West Valley Auto Plaza is a used car dealership in West Valley City, Utah. Our slogan is "We Won't Jerk You Around" and we mean it! We work with ALL the major banks, local Credit Unions and our own bank APG Financial to make sure whether you have good credit, bad credit or no credit we have a way to get you in to a new car!
A car dealer who goes by the "buy here, pay here" model provides financing for a consumer who wants to buy a car. The dealer actually provides the financing, rather than merely arranging the financing through a lender. Thus, the car dealer is more of a lender whose lending is secured by the car. Financing charges for this sort of financing could run as high as 20 percent annually.
As part of the financial reforms initiated after the financial crisis, the federal government created the Consumer Financial Protection Bureau in 2010. Although there is an exemption for car dealers under the Brownback Amendment, the reach of this agency extends to the "buy here pay here" dealers. The CFPC has the scope to protect consumers from unfair lending practices and could go after the "buy here, pay here" dealers if there are indicators they are engaging in such practices. We abide by the rules and regulations the Federal Government has implemented.
At West Valley Auto Plaza, our success is based upon treating you fairly, in line with the federal government's focus on protecting your consumer interests. This video shows you the advantages we give you, when you are looking to buy a used car in Salt Lake city with bad credit, or less than perfect credit. Our advantages in selection, interest rates, and qualifying approvals make this the best place to shop for a used car or truck in Salt Lake City.
Use our "Quick Qualify" program to buy your next used car or truck. Come out to our dealership-3899 South Redwood Road, West Valley City. Visit us online at WestValleyAutoPlaza.com, or call us at 801-886-1700.
West Valley Auto Plaza’s goal is to get you back on your feet in a good reliable pre-owned vehicle that you can afford at a fair price regardless of your credit situation. This is what we’ve done for over 11 years now, and this is what we’ll do for you. Feel free to shop around and see what others have to offer. We know you’ll end up choosing us, because we are the best out there, and we won’t jerk you around!
There are three different levels of bad credit car buying that you should know about. The best way to categorize the levels is by credit score range. The features of each level are from traditional lending institutions. Remember though, as you see in the video, we can help you buy the used car or truck you need, without the hassle, embarrassment, and frustration from these traditional banks or credit unions.
519 Credit Score and Below
If you fall in this range you would be in the sub-prime credit tier.
From a typical lending institution:
Your interest rates are usually in the 20's
Loan terms are shorter (under 54 months)
Down payments are usually larger (sometimes 30% or more), and vehicle selection is limited. Besides, there aren't many traditional lenders to choose from.
It is to these "credit challenged" or bad credit car buyers that we perform our greatest service. West Valley Auto Plaza has programs for those with bad or less than perfect credit-programs to get you approved, financed, and on track to improve your credit rating. Programs, like the used car buying programs this week, that get you into used cars for only $99 down. And, of course, to get you into that car or truck you need-today!!
520 - 580 Credit Score
If you fall into this range, you would be in the upper sub-prime and lower non-prime credit tier.
Interest rates are in the high teens
Loan terms up to 72 months (on select vehicles)
Down payment in the 10-20% range.
581 - 620 Credit Score: The Non-Prime Credit Tier
There are many more options for you here in the non-prime credit tier:
More lenders are available
More favorable interest rates (from 12-18%)
You typically can borrow more.
You generally need less money down (and in some cases no money down).
Use our "Quick Qualify" program to buy your next used car or truck. Come out to our dealership-3899 South Redwood Road, West Valley City. Visit us online at WestValleyAutoPlaza.com, or call us at 801-886-1700.
West Valley Auto Plaza’s goal is to get you back on your feet in a good reliable pre-owned vehicle that you can afford at a fair price regardless of your credit situation. This is what we’ve done for over 11 years now, and this is what we’ll do for you. Feel free to shop around and see what others have to offer. We know you’ll end up choosing us, because we are the best out there, and we won’t jerk you around!
Your answers are here at West Valley Auto Plaza, as this week you can select from over 100 used cars and trucks with only $99 down, and financing to fit your current situation. Our "Quick Qualify" program will get you approved. Plus, from August 23-27, one free car will be given away each day to one lucky person-will that be you? There's only one way you have a chance at that free car give-away-come here to West Valley Auto Plaza this week!
