First-Time Car Buyer Near Winston-Salem, NC
Never financed a vehicle before? Peters Auto Mall works with first-time buyers and customers with little or no established auto-loan history. Winston-Salem shoppers can start online before visiting High Point.
Everybody Has to Start Somewhere
Not having a previous car loan does not mean you should assume you cannot finance a vehicle. Peters Auto Mall works with multiple outside financing sources and also offers Buy Here Pay Here options.
You can apply 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.
Limited auto-loan history does not mean you should assume there are no options to explore.
A state-issued ID may be accepted in some transactions, and Peters Auto Mall also works with customers who use an ITIN.
Approval, down payment, rate, term and vehicle eligibility depend on the application and financing-source requirements.
How Does the First-Time Buyer Process Work?
Take the process one step at a time.
Provide some basic information and begin exploring financing.
Compare vehicles that fit your transportation needs and budget.
Provide the complete information needed for a financing review.
Supply any identification, income, residence or other information required.
Review the vehicle, financing terms and overall transaction.
Once everything is completed, finish the purchase and take delivery.
What Information Might You Need?
Requirements vary, but having accurate information ready can make the process easier.
A driver's license or acceptable state-issued identification may be used depending on the transaction.
Verification may include pay stubs, bank statements or other acceptable documentation.
Your current address and residence information may be part of the application.
Current employment details can be part of the financing review.
Some financing situations may require additional banking information.
A down payment may be required in some situations, but there is not one amount that applies to everyone.
Can You Use a State ID or ITIN?
A state-issued ID may be accepted in some transactions, and Peters Auto Mall also works with customers who use an Individual Taxpayer Identification Number, or ITIN.
The documentation needed depends on the individual financing option and transaction.
Call With QuestionsShop for Your First Vehicle
There is no one right first vehicle. Consider what you need for work, school, family and everyday transportation, along with purchase price, insurance, fuel and maintenance.
Shopping Under $20,000?
Used vehicles under $20,000 can give first-time buyers another way to keep purchase price in focus while comparing available choices.
Shop Vehicles Under $20,000Don't See the Right First Vehicle Online?
Peters Auto Mall often has additional vehicles moving through inspection, service and detailing before they appear online.
If you are trying to stay within a certain budget or looking for a particular type of vehicle, call and tell us what you need.
Ask About Incoming Vehicles - 336-791-4664Have a Vehicle to Trade or Sell?
Whether you want to trade your current vehicle toward your first financed 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 buying another vehicle from us.
Can Financing Your First Car Help Build Credit?
An auto loan can become part of your credit history when the financing source reports account activity to the credit bureaus.
Making payments as agreed can help establish payment history over time. Reporting practices vary by financing source, so ask about the specific financing arrangement you are considering.
Past Credit Problems Instead?
Having little or no established credit is different from rebuilding after past financial problems.
If repossessions, bankruptcy, collections, charge-offs or other credit challenges are the bigger issue, our credit-financing page may better match your situation.
Financing With Credit ChallengesCould You Buy and Take Delivery the Same Day?
Sometimes. Same-day delivery can depend on the vehicle, financing, required documentation, insurance and how quickly the transaction can be completed.
Having your information and documents ready can help make the process smoother.
Start OnlineFirst-Time Buyer Questions
You can start the process with little or no established credit history. Peters Auto Mall works with first-time buyers and customers who are beginning to establish credit.
Not automatically. Whether a co-buyer makes sense depends on the individual financing situation and overall application.
There is not one down-payment amount that applies to every first-time buyer. Requirements can depend on the application, selected vehicle and financing option.
Income verification is common in vehicle financing. Acceptable documentation depends on the financing source and transaction.
A state-issued ID may be accepted in some situations. Identification and licensing requirements depend on the transaction and financing option.
Yes. Peters Auto Mall works with customers who use an ITIN. Documentation and financing requirements depend on the individual transaction.
Yes. You can browse live inventory, start with pre-approval, complete a credit application and value a trade online before visiting High Point.
Peters Auto Mall North High Point at 3037 N Main St, Suite 1 is especially convenient for Winston-Salem-area shoppers.
Yes, especially if you are interested in a particular vehicle. Inventory changes frequently and vehicles may be located at 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 start online, explore financing options and shop our frequently changing used-vehicle inventory before making the trip from Winston-Salem.
Peters Auto Mall does not charge a dealer documentation fee.
We work with multiple outside financing sources plus Buy Here Pay Here options.
Little or no established auto-loan history does not mean you should assume you have no options.
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.
Your current vehicle can still be evaluated even if you have an existing payoff.
First-Time Buyer Help Near Winston-Salem
For Winston-Salem-area shoppers, Peters Auto Mall North High Point is especially convenient. Vehicles may be located at either High Point store, so call about a specific vehicle before making the trip.
High Point, NC 27265
336-791-4664
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