The phrase refers to automotive dealerships that publicize a excessive chance of offering financing to people, typically no matter their credit score historical past. These institutions usually cater to clients who could have issue securing a automobile mortgage by way of conventional lenders akin to banks or credit score unions. A automobile shopper may use the search time period to find dealerships of their neighborhood that provide such financing choices.
These dealerships will be useful for people with poor or restricted credit score, offering entry to transportation which may in any other case be unattainable. They typically present a pathway to credit score rehabilitation by permitting clients to construct or rebuild their credit score historical past by way of constant and well timed mortgage repayments. The existence of such a financing has advanced alongside the growing complexity of credit score scoring and the rising want for transportation in lots of areas.