Come out to our dealership-3899 South Redwood Road, West Valley City. Visit us online at WestValleyAutoPlaza.com, or call us at 801-886-1700.
West Valley Auto Plaza’s goal is to get you back on your feet in a good reliable pre-owned vehicle that you can afford at a fair price regardless of your credit situation. This is what we’ve done for over 11 years now, and this is what we’ll do for you. Feel free to shop around and see what others have to offer. We know you’ll end up choosing us, because we are the best out there, and we won’t jerk you around!
1. Look up and verify your credit information recorded with the 3 main Credit Bureaus. Equifax, TransUnion, and Experian are the big 3 credit bureaus that have recorded your credit history. Look for the negative reports (collection accounts, judgements, etc.) that are incorrect, inaccurate, or untrue. West Valley Auto Plaza will show you your credit report FREE-with no obligation.
2. Dispute the inaccurate reports. Yes, you can challenge and dispute negative, inaccurate or false reports. Again, West Valley Auto Plaza will show you how to dispute these negative credit reports FREE-with no obligation.
3. Establish new, good creditthat is reported. It is not just a matter of making timely payments-your timely payments need to be recognized by the credit bureaus to help improve your credit rating. West Valley Auto Plaza starts to immediately report your good credit activity with the credit bureau-the same day you finance your used car or truck purchase with us. If you have a job, and live in the Utah area, we can finance you for a used car purchase on your first visit to our showroom.
4. Make your payments on time, to a bank that sends your reports to all 3 credit bureaus. West Valley Auto Plaza sends your timely payment information to Equifax, TransUnion, and Experian-all 3 credit bureaus.
5. Make arrangements to settle accounts with collection agencies. If you have legitimate outstanding balances with medical agencies, hospitals, collection agencies, etc., be pro-active and call them. Make reasonable arrangements to make affordable, monthly payments. Remember, even a small amount-if paid monthly and regularly-will generally be acceptable to these collection agencies.
Watch this video on how we help you restore good credit and buy a used car in Salt Lake City with bad credit. We have worked hard to find, select and finance you for your best used car, truck or SUV purchase. Come out to our dealership-3899 South Redwood Road, West Valley City. Visit us online at WestValleyAutoPlaza.com, or call us at 801-886-1700.
West Valley Auto Plaza’s goal is to get you back on your feet in a good reliable pre-owned vehicle that you can afford at a fair price regardless of your credit situation. This is what we’ve done for over 11 years now, and this is what we’ll do for you. Feel free to shop around and see what others have to offer. We know you’ll end up choosing us, because we are the best out there, and we won’t jerk you around!
A used car dealer who goes by the "buy here, pay here" (BHPH) model provides financing for a consumer who wants to buy a car. The dealer actually provides the financing, rather than merely arranging the financing through a lender. Thus, the car dealer is more of a lender whose lending is secured by the car. Financing charges for this sort of financing are usually higher than conventional used car loan from banks and credit unions. But people are unable to secure loans from these institutions when they want to buy a car with bad credit, or less than perfect credit. So the BHPH financing provides the best option for individuals to purchase a used car. Watch this video to see how West Valley Auto Plaza takes good care of "bad credit used car buyers" in their efforts to finance a used car or truck purchase.
Whether it's your first time or your tenth time at a BHPH dealership, it's important that you know what to look for. Getting the right answers starts with asking the right questions. That's why this list of 5 questions is designed to give you a starting point in your conversation with a Buy Here Pay Here (BHPH) Dealer. Choose the ones that matter most, or add your own questions to get the information you're interested in.
1. What do I need to bring when I visit your dealership? Bringing the correct documents to a BHPH dealership can speed up your purchase process. Although the list of items can differ depending on your unique credit situation and each dealer, we interviewed BHPH dealers around the country, and here is what they suggested you take:
Driver's License
Proof of Auto Insurance
Financial Info (bank and credit card account info to fill out credit application)
Social Security Number
References (with complete contact info)
Proof of Employment and Salary (paycheck stubs, with one less than 30 days old)
Proof of Residence (mortgage document or rental lease agreement)
Current Phone Bill (or other utility bill such as gas, electric or water)
Down Payment
To find out exactly what to bring, call the dealership before you visit. They'll help you pull together everything you need.
