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 Winston-Salem, NC
Buying your first car, truck or SUV near Winston-Salem? Shop used vehicles for sale at Peters Auto Mall, then explore financing through our bank and credit-union network. Our North High Point dealership is approximately 18 minutes from Winston-Salem.
Shop Used Vehicles for Sale by Make Near Winston-Salem
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 Winston-Salem
From daily commuting in Forsyth County to weekend trips around the Piedmont Triad, the right first vehicle starts with the right fit for your budget and needs. Winston-Salem shoppers can browse cars, trucks, SUVs and vans online before visiting Peters Auto Mall North High Point, at 3037 N Main St, Suite 1.
Near Winston-Salem and Surrounding Communities
Approximate driving times to our North High Point location are based on the listed areas. Traffic, route and starting point will affect the actual trip.
Winston-SalemAbout 18 minutes to North High Point
KernersvilleAbout 18 minutes to North High Point
WallburgAbout 12 minutes to North High Point
West GreensboroAbout 20 minutes to North High Point
We also welcome first-time buyers from other Forsyth County and western Triad neighborhoods. Check current inventory to find a vehicle that fits your needs, then use the North High Point directions button below. If your chosen vehicle is at South Main, directions to that location are available too.
Your First Auto Loan: What to Know
A first vehicle purchase does not require a previous auto loan. Peters Auto Mall works with more than 30 financing sources, including banks and credit unions, that may consider first-time buyers with different credit histories. Each lender reviews applications according to its own requirements.
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
Begin from Winston-Salem by exploring financing, comparing used vehicles and preparing the information you may need before visiting High Point.
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 my first-time car purchase from Winston-Salem?
Yes. Browse current inventory, start online pre-approval and request a trade-in evaluation before making the trip to 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.
Directions from Winston-Salem to Peters Auto Mall
North High Point is approximately 18 minutes from Winston-Salem. Both Peters Auto Mall locations are in High Point, and inventory can be at either one. Confirm the specific vehicle location before traveling.
Ready to Shop for Your First Vehicle?
Shop online, explore first-time financing options and ask about incoming vehicles. Our High Point team is ready to help Winston-Salem shoppers find a practical next step.
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.