When you are searching for a car and if you have severely damaged credit, it can be extremely difficult to find a dealer, on your own, who can help you.
In some cases, you might be inclined to go to a dealership that provides guaranteed auto financing without a credit check. These types of car lots, known as Buy Here Pay Here or In-House Financing dealers can be beneficial to you, but only if you are careful about which one you work with.
The Cost of Convenience
These dealers are commonly known as Buy Here Pay Here dealerships for a reason. The vehicle buying process is fast: all the dealer will need is your residence information, income, and how long you have been employed at your job. From there, they will show you a selection of cars that you can afford. However, the vehicle choices may be limited, and the payments will be high in relation to the vehicle's actual value. Also, because of the amount of risk involved for the dealer, payments will likely need to be made at the dealership weekly or bi-weekly instead of monthly. If the dealership you are working with isn't on your daily route, this could become a problem.
Another thing to remember is that not all BHPH dealers report your payments to the major credit agencies, since they don't need to run credit checks. If credit repair is one of the goals you are seeking to achieve through an auto loan, be sure that the dealer you are working with reports your payments.
Connect with the Right Dealer
Auto Credit Express has a nationwide network of reputable bad credit car dealers, which takes a lot of the guesswork out of your hands. We have helped bad credit and no credit car buyers find a suitable dealer for their needs within 48 hours, and we can do the same for you.
If you are seeking fast auto financing, get started today by completing our quick and obligation-free online application. From there, we will contact you to arrange a meeting time with the dealer that can help you. There is a better way, let us help you get there.