If you want a ride, but your bad credit puts a dampener on your dreams, go to a buy here pay here Houston dealership for the best deals. You may have your apprehensions about in-house financing offered by these dealers. But don’t fret too much.
There are more positives than negatives of buying from them. Instead of being sketchy as you may have assumed, buy here pay here dealers are reputable companies having a vast inventory of quality used vehicles. Also, they have viable purchase options for people with bad or no credit at all.
Here are the points that put them in a different league.
Easy Process of Buying
Buy here pay here dealerships sell used cars to people from all credit score levels. Even if you have a poor credit rating, you can buy a car that suits your budget at such dealerships.
“Despite a bad credit report, you can get a vehicle from buy here pay here dealerships.”
The buying process is straightforward. You can purchase and finance the car at the same time from the same place.
The payments go directly to the dealership from where you buy the vehicle. There are no picky loan terms or long waiting times to get approvals on your auto finance.
Though they usually advertise their loan programs with “no credit, no issues”, it doesn’t mean that a reputable dealership won’t do credit checks before lending money. They use credit checks as indicators of your budget to choose the right vehicle accordingly.
Add Decent Points to Your Credit Score
The good news is, when you go to buy a car from a buy here pay here Houston, your credit scores may also go up to a decent level. It rewards good timely payments because the reputable dealers send your payment history every month to the credit department.
Timely payments boost your previously poor scores and give you better chances of securing credits in the future. However, don’t forget to ask the dealer to provide you a copy of the report they send to the credit bureaus. It’s good for verification purposes.
Transparency in the Sales Process
When selling a car, in house financing dealerships Houston comply with the federal laws. Unlike traditional used car lots, they do not sell vehicles through third-party lenders. Buy here pay here dealers, instead, are the financiers subjected to the same federal laws followed by banks.
This means they provide you Truth in Lending notification. Also, they comply with the Truth in Lending Act, which binds them with federal laws to disclose the cash price of a vehicle to the buyer. The process is transparent as they clearly state the amount of finance and cash price.
Trade an Old Car
If you want to reduce your down payment, you can also pay by trading in an old vehicle at a buy here pay here Houston dealership.
Since these dealers are sellers, they can easily offer you a fair price and a loan so that you can drive off a new car. It’s a win-win situation for the buyers looking for a better car with low prices and easy finance.
Structured and Flexible Payment System
You will find multiple options to select a suitable payment method according to your financial standing. This is a significant benefit of buying vehicles from buy here pay here dealerships Houston.
They adjust the down payment and tenure of payments according to your monthly income. Also, you can reduce the interest by paying a larger down payment upfront.
“Pay larger down payment to reduce the interest on your loan.”
Remember, the in house financing Houston programs are designed to prevent you from missing the payments or defaulting on your car loan. They not only promote your financial responsibility but also take your credit scores a few notches high.
These are some ways in which buy here pay here dealers differ from traditional car dealerships. At Liquidators Auto Sales, we strive to make the process simple and quick for the buyers wanting a car despite poor credit score.
Liquidator Auto Sales is a Trusted Name in Buy Here Pay Here Houston
Liquidators Auto Sales is a Houston-based buy here pay here dealership with a wide range of used cars. We offer flexible loan programs to help you buy your dream vehicle with easy financing. Call 713-681-1200 today to speak to our advisors or contact us.
What Makes Buy Here Pay Here Dealerships Different from Traditional Car Lots? | Liquidator Auto Sales – Houston, TX