AUTHOR: Michael Goff
BIO: Michael Goff is the owner of Liquidators Auto Sales in Houston, Texas.
Buy here pay here no credit check is a great alternative to finance the car you wish to buy. Whether you’re on a strict budget or have a bad credit score, this type of financing offers a diverse range of deals and financial programs tailored to your needs and budget. In addition, you can choose from a huge selection of used cars, trucks, and SUVs.
Buy here pay here dealers make financing fast, simple, and effortless with competitive interest rates and non-invasive credit checks. You can ask for discounts and negotiate great deals with affordable prices for vehicles of your choice.
Consult a good buy here pay here dealership and consider the various alternate financing packages.
Let’s look at some more benefits:
Benefits of Buy Here Pay Here
No credit check
Today, a reliable car isn’t just a luxury. It is a necessity. You need a car to go anywhere from a grocery store to the hospital. In fact, most people drive to and from work. But, how do you get a car if you have bad credit? That is where buy here pay here dealers come in.
They are the preferred choice among the vast majority of the customers who are unable to secure financing through traditional banks. And in so doing, these dealers provides choices to customers with poor or no credit.
Opportunity to rebuild your credit profile
Imagine you have bad credit and are unable to qualify a loan. How then would you rebuild your credit if are unable to get any credit? What a conundrum!
Wouldn’t it be great if you could buy a car and build your credit score at the same time?
Despite bad credit, a buy here pay here dealership will give you a loan. And when you make timely, payments and present a responsible image, they may report your good payment history to multiple credit bureaus. This may give you an opportunity to establish and rebuild your credit profile.
Modest down payments
When you’re facing financial troubles, you don’t have much to offer as a down payment. And most auto dealers are unwilling to extend loans to customers that offer low down payments or have bad credit. Once again, this is where buy here pay here dealerships prove very useful. Most buy here pay here dealers will let you buy a car with modest down payments that are as low as $500 or $1000.
Reliable and quality used cars
If you have, say $1000, there are two options available to you. Either you can buy a junk car from a local junkyard or you can buy a much more reliable used car and repay the loan in installments. This becomes a no-brainer when it comes to the safety of our loved ones.
Most buy here pay here dealers conduct a full vehicle inspection. In fact, they even give you a comprehensive 50-point assurance report and vehicle history. These auto dealers are so confident in their cars that they will back them up with free warranties. This becomes even more significant when majority of the vehicles are still under the original manufacturer’s warranty.
Unlike traditional auto dealers, buy here pay here no credit check dealers offer in-house financing. Thus, they offer you flexible terms and competitive rates. All you have to do is inform them know what you need and how you can repay the loan. This gives customers more leeway to set their own terms of repayment from weekly to monthly schedules.
Quick and easy process
Buy here pay here dealers log all their cars into a database linked to the Department of Motor Vehicles. Such that when you buy a car, it allows for simple and smooth processing of the transaction.
Many of these dealers will even facilitate the purchase of cars from the comfort of your home. They give you the option to get online pre-approval and search the online inventory of vehicles to find the car you want to buy. Once you have had a satisfactory test drive, all you have to do is sign some paperwork.
And before you know it, you can drive out in your car in as little as 20 minutes.
Top dollar trade-in deals
If you have an older car that you want to upgrade, these auto dealers offer a unique facility to buy your new car and sell your old car at the same dealership. Isn’t that great? Not only do they help you find the car better suited to your needs but also take the older vehicle off your hands. And they pay top dollar for your trade-ins as well. Need we say more?
Saves time & hassle
Buying a car is no easy feat. You have to check your credit score and assess whether you’re eligible for a traditional loan. If you have bad credit, it becomes even more difficult to find a lender willing to finance your purchase. Often, this is a lengthy and difficult exercise that can take months.
However, most buy here pay here no credit check Houston dealers follow the mantra “no credit, bad credit, no problem.” And since they have in-house financing, you can drive away in your new car on the same day you walk into the dealership.