In-house financing is a type of seller financing where a firm provides a loan directly to its customers. This approach allows businesses to bypass traditional financial institutions, such as banks and credit unions, by offering financing options in-house. For instance, in-house car loans can serve as a convenient alternative to securing auto financing through conventional lenders. This method not only simplifies the financing process but also offers more flexibility and personalized service, often leading to a smoother and faster approval experience.
Bank financing or non-in-house financing refers to financing that is sourced through traditional financial channels. Financing for the vehicle comes from a bank or car maker financing program. The following companies provide financing for prime credit customers:
When you buy your vehicle, the money for the vehicle is loaned to you from the bank or financial institution and given to the dealership. You then make your repayments for the loan to them.
When we use the term ‘In-House Financing’ we are referring to the fact that we—Birchwood Credit Solutions—are the ones providing you with the loan to purchase your vehicle. In-house financing allows us to accept customers who may not be approved for an auto loan through traditional financial channels. Banks or other financial institutions may turn down applications based solely on your credit score, whereas we work with customers to look at their entire financial situation when making a decision.
We use your personal information exclusively for the purposes identified above, ensuring it is treated with utmost care and confidentiality. Access to your personal information is strictly restricted to those employees of Birchwood Credit Solutions who require it to perform their specific job functions. Your trust is important to us, and we are committed to protecting your personal details throughout your experience with us.
A lot of customers come to us looking for in-house financing because they are unsure about obtaining car loans through their bank or financial institution. We are the only in-house vehicle financing operation in Manitoba that truly lends our own money. Lending our own money means more approvals, better repayment terms, and better interest rates.
Shop For Your Vehicle with Confidence
In-house financing is convenient. When purchasing a vehicle with Birchwood Credit Solutions, we’ll take care of the financial information first. For our customers, this means you know your loan will be approved and you will know exactly what you are approved for when you are shopping for your new vehicle. Our approval process is quick and hassle free, and we can tell our customers exactly what they are approved for on the same day that they apply.
Approval with Bad Credit / No Credit
Because we finance the vehicles we sell with our own money, we can be flexible when approving bad credit car loans. Birchwood Credit Solutions was created to work with individuals who may not have perfect credit for whatever reason. We look deeper into your financial situation and make our decision based off of factors outside of just your credit score.
Better Interest Rates and Payment Terms
In-house financing allows us to be more flexible with our interest rates and payment terms. Once we have an idea of what your monthly budget is and what an ideal down payment would be for you, we can get to work on getting your loan approved. Because the money we lend is our own, we offer flexible financing options that will keep your monthly payments low and manageable. Pick the vehicle you want, let us know your budget, and we’ll get you driving. It’s that easy.
You Deal Directly with Birchwood Credit Solutions
By financing in-house, your business is between you and the car dealership. When you buy a vehicle from Birchwood Credit Solutions, we provide you with your loan. Our customers are more than just a number, and we focus on understanding your situation and building a relationship with you. You’re not buying your new vehicle and then never talking to us again. Instead, our relationship will continue, and we’ll help you build your credit and payment history.
In order to provide a better understanding of the process, here are a few of the most commonly asked questions we receive about in-house financing:
Do you check my credit?
Yes, we check your credit—but we look beyond your credit score. We discuss your financial situation with you, which helps us with the approval process. We need to understand what your monthly budget is and what type of down payment you’re looking for. Most financial institutions and car dealerships will only look at your credit score, which doesn’t take into account your entire financial situation. We are loaning you the money directly, so we have flexibility in the deals we make with our customers.
What do I need to bring?
The first step when buying a vehicle with Birchwood Credit Solutions is applying through our website and then meeting with one of our team members to discuss your vehicle needs, your budget, and your situation. From here, you will be able to shop through our extensive inventory (throughout the entire Birchwood dealership network) to find the vehicle best suited to your needs.
How do I qualify?
Because we finance in-house, we can qualify you for your loan by looking at your complete financial picture — not just your credit score. Everyone’s financial situation is different, and because we offer in-house financing, we can be more flexible when working with you to find a great vehicle and monthly payments you can manage.
Do I have to reside in Winnipeg, MB?
No, you’re not required to live in Winnipeg, MB to be approved for a car loan through Birchwood Credit Solutions. Although we are headquartered in Winnipeg, MB and have three locations across the city, we do serve the entire Province of Manitoba. If you live outside of the city and require information on applying for vehicle financing, we encourage you to fill out the easy online application or give us a call.
Applying for a car loan shouldn’t be stressful. We only ask for the information we need and finishing your application takes less than three minutes. Get started now!
