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 in High Point, NC
Shop used cars, trucks, SUVs and vans for sale at Peters Auto Mall in High Point. Buying your first vehicle or financing a car for the first time? Compare our current inventory, then explore options from banks and credit unions serving a variety of credit histories.
Shop Used Vehicles for Sale by Make in High Point
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 in High Point and the Piedmont Triad
Peters Auto Mall has two High Point dealerships for shoppers comparing their first used car, commuter, family SUV or pickup. Start with current vehicles online, then visit the location with the car that interests you. Buyers from nearby communities can explore financing through our network of banks and credit unions.
Approximate Drives to Peters Auto Mall
These times are estimates from each listed community to the indicated High Point dealership. Traffic and starting points may change your trip.
ArchdaleAbout 5 minutes to South Main
TrinityAbout 8 minutes to South Main
WallburgAbout 12 minutes to North High Point
ThomasvilleAbout 14 minutes to South Main
JamestownAbout 14 minutes to South Main
Winston-SalemAbout 18 minutes to North High Point
KernersvilleAbout 18 minutes to North High Point
Downtown GreensboroAbout 20 minutes to South Main
We also welcome first-time shoppers from Lexington (about 22 minutes to South Main), Randleman (about 22 minutes), Pleasant Garden (about 23 minutes), Asheboro (about 25 minutes) and Denton (about 30 minutes). From west Greensboro, North High Point is about 20 minutes away. These are general estimates, not live traffic forecasts.
Browse used vehicles for sale and select the store-specific directions button below. Both locations are in High Point; availability varies by vehicle and dealership.
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
Start locally in High Point: browse inventory, compare first-time financing options, and prepare your information before visiting either Peters Auto Mall location.
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 online in High Point?
Yes. Start with online pre-approval, browse inventory, complete a credit application, or request a trade 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.
Visit Our Two High Point Dealerships
Whether you live in High Point or are traveling from Archdale, Trinity, Jamestown or elsewhere in the Triad, choose the Peters location with your preferred vehicle. Check availability before visiting, and select a store below for current directions.
Ready to Shop for Your First Vehicle?
Compare current used cars, trucks and SUVs online, then contact our High Point team about first-time buyer financing, trade-ins or vehicles being prepared for sale.
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.