Frequently Asked Questions (FAQ)

Nationwide Auto Finance is an independent used car dealer in Toledo Metro, Northwest Ohio, and Southeast Michigan. We specialize and focus on offering used auto financing options that fit customers’ needs.

Our primary offering is decades of in-house financing. We promise guaranteed approval if you have a valid Ohio driver’s license and proof of residency. You also need to make a down payment starting at about $1,800 and you live within our preferred area.

Buy Here Pay Here FAQs

Question: What is a traditional in-house financing, or also known as “buy here, pay here” (BHPH)?

Answer: Traditional In-House Financing, or “Buy Here Pay Here” (BHPH), is a great choice for people who need easy vehicle financing.

With over 20 years in business (and counting), this service guarantees approval if applicants meet some basic requirements. You need a valid Ohio driver’s license. You also need proof of residency from the last 30 days.

Additionally, you need to make a down payment of around $1,500. This amount may change.

The financing terms usually last from 24 to 30 months, or about 2 to 2.5 years with no interest charges. This makes it the best choice for people who need affordable and reliable vehicle financing.

Question: Is a $500-700 down payment enough for a Buy Here Pay Here purchase?

Answer: No, but we offer the Credit Builder Program with approved credit that could accommodate this amount.

Question: Is there a warranty for Buy Here Pay Here cars?

Answer: Not included, but customers can purchase a third-party warranty separately and in some cases can be rolled into a loan.

Question: Are partial payments accepted, or is the full tax and title amount required upfront?

Answer: In some cases, we accept partial down payments depending on the program.

Question: Is Buy Here Pay Here available for Michigan residents?

Answer: Buy Here Pay Here is not available for people in Michigan. But the Credit Builder Program is accessible to them if they show proof of residency.

Buy Here Pay Here (BHPH) is only limited to Ohio clients within a 45 minute drive from our location.

Question: Can I use my trade-in vehicle towards my down payment?

Answer: Yes, we don’t give numbers at all for trade in over text or phone they would have to bring the car in for appraisal.

Question: Do I need full coverage insurance?

Answer: Yes, you must obtain full coverage insurance before finalizing the deal. This is necessary for any program the client chooses. Full coverage insurance protects the asset or vehicle in case of an incident. It also covers all parties involved.

Additionally, we extend our services through a credit builder program that facilitates bank financing. This program guarantees approval with proof of income. It helps customers build or repair their credit while getting a vehicle. This initiative caters to a wider range of customers and helps them secure financing through reputable banking channels.

Nationwide Auto Finance aims to make car ownership possible for people in our community. We offer both in-house and bank financing options. These options focus on being accessible and inclusive.

Credit Builder Program and Bank Financing

Guarantees approval if you show proof of income, job history, and stability, along with some credit. Helps you build or rebuild credit while getting a vehicle. Works with trusted banks to secure financing.

CBP, BF, and BHPH Frequently Asked Questions (FAQs)

Question: Is a $500-700 down payment enough for a Buy Here Pay Here purchase?

Answer: No, but we offer the Credit Builder Program with approved credit to possibly accommodate this amount.

Question: Is there a warranty for Buy Here Pay Here cars?

Answer: Not included, but customers can purchase a third-party warranty separately.

Question: Can I be eligible for a $0 down payment?

Answer: Yes, with approved credit and/or 90+ verifiable days of stable job tenure.

Question: Are post-discharge bankruptcies eligible for the Credit Builder Program?

Answer: Absolutely, post-discharge bankruptcies are eligible.

Question: Is it possible to add another loan with an open auto loan if my current payments are up to date?

Answer: Possible if current loan payments are up to date; requires a trade-in or new down payment (see dealer for different scenarios).

Question: Can I qualify for the Credit Builder Program if I have a recent repo on my record?

Answer: We can offer the credit builder program after in some cases 6 to 12 months. If the repo is recent, clients may qualify for in-house financing as well.

Question: Does the Credit Builder loan include a warranty, and is any upfront payment required?

Answer: Minimum 1-year warranty for purchase rolled in the loan; no upfront payment needed.

Question: Is a co-signer with bad credit accepted if they have established credit?

Answer: Accepted in most cases if they have established credit.

Question: What is the job tenure requirement for qualifying for a Credit Builder loan?

Answer: Possible with 1-2 weeks job tenure, subject to a decent down payment and credit history (no open autos) and there’s lots of different scenarios. Please see the dealership for details.

Question: Can I use just my trade-in as a down payment?

Answer: In most cases, yes, we offer good trade-in values. Customers need to bring their cars in. If the car doesn’t run, that’s fine.

We can still evaluate it. We usually offer at least $500. However, we do not give prices over the phone.

Trade-ins must have a lien-free title. This means there can be no money owed on a loan for the vehicle.

In rare cases, if the loan balance is exceptionally low, like $3,000 or less, we might be able to make a deal. However, we cannot guarantee this. If you need help, contact our sales team.