Buying a car is nothing short of a confusing time when you have less than stellar credit score. Practice and knowledge can help in this process. When you get turned away by banks due to weak credit, visit a buy here pay here Houston dealership.
If you’re wary of their in-house financing process, don’t be. Mostly, in-house dealerships in Houston do not base their decisions on your credit scores. With a small down payment, two recent paycheck stubs, and a few other formalities, you can drive home in your vehicle.
“You need a small down payment to apply for in-house financing.”
Here’s all it takes:
Plan Ahead and Ask Your Questions
Remember this- not all buy here pay here dealerships are the same. So, before going to their lots, ask some pertinent questions as a part of your investigation. Don’t have ideas on what to ask? Ask these questions to dig deeper:
- Does my credit score matter for getting the loan?
- Is it difficult to finance any particular vehicle?
- How much down payment do I need?
- Are there any risks in an in-house financing plan?
- What is your late payment policy?
- How can I make repayments?
Make a list of questions that pop in your mind. If you forget to ask something, make sure you have the contact number of the dealership to clear your doubts, whenever.
Choose Your Car
While you can go for in-house financing Houston even before selecting a vehicle, it makes more sense to check out their inventory beforehand. Find a car that suits your budget, requirements, and lifestyle.
When walking through the lot, check the mileage of the vehicles you like, ask about warranties, look up the VIN number, and test drive the car you want the most. Also, get the car checked by a certified mechanic to look for any mechanical snags under the hood.
Have the Right Documents on Hand
Speed up the process of in-house financing by carrying the required documents with you when you walk into the dealership. Some requirements may vary due to your unique financial needs.
But, documents that are anyhow needed include your valid driving license, bank account details, proof of vehicle insurance, social security number, current utility bills, paycheck stubs, and residence proof.
Call the dealer before your visit to be prepared. Unlike what some people may believe, this industry isn’t shady or unregulated. They follow the same regulations that apply to traditional car dealers. So, your privacy is protected, and you’re in safe hands when you deal with them.
Select the Right Payment Methods
As buy here pay here Houston dealerships offer you finance even in the worst credit scenarios; they are a little uptight about payment methods. You have nothing to be worried about, though. They don’t accept money orders or check for fear of bouncing up.
Mostly, they will ask you to make a weekly or bi-weekly payment. You can pay in cash, opt for automatic debits from the account, or make online payments. Ask the dealership about acceptable methods and set up an option that suits you.
Check the Late Payment Policy
No matter how hard you try to pay every installment on time, sometimes, life happens. There may be instances where you aren’t in the right spot to make the payment. Instead of waiting for the dealer’s reaction, ask them about their late payment policy at the time of taking the loan.
Check if they repossess the vehicle on the day after the due date, offer a grace period, or will they remind you about the due date if you’re late.
“Always check the late payment policy of the dealership before in-house financing.”
Don’t Forget the Trade-Ins
If you want to trade-in your existing vehicle, check it out with the dealership. Your old car can help to reduce down payments or decrease the amount of loan offered by the Houston used auto sales dealership.
Being sellers, these dealers can offer a fair value for your old vehicle. So, it’s a win-win situation for you.
Finally, close the deal, sign the contract, and rejoice. Don’t hesitate to clean up your doubts. At Liquidators Auto Sales, we are here at every step of the way to make this process easy and hassle-free for you.
Liquidator Auto Sales Is Your Best Option for Buy Here Pay Here Houston
Liquidators Auto Sales is a Houston-based buy here pay here dealership offering a huge inventory of used cars. We offer flexible in-house financing plans to help you buy your dream vehicle. Call 713-681-1200 today or contact us to talk to our experts.
What Goes into the Process of Buying a Car from a Buy Here Pay Here Dealership? | Liquidator Auto Sales – Houston, TX