What “Tote the Note” Means
“Tote the note” is another name for Buy Here Pay Here, or in-house financing. A tote-the-note dealership finances the vehicles it sells itself instead of sending your application to a bank or outside lender. You choose your vehicle, finance it with the dealership, and make your payments directly to the dealership or its finance company.
How Tote-the-Note Financing Works
- Apply with the dealership. The dealership reviews your application itself.
- Approval looks at your whole situation. Tote-the-note dealers typically consider your income, job, residence and down payment, not just a credit score. That’s why they work with customers who have all types of credit.
- Choose a vehicle that fits your budget.
- Pay on a schedule that fits your paycheck. Payments are often weekly, bi-weekly, semi-monthly or monthly.
- Get your title when the vehicle is paid off.
Is Tote the Note Right for You?
Tote-the-note financing can be a good fit if you’ve had previous credit difficulties or prefer to handle the car and the financing with one business. Before you sign, compare the total cost, and ask how long the contract is, what’s due today and later, and when the title becomes yours. See Ask Before You Sign for more questions to ask.
Tote the Note at Auto Masters
Auto Masters is a Buy Here Pay Here dealership on Nolensville Pike in Nashville. We work with customers with all types of credit, sell clean-title vehicles backed by a limited warranty, and offer weekly, bi-weekly, semi-monthly and monthly payment schedules. Learn how our financing works or browse our inventory.
