Tips on Buying Cars: lot finance, hi chris, pros cons

Question
can you tell me what lot finance is? any pros/cons?

Answer
Hi Chris and thanks for the question.  I am not sure where you are from so can not say with certainity what you are talking about as terms mean different things in different areas.  I would GUESS---that you are talking about where a used car dealer finances the vehicle himself.  If this is the case you will probably pay considerably more interest and be limited as to the term of the loan.  This is normally used by people with no, or bad, credit who would have a hard time getting financing through normal sources.  If you would like further info let me know more details and I will try to help.  Best of luck, Bud