Consumer Car Buying Advice Blog

There is only one way that a car dealer can guarantee a customer that they will get financed. Even though it may seem like a great idea, you might want to look a little closer before putting your money down and signing on the dotted line.

How does the guarantee work?

Here at Auto Credit Express, we’re very familiar with ads that state “Guaranteed Car Finance”. Other names for these types of dealers are “Buy Here Pay Here” and “Tote the Note”. In each case, the dealer where you purchase the car also finances the loan. When the time comes to begin paying off the loan, you make payments directly to the dealer on either a weekly, bi-weekly or monthly basis.

Guaranteed Car Finance dealers have helped many people – who otherwise might not have been able to get financed – buy a car. Because these dealers fund the loans, themselves, they don’t require credit checks. Unfortunately, this also means that the timely payments you make on your car loan don’t improve your FICO score.

An alternative that makes sense and is more convenient

For those customers with no credit history (and no co-signer), a low monthly income and short job time, a Tote the Note dealer is probably their only choice. But many customers who feel that a “buy here pay here” or “buy now pay later” arrangement is their only choice may be surprised at the options that they truly have.

For years, Auto Credit Express has been helping people with credit problems purchase new and dependable low-mileage used cars. Our network of affiliated dealers, who specialize in bad credit car loans, work with the lending companies to get you approved. Your credit report will get checked, but once you are approved, your timely monthly car payments will help rebuild your credit score and reestablish your financial future.

Visit Auto Credit Express on the web

If you need to buy a car and think that your only option is a “buy here pay here” dealer, go to www.autocreditexpress.com. Our web site explains the financing process with an FAQ page and other resources. Once you’ve made a decision to apply, our secure online car credit application allows you to submit your application in the comfort and security of your own home. Let us get you into a new or pre-owned car while rebuilding your credit at the same time.

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