First Time Car Buyer for UNC Chapel Hill Students

If you're a student at UNC Chapel Hill looking to buy your first car, the process doesn’t have to be complicated. At Peters Auto Mall in High Point, we help college students across North Carolina get approved and into reliable vehicles with a simple and straightforward process.

Whether you're receiving income through work, internships, or NIL opportunities, we can help you explore financing options and get into a dependable vehicle.

How the First Time Buyer Program Works:

Our process is designed to make getting your first car easy:

Apply online for pre-approval
Choose a vehicle that fits your budget
Provide a few basic documents
Drive off the same day

What UNC Students Need to Bring:

Most college students will need:

Valid driver’s license or state ID
Proof of income (job, NIL earnings, or bank statements)
Proof of residence (campus or local address)
Down payment (if required)

Financing Options for College Students:

We work with lenders that understand first-time buyers, including college students with limited or no credit history. Income from part-time work, internships, or NIL opportunities may help you qualify.

Many UNC students are able to get approved and begin building credit with an auto loan that fits their budget.

Affordable Cars for Students:

We offer a wide selection of vehicles ideal for students, including:

Fuel-efficient sedans
Compact SUVs
Affordable used cars under $20,000

Serving Students Across North Carolina:

Peters Auto Mall serves students from across North Carolina, including UNC Chapel Hill, NC State, Duke, Greensboro, and Winston-Salem. Our High Point location offers a large selection of vehicles and flexible financing options.

Frequently Asked Questions:

Can a UNC student get approved for a car loan?
Yes. Many students qualify even without established credit, especially with income or a co-signer.

Can NIL income be used for approval?
In many cases, documented income can help support your application.

Start Your First Car Buying Journey Today:

If you're a UNC Chapel Hill student looking to buy your first car, Peters Auto Mall is ready to help.