If you are considering buying a used car but can’t get approved for a traditional auto loan, you may want to consider looking at buy here pay here dealerships near me. While buying from a dealership may be convenient, you’ll have to deal with high interest rates and high down payments. While it’s best to shop around first before committing to the buy here pay here option, you can still improve your credit score by making your payments on time and in full.
Right Choice For You
Unlike traditional car dealerships, buy here pay here dealerships near me offer in-house financing that allows you to pay for your car with a small down payment. If you meet the requirements, the dealership will then match you with a vehicle that fits your budget and your qualifications. This isn’t always the car you want, and you may have to pay more than what’s considered fair value. This is a great option for those who can’t get a traditional loan.
If you can’t qualify for a traditional auto loan, a buy here pay here dealership may be a good option for you. Many buy here pay here dealerships require customers to make weekly or monthly payments to finance their purchase. These monthly or weekly payments can be very cumbersome and can be quite frustrating. Plus, the interest rates are ridiculously high – you’d be better off looking for a traditional used vehicle dealership.