What is a buy here pay here car dealer?
Buy here pay here car dealers offer in house financing for people with bad credit. Often these "We Finance Dealers" approve auto loans with no credit checks. They can do this because payments are made directly at the used car lot. There are benefits and pitfalls to buying a car at a buy here pay here car lot.
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!
4 comments:
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Hi there this is such an impormative post. Thank you for sharing. Cheers!
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