First Vehicle Loan? Get Started Before You Make the Drive.
If you’re in Winston-Salem and financing a vehicle for the first time, you can get much of the early work done before coming to High Point. Peters Auto Mall can help you understand the process, explore available financing options and shop for a vehicle that fits your needs and budget.
You can submit a financing application even if you have never had an auto loan before. Participating lenders have different requirements and review the complete application.
- First-time-buyer situations may be considered by participating lenders
- Multiple financing sources
- Online pre-approval and full credit application available
- Live used-vehicle inventory
- $0 dealer doc fee
Have a Question Before You Start?
Not sure what information you may need, what kind of vehicle makes sense or which financing step comes first?
Tell us how to reach you and what you need help with.
For an actual financing review, use the online pre-approval or full credit application below.
Do the Groundwork From Winston-Salem
You do not need to drive to the dealership just to begin figuring out the process.
Start With Online Pre-Approval
Use pre-approval as a quick first step if you want to begin with the financing side.
Look at the vehicles Peters Auto Mall actually has available and focus on choices that fit how you plan to use the vehicle and the budget you have in mind.
Complete a Full Credit Application
When you are ready for a financing review, provide the complete information requested in the full application.
Available financing and terms depend on the individual application, vehicle and lender requirements.
What Information Should You Have Ready?
Accurate information can make the process easier. A first-time buyer may be asked for information about identity, residence, employment and income.
Additional information or documents may be requested depending on the participating lender and application.
If you have a vehicle to trade, have its basic information available too. Do not assume that you automatically need a co-buyer or a certain down payment—those requirements depend on the individual application, vehicle and lender.
Choosing Your First Financed Vehicle
Start with a vehicle that fits your transportation needs and budget, then review the financing terms available for that vehicle.
Our inventory changes regularly, so shop the live listings rather than a static vehicle list.
First-Time Buyer or Past Credit Problems?
Having little or no established auto-loan history is not the same as having damaged credit.
If a repossession, bankruptcy, collections or other past credit problem is your main concern, that is a different financing situation and should be considered separately.
Already Have a Vehicle?
If you have a vehicle now, it may be part of your next purchase. You can start with its value online even if there is still an existing loan on the vehicle.
When You’re Ready to Visit
For Winston-Salem shoppers, Peters Auto Mall North High Point is the closest of our two High Point locations. Because the vehicle you want may be located at either store, contact us before making the trip if you want to confirm where a particular vehicle is located.
Peters Auto Mall North High Point
3037 N Main St, Suite 1
High Point, NC 27265
336-791-4664
Our second High Point location is:
Peters Auto Mall
2857 S Main St
High Point, NC 27263
336-781-2892
First-Time Buyer Questions
Can I apply without a previous auto loan?
Yes. You can submit an application even if you have never financed a vehicle before. Participating lenders have different requirements and consider the complete application.
Do I have to choose a vehicle before applying?
No. You can start with financing or inventory. Many first-time buyers find it useful to understand both together so the vehicle choice and financing situation make sense.
Do I automatically need a co-buyer or down payment?
No. Whether a co-buyer or down payment is needed depends on the individual application, vehicle and lender requirements.