships with banks and credit unions provide a variety of potential financing paths. Qualified buyers can compare available rates and terms with other offers.
Income and Employment
Current income, employment and financial obligations may be considered during the financing review. Be prepared to provide accurate application information.
Down Payment
There is no single down-payment requirement for all first-time buyers. The amount depends on your application, vehicle and financing source.
Identification and ITIN
Acceptable identification and documentation depend on the transaction and financing source. Peters Auto Mall also works with applicants who use an ITIN.
Choosing Your First Vehicle
Compare the total cost, condition, insurance, fuel economy and financing terms before choosing the right car, truck or SUV for your budget.
Financing is subject to approval. Loan terms, interest rates, down payments and vehicle eligibility depend on the individual application and applicable financing requirements.
Start Your First Vehicle Purchase Online
You can take the first steps from Greensboro before visiting a Peters Auto Mall dealership. Explore financing, compare inventory and learn what to expect.
First-Time Car Buyer Questions
Can I finance a car if I've never had an auto loan?
You can apply. Peters Auto Mall works with first-time buyers who have never financed a vehicle. Eligibility depends on your complete application and financing requirements.
Is no credit the same as bad credit?
No. Having little or no established credit is different from having previous credit problems. Financing sources consider the information in your application when reviewing available options.
Will I need a co-buyer for my first vehicle?
Not necessarily. Some financing situations may benefit from a co-buyer, but one is not automatically required just because this is your first auto loan. Requirements vary.
How much money down will I need?
Down-payment requirements vary based on the selected vehicle, financing source and your application. There is no universal amount for every first-time buyer.
What documents might I need?
Depending on the financing source, you may be asked for identification, proof of income, employment details, residence information and other application documents. Our team can help explain the applicable requirements.
Can I use an ITIN to apply?
Peters Auto Mall works with customers who use an Individual Taxpayer Identification Number. Eligibility and documentation requirements depend on the financing source.
Can I begin the process from Greensboro?
Yes. You can begin with online pre-approval , complete a credit application, browse current inventory and request a trade-in evaluation before visiting either High Point location.
What if another dealer has already declined my application?
You can still submit an application to Peters Auto Mall. Different financing sources may have different requirements,. Approval is not guaranteed.
Can I trade in a vehicle even if I still owe money on it?
Yes. Peters Auto Mall evaluates trade-ins with existing loan payoffs. The vehicle value and outstanding payoff are considered as part of the transaction.
Is first-time buyer financing guaranteed?
No. Approval and terms depend on the application, vehicle and applicable financing requirements. Our team can help you explore available options.
Directions from Greensboro to Peters Auto Mall
From downtown Greensboro, South Main is approximately 20 minutes away; from west Greensboro, North High Point is approximately 20 minutes away. Both dealerships are in High Point, so check the location of the vehicle you want before visiting. Actual driving times vary.
Ready to Shop for Your First Vehicle?
Whether you're still comparing cars, wondering about money down or preparing to apply for your first auto loan, Peters Auto Mall can help you understand the next steps.
We also often have vehicles moving through inspection, service and detailing before they appear online. Tell us what you're looking for.
Questions? Call Now.