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 Trinity, NC
Shopping for your first car, truck or SUV near Trinity? Browse used vehicles for sale at Peters Auto Mall, then explore first-time buyer financing through banks, credit unions and other lending sources. Our South Main dealership in High Point is approximately 8 minutes from Trinity.
Shop Used Vehicles for Sale by Make Near Trinity
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 Trinity, NC
For first-time car buyers in Trinity and western Randolph County, Peters Auto Mall South Main provides a convenient place to compare used cars for commuting, family SUVs, pickup trucks and work vans. Browse the inventory online, then confirm whether your preferred vehicle is at South Main or North High Point before visiting.
Minutes from Nearby Communities
Approximate driving times to our South Main dealership at 2857 S Main St, High Point, NC. Actual travel times depend on your starting point, traffic and route.
TrinityAbout 8 minutes to South Main
ArchdaleAbout 5 minutes to South Main
ThomasvilleAbout 14 minutes to South Main
RandlemanAbout 22 minutes to South Main
Peters Auto Mall has two locations in High Point, not Trinity. Explore used vehicles currently for sale, compare your financing options and use the directions buttons below to find the appropriate store.
Your First Auto Loan: What to Know
Your first auto loan starts with finding a vehicle that meets your needs and understanding financing choices. Peters Auto Mall works with more than 30 financing sources, including banks and credit unions. Some programs may be suitable for first-time buyers without established auto-loan history; rates and terms depend on the application, vehicle and lender.
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
From Trinity, you can browse used vehicles, begin pre-approval and learn about financing before traveling to either High Point dealership.
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 shop and apply online from Trinity?
Yes. Shop current inventory, begin online pre-approval and value a trade-in before visiting High Point.
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.
Get Directions from Trinity to Peters Auto Mall
Peters Auto Mall South Main is approximately 8 minutes from Trinity. Both of our dealerships are in High Point; confirm your vehicle’s store location before visiting.
Ready to Shop for Your First Vehicle?
Ready to find your first vehicle? Compare used cars, trucks and SUVs, ask about first-time financing and check on vehicles being prepared for sale. We welcome shoppers from Trinity and nearby Randolph County communities.
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.