Buy here pay here is one stop portal to find all best car dealers online.
What are buy here pay here dealerships?
Buy here pay here dealerships are car dealerships that will let you drive off in a car the same day. This means that you don’t need to provide a credit history since the dealer will require a refundable fee (a deposit).
This can be anywhere from $500 to $2000. If you’re going to apply in a buy here pay here dealership, it’s very important that you know your credit score and that of your co-applicant (if there will be a co-applicant).
If you don’t have sufficient credit, don’t hesitate to ask the dealer to find a solution because there is always a way. Just make sure you ask the dealer in advance so they can come back to you with a solution.
Buy here pay here dealerships are specialized car dealers that offer financing to customers who may have a hard time getting financed elsewhere. While some dealers may offer subprime auto loans, buy here pay here dealers offer the consumer a line of credit that they can use to purchase their car.
This line of credit is secured by the car, and the consumer can make repayments on their line of credit in addition to their regular monthly payment on the car loan.
These dealerships make their money by selling cars to people with damaged credit. Buy here pay here dealers generally sell cars for cash or financing.
Buy here pay here dealers are advantageous to people with bad credit because they allow the customer to pay off their car in installments over a period of time. This is important because the car the person is purchasing is their transportation to and from their job.