The phrase refers to automotive retailers specializing in providing financing options to individuals with less-than-ideal credit histories, including those who have previously experienced vehicle repossession. These dealerships often work with a network of lenders who are willing to extend credit to borrowers considered high-risk by traditional financial institutions. For instance, a consumer with a low credit score seeking transportation might search for such establishments to secure an auto loan.
Access to reliable transportation is often essential for employment, healthcare, and other vital activities. The existence of specialized dealerships provides a pathway for individuals with past credit challenges to regain mobility and participate more fully in the economy. Historically, these types of financing options were less prevalent, leaving many credit-challenged individuals with limited access to personal transportation. The increased availability of such dealerships reflects a shift towards more inclusive lending practices within the automotive industry.