• Domestic financing is when a retailer provides a customer with a loan to purchase their goods or services.
  • The need for banks or other third-party lending institutions is eliminated through internal funding.
  • Loan approval is usually easier and the process easier when financing is obtained through a retailer.
  • The automotive industry is one of the largest domestically financed industries.
  • With the advent of technology firms and mobile apps, point-of-sale financing allows immediate consumer financing.