What Are "Tote the Note" Car Lots?

If you’ve ever come across the term “Tote the Note” while shopping for a car, you might wonder what it means. Simply put, a Tote the Note car lot is a type of dealership that handles its own financing. Unlike traditional car dealerships that rely on banks or third-party lenders, Tote the Note dealers allow you to finance your vehicle directly through them. This in-house financing option can make it easier for people with limited or poor credit histories to get approved for a car loan.

How Does a Tote the Note Car Lot Work?

Also known as buy here pay here dealerships, Tote the Note car lots are designed to simplify the car-buying and financing process by cutting out the middleman. Here’s how it works:

In-House Financing

When you buy from a Tote the Note dealership, the dealership itself provides the financing for your vehicle. You’ll make your car payments directly to them instead of to a bank or lender.

Flexible Loan Approvals

Since these dealerships don’t rely on outside lenders, they can offer car financing options to people with bad credit, no credit, or a history of financial difficulties.

Paperwork You’ll Need

To purchase a vehicle, you’ll typically need to provide paperwork such as:

• A valid driver's license or ID
• Proof of income (such as recent pay stubs, SSI declaration page, or bank statements)
• Proof of current address (such as a utility bill, phone bill, or bank statement)

Payment Terms

Tote the Note lending typically offers flexible payment options that range from 12 to 84 months, depending on the dealership, making it easier for buyers to manage their budgets. Payments are usually made directly to the dealership, either in person or online.

At Express Credit Auto, you can also calculate your payments online. With this tool, you can estimate what you'll pay based on factors like the car price, down payment, and financing terms, helping you plan your budget with confidence.

Benefits of Buying from a Tote the Note Car Lot

Choosing to buy a car from a Tote the Note dealer comes with several advantages, particularly for buyers with credit challenges who might otherwise struggle to secure financing. This includes:

• Accessible Financing: Even if you have bad credit or no credit at all, you can still qualify for a loan at a Tote the Note car lot. These dealerships focus more on your current income and ability to pay rather than your credit history.
• Quick Approval Process: Unlike traditional loans that may take long to process, Tote the Note dealerships can often get your financing pre-approved on the same day.
• Rebuilding Credit: Some Tote the Note dealerships report your payments to credit bureaus, giving you an opportunity to establish or rebuild your credit over time.

Find a Tote the Note Car Lot in Oklahoma

If you’re looking for quality vehicles and accessible financing options, Express Credit Auto has you covered. With five convenient locations across the state, we make it easy for you to find a Tote the Note car lot near you. Our locations include:

• North Oklahoma City

  • 4810 NW 39th St, Oklahoma City, OK 73122

  • Phone: (405) 792-2280

• South Oklahoma City

  • 1 W I-240 Service Road, Oklahoma City, OK 73139

  • Phone: (405) 632-0090

• Midwest City:

  • 9014 SE 29th St, Oklahoma City, OK 73130

  • Phone: (405) 455-7773

• Norman:

  • 343 N Interstate Dr, Norman, OK 73069

  • Phone: (405) 801-4060

• Tulsa: 

  • 4215 S Memorial Dr, Tulsa, OK 74145

  • Phone: (918) 591-2700

We specialize in helping customers find vehicles that fit their needs and budget, regardless of their credit history. Visit any of our Tote the Note car lots or explore our inventory online to get started today!

Original post here: What Are "Tote the Note" Car Lots?