Buy Here Pay Here Car Lots

For the most part some dealers have been providing useful information on how to get financed for a vehicle, even though they cannot approve everyone that comes on the lot. Some customers may have credit but no money coming in every month. Then you have people that have bad credit and also no money down. Typically if your credit is bad you are going to need at least $500 down and possibly a few references in case they assume you are going to run off with the vehicle and never come back again.

Some of the vehicles come with tracking system in case you miss payments or fail to return a car in case of default. These tracking devices are normally the new norm due to high technology and most cars new or used has some sort of device in today’s world. Let’s face, we live in a different time and some auto dealers and auto brokers need to cover their assets at all times.

Vehicle can be very expensive but one must wonder if you really should be paying on a car that has the potential to lose value over time. When selecting a new or used vehicle we always like to recommend you to have the knowledge to purchase the right car. When deciding on a vehicle you can look at several different factors including the miles, the gas, and what type of engine the vehicle is. The brand is important but we highly suggest Chevy, Ford or Toyota.

For all you can tell that the better the car the more it can cost so you must try to find the best deal out there for what you can afford. Some go out and want the most stylish their money can buy and some only want the basic car that can get from A to B without any problems. If this is a top concern then you have arrived at the right website that can insure you the vehicle protection by getting a warranty.

A power train warranty on a used car typically will cover the engine and transmission. These two parts are the most expensive and can cost anywhere from $500 to $5000 depending on the make and year. This is why getting a warranty on your buy here pay here vehicle is important even if you have to pay a monthly warranty payment that can be added to the car in most cases.

After you have taken the time out and visited many different car lots be sure to make sure you discuss the finance options before test driving a certain car that way you do not fall vulnerable to the wrong payment. The wrong payment can be a very high interest rate or a very low rate. The main thing standing between you and a low rate is the power to choose other options. When you have more than one option in terms of financing a car it allow you the chance to negotiate and get exactly what you need versus having to just settle for whatever is thrown at you.

CAR LOAN BROKERS Toll Free: 1-888-357-7779 8am-6pm mon-fri

As one of the best auto loan brokers in the industry we at know how important it is to make sure the customers are able to find a dealership that can give them the right financing. The better your income and credit the more willing you are in getting the best rate. Some rates are high and some can be very high.

What we do is make sure that the negotiation process is painless and easy. The more offers that you get from your auto loan broker the better!Some auto loan brokers are in fact able to secure you with a payment by having those terms locked in. When you have terms locked in you can simply find the vehicle that meets your needs. The next thing you will need is a down payment. Some car lots in this section will ask for you to come up with $500-$1500 down on a typical vehicle. However if you decide to want to purchase a car over $20,000 you may be stuck with needing a little bit more if your credit is not up to par.

Also make sure you have the income monthly so that way your debt to income ratio is not in a situation that puts a strain on your monthly obligation. Your debt to income ratio including the car payment should be under 50%.  Allow us to shop your loan and help you find the best bank or finance company to best fit your car lending needs.

If you may want to get started on this process feel free to call any on here that can help answer questions so that way we can steer you in the right direction.

You can get started by submitting your application for various auto brokers and lenders Below:

Note* This website or site owners will not receive any commissions, compensation or referral fees from your submission.

22 thoughts on “Buy Here Pay Here Car Lots

  1. Yep, I did it. I found a car that I want however I am still wanting someone to approve my car loan because after all. The better the rate the better the deal. Yet for some time I keep getting higher quotes. My insurance premium is low for m auto insurance but where can you provide me with some ideas?

    • Well what you can do is fill out the application here on the site depending on your location. A rep should be in contact with you to isure you get exactly what you are looking for in terms of a good rate. I wish you the best of luck finding one.

    • Buy here pay here uses in-house lending to help you get your car. They typically do not car about your credit, however a traditional dealership takes credit into consideration on every vehicle and loan.

  2. This may seem a bit crazy but for a moment I thought I had bad credit yet when I spoke to one of your reps they told be that I can go with a zero down loan. Does this makes since. I make close to 3k per month and I have a apartment that I share with my roommate. If my credit is good, should I buy a house first or should I get a car loan?

  3. Not knowing much about financing and all the things that come with getting a car, the rep over the phone was quite helpful. I left out a question however, do you know if there may be a chance that they can give me an extra $5000 because I saw this car that I really like and the price was in the neighborhood that I want.

    • Congrats. As far as getting an increase in your purchase limit, you are going to need to speak with your loan consultant to check if this is possible. 5 grand doesn’t seem like a lot so this may in my opinion be okay.

  4. Without all the things that come with a warranty, do you know if I should ask for an extended warranty to be included in the car or should I just pay up front. I heard that most buy here pay here dealers are required to give a warranty upfront for at least 12 mos.

    • Yes, warranties are important, so going with a 3 year or 5 year term is maybe best for you long term. We highly suggest going with at least a power train warranty if nothing at all. Power train car warranty will cover the most expensive items like the engine and transmission.

  5. Now that I’ve gotten my approval, do you know if there may be anyway that the dealers can add my cousin on to the note. He wants to share the vehicle with me because we are now sharing 50% of all expenses. Please let me know.

    • Adding your cousin my be okay depending on her income and age. Some people that do not have a strong financial setting may not be good and could even harm your chances. So please talk with her before you do. Also if she does harm your chances versus help you can still eliminate her on the application and then apply solo. This will not hurt you at all to remove an applicant.

  6. We actually applied about 2 days ago and the dealer asked us to come down and see the cars that he has for us. Problem is my schedule does not permit to go until this weekend, 4 days from now. Will my approval still be valid or should I need to re apply for another one?

  7. I am excited about the deal that was just made, they allowed me to drive home with the car today. Thing is i can quite remember if there is a warranty. I know the auto insurance price is good, but how can I tell if this warranty is valid and will it cover most of all the car from bumper to bumper.

    • Well, congrats on your new car purchase. As far as the warranty you are gong to need to contact the dealer about that. Typically most BHPH dealers offer at least a minimum 1 year warranty on all used cars. I hope this helps.

  8. Having a car to get around is essential, however if the car is not running it can set us back a lot. Not only in car repairs but also the cost of transportation to get to and from work everyday. How can I make sure that the dealer will give us a loaner car or the warranty may cover any kind of issues in terms of getting a rent a car when buying a buy here pay here car from the car lots.

  9. After getting my first truck last December my brother has decided that he wanted the same kind. Do you think we can find a dealership that can help him with his credit and give him a 2010 Chevy pickup truck for under 12k?

    I know it may be asking for a lot however he has been on his job for 8 years now.

  10. I just purchased car car last month, however there is something about it I just don’t like anymore, do you think I should ask for a trade-in or will they allow me to switch vehicle, I only put 87 miles on it since I purchased it.

  11. As far as my loan is concerned things look fine, thanks to the rep I spoke to over the phone. Can you tell me how long will it take for me to get the keys, I want to have a new car by next friday because my off day is on thursday to go out and look for vehicles.

  12. I just got out of a bankruptcy yet my credit score is around 700. Do you think that I can still get approved even though it’s been only 1 month since the discharge. I keep getting calls from different credit card companies trying to sell me a credit card.

  13. This is my first time purchasing a vehicle and for the most part the first time I visited a buy here pay here car lot. Can someone tell me what is the best chance I have in getting a loan. I just started working my first job 3 months ago and have been told from some people it is easy, and from others that it can be difficult. Just want some clarification.

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