If you’ve ever driven down La Brea Avenue, you may have noticed a group of car lots offering deals on various vehicles. Many of these dealerships are buy here pay here (BHPH) dealers, and aren’t like traditional car lots. What makes them different? Keep reading to find out.

Buy Here Pay Here Dealers in Inglewood

Buy Here Pay Here Car Dealers in InglewoodBHPH dealerships offer in-house financing, which means they’re both the lender and the dealer. If everything goes smoothly, you could buy a vehicle and get financing all in the same day, at the same place.

What makes these dealerships a popular car buying option for residents in Inglewood and Los Angeles is that they don’t run credit checks – meaning you could have bad credit or no credit history and still get approved for an auto loan.

Instead of looking at your credit for approval, BHPH dealers look at other factors such as income and down payment. As long as you have the necessary income, you shouldn’t have an issue getting approved.

However, keep in mind that since these dealerships don’t run credit checks, they may not report any on-time payments you make to the credit bureaus – so your credit score isn’t going to improve over time with one of these car loans.

You should also be aware that you may need to make loan payments in person, your vehicle options may be limited depending on what’s available, your interest rate is going to be higher than average, and you may need to make a large down payment. This all depends on the dealer you’re working with.

Other Bad Credit Car Buying Options

If you’re not sure about a buy here pay here dealership, or you’re looking to improve your credit with an auto loan, it doesn’t hurt to try to get pre-approved with a traditional lender.

Another option to consider is a subprime lender. These lenders work with special finance dealers and help credit-challenged consumers get car financing. They look at your credit reports and credit score, but also consider your income, down payment, and residence stability, to name a few things, to extend an approval.

Just like a BHPH dealership, your interest rate is going to be higher than average, and you almost always need to make a down payment. However, these lenders do report on-time payments to the credit bureaus, so you can improve your credit score with one of these loans.

Need Help Finding a Dealer to Work With?

No matter where in Inglewood, or anywhere else in California, you live, Auto Credit Express can help you get connected to a local dealer that has the lending resources you need.

It can be frustrating to figure out where to go, but with our help, you can be matched with a local dealer that’s right for you on the first try. We work with a national network of special finance dealerships that have the right lenders people with poor credit.

There’s no obligation to buy, and our service is always free. Don’t go driving around Inglewood looking for a dealership – fill out our auto loan request form to get started instead!