2. How do you accept payment?
Instead of making monthly payments to a traditional lender, you make weekly or bi-weekly payments at a BHPH dealership. Many BHPH dealers require you to bring cash physically to their location, but some are expanding the ways they'll accept payment. Ask if they take payment by phone or online. Some dealers will require an automatic withdrawal if you currently have a checking account, savings account or credit card. Other dealers offer the option of paying through money orders. Explore a variety of payment methods with your dealer to find one that best fits your financial situation.
3. What is your late payment policy? You'll want to understand the dealership's late-payment policy. Will they repossess the car the day after you fail to make a payment, or is there a grace period? Will they contact you or simply take the car back with no questions asked? More than likely, this will never be an issue, but it's good to know what to expect if an emergency temporarily delays your payment. You might also ask if the dealership regularly reports both positive and negative payment information to the credit reporting agencies. If you have a good payment record and the dealer reports this information, this can help you start or rebuild a credit history.
4. Where are you located?
When selecting from a list of BHPH establishments, location is important. Pick one close to where you live or work so that it's convenient to come in to make your payment. What's more, BHPH dealers prefer to work with customers who live close to the dealership so that it's simple to maintain the financial agreement geographically. So, finding a dealership nearby may make it even easier to get the car loan you need.
5. What value do you place on providing quality vehicles?
Bad credit shouldn't prevent you from getting a good vehicle. In fact, many BHPH dealers are focused on offering reliable vehicles. They understand that to ensure your faithfulness to the payment plan, they need to offer you a dependable vehicle. Ask dealerships about the inspection standards or reconditioning processes they use to prepare vehicles for purchase. See if they offer maintenance and repairs onsite, or if they have a partner provider who does. A reliable vehicle serves the interests of both parties, and a dealer should be happy to provide you with this information.
Watch this video on how we help you buy a used car in Salt Lake City. Don't be fooled with "Buy Here, Pay Here" used car lots (or jerked around). We have worked hard to find, select and finance you for your best used car, truck or SUV purchase. Come out to our dealership-3899 South Redwood Road, West Valley City. Visit us online at WestValleyAutoPlaza.com, or call us at 801-886-1700.
West Valley Auto Plaza’s goal is to get you back on your feet in a good reliable pre-owned vehicle that you can afford at a fair price regardless of your credit situation. This is what we’ve done for over 11 years now, and this is what we’ll do for you. Feel free to shop around and see what others have to offer. We know you’ll end up choosing us, because we are the best out there, and we won’t jerk you around!
Benefits of buying a car at a buy here pay here car dealer:
Buy here pay here car dealers will finance anyone that can make the payment. More often than not there is no credit check. To buy a car, consumers only need a pay stub and enough money down for the first payment. Think of it as a rent to own auto or a lease to own car.
Pitfalls of In House Dealer Financing:
Most everyone can get approved for a car loan with a BHPH car lot. The downside to financing an auto this way is that most of the time the payment history is not reported to the credit reporting agencies. In other words, if you are trying to rebuild a good credit rating, a buy here pay here auto loan may not be the best way to go.
BUT NOT AT WEST VALLEY AUTO PLAZA-we help restore your credit by reporting your payments!.
See this video on how Big Budah gets help to buy a used car in Salt Lake City. Don't be fooled with "Buy Here, Pay Here" used car lots (or jerked around). We have worked hard to find, select and finance you for your best used car, truck or SUV purchase.
See us help Big Budah get the car he needs-we can help you too! Come out to our dealership-3899 South Redwood Road, West Valley City. Visit us online at WestValleyAutoPlaza.com, or call us at 801-886-1700.
West Valley Auto Plaza’s goal is to get you back on your feet in a good reliable pre-owned vehicle that you can afford at a fair price regardless of your credit situation. This is what we’ve done for over 11 years now, and this is what we’ll do for you. Feel free to shop around and see what others have to offer. We know you’ll end up choosing us, because we are the best out there, and we won’t jerk you around!
