While walking through an auto dealership and test driving cars, you find yourself wondering if buy here pay here no credit check in Houston is right for you.
Well, before we get to that, let’s understand what buy here pay here means.
What is Buy Here Pay Here?
What do you do when you want to buy a car?
You visit a car dealership. You test drive cars. You choose the car you want to buy. And then you go out looking for third-party lenders for financing.
But here’s the hitch. It may take a long time – days or weeks on end to find a lender. And if you do find one, there’s no guarantee you’ll qualify for a loan.”
“Find the perfect solution to finance your car when you have no credit.”
This definitely puts you in a tough spot, but don’t worry.
That is where buy here pay here no credit check in Houston from Liquidators Auto Sales comes in. Our team provides the perfect solution to finance your car when you have no credit, bad credit or don’t qualify a traditional loan. We offer in-house financing to make it easier for you to drive out in your dream car without having to search for an external lender.
Should you go for Buy Here Pay Here Financing?
While buy here pay here is a great way to finance your car, you have to consider all the details before signing a contract.
Check the contract for the rate of interest, fees associated with lending, repayment terms, and any hidden costs. Assess the legitimacy of the dealership with emphasis on reputation and honest dealings. Read consumer testimonials and online reviews of the dealer. Check whether they offer quality cars within your budget.
Sounds overwhelming, no? Well, with so much to consider, how do you know if buy here pay here is right for you?
Let’s take a look at the merits and demerits of financing your vehicle through buy here pay here dealerships for better understanding.
Merits of Buy Here Pay Here
No Credit Check
Yes, you heard it right! Whether you have poor credit or no credit, they’ve got you covered. With buy here pay here no credit check in Houston, you can buy your favorite car and drive out in style.
Buy here pay here dealers don’t need your credit score as a precondition to process your loan. If you have good credit, this may not be of much importance to you. However, if you have bad credit, this can be a big benefit. So don’t let your temporary financial troubles affect your lifestyle!
Build Your Credit Profile
Wouldn’t it be great if you could buy a car and build your credit score at the same time? Well, that is what happens when you buy a car from buy here pay here no credit check Houston auto dealerships. They may report your timely repayments, which may help rebuild your credit score.
“Buy here pay here dealers may report your timely repayments, which in turn may help rebuilding your credit score.”
Quality Used Cars
Buy here pay here dealers conduct a 50-point quality assurance inspection. And they give you a complimentary full vehicle history report on every purchase. Many dealers like Liquidator Auto Sales will even offer you a free warranty.
A research report by IBIS World found that over the past five years, the “used car dealers in Texas” industry has grown by 4.0% to reach revenue of $13 billion in 2017.
Buy here pay here provides in-house financing, and with it comes flexibility to repay the loan. You can choose from various weekly, bi-weekly, and monthly repayment schedules.
This has helped us convert a majority of our potential buyers into thousands of happy and returning customers.
Demerits of Buy Here Pay Here
High Rate of Interest
Most buy here pay here dealerships offer financing at substantially higher interest rates than traditional bank loans. This is best for people with bad credit or no credit as it’s easier to get good rates and financing from these dealerships than banks.
If you do your homework right and research your dealers thoroughly, you could land yourself a great deal. For example, Liquidator Auto Sales offers competitive interest rates. In fact, you can fill out a form and apply now to get online pre-approval for your next purchase.
Hidden Fees and Costs
Dealers may neglect to tell you about the total costs involved. You should review the contract carefully and look for any hidden fees. Remember to always read the fine print before signing any contract. Go over the paperwork and look out for the following:
- the price of the car is as you agreed upon
- administration fee
- fee for auto inspection
- the delivery fee, if any
“Review the contract carefully and look for any hidden fees.”
Huge Down Payment
Usually, buy here pay here dealers ask you to pay a hefty amount of money when making a down payment.
This helps them safeguard their investment in case you default on your repayments.
However, many dealerships will also accept trade-ins in lieu of a large down payment.
On the other hand, some dealers also offer great cars at a modest down payment.
Buy Here Pay Here No Credit Check in Houston at Liquidators Auto Sales.
Based in Houston, Liquidators Auto Sales offers a huge selection of new and used cars. We have 20 years of experience in the buy here pay here industry in Houston. We help you buy the car you’ve always wanted without worrying about your credit history.
So, what are you waiting for? Call 713-681-1200 or contact us online today and speak to our experts.
Is Buy Here Pay Here Right for You? | Liquidator Auto Sales – Houston, TX