Buy Here Pay
Here Car Lots

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If you're looking for bad credit car financing that offers guaranteed approval, one option you might consider is a buy here pay here car dealership near you. More and more people are suffering from poor credit scores and are being turned down by traditional lenders and at car dealerships. Auto Credit Express is here to tell you that you're not alone, and that we can get you the financing you need regardless of whether you have good credit, bad credit, or no credit.

Buy Here Pay Here Dealerships are Different

Before you can understand what makes a BHPH dealer different, you need to know what it means. Buy here pay here financing means that you arrange a loan and make payments on it at the dealership. You purchase the car, truck, SUV, or minivan through in house financing car dealerships instead of through a third party lender.

Many things separate these dealerships from traditional lenders, but the biggest is the shopping experience. Here at Auto Credit Express, it is our goal to connect you with the lenders and dealers that will get you a loan within your budget, so you can make each payment on time and comfortably. This is why the BHPH car dealerships we send you to discuss your financial situation first. Before you get your heart set on a car you can't afford, their financial experts will sit down with you and figure out exactly how much you are approved for, including your interest rate and loan terms. Then they will find a car that fits that mold.

Along with the shopping experience there are other things that separate buy here pay here car lots from other used car dealerships and these include:

  • Loan repayment structure
  • No credit check required
  • The types of vehicles sold
  • Interest rates

Buy here pay here dealerships will structure your loan or rent to own terms to meet your pay schedule. This means if you get paid weekly then you will have an affordable weekly payment; if you're paid bi-weekly then you will have a bi-weekly car payment. This is especially helpful when you need low payments.

Generally, these car dealers don't care about your credit score, which is why they are so popular among consumers with bad credit. Since they don't perform a credit check when you apply for auto financing, there is a guaranteed approval to anyone with a steady income.

Most vehicles sold on the BHPH car lots are older pre-owned cars. This doesn't mean they are junky and unreliable. Auto Credit Express works with the most respectable and credible dealerships throughout the United States and Canada. That means all the cars sold are quality second hand cars, trucks, and SUVs with dependable engines.

The interest rates on these loans do tend to be higher than on traditional auto loans. This is because the dealer is not giving you the money, but instead financing the vehicle on its value. There is a higher probability of default and risk to the dealer so they raise the interest rates to cover any possible loss.

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Take Advantage of BHPH Benefits

As demand has increased for no credit check financing, more dealerships have opted into buy here pay here programs. There has been a big boom in the industry over the last few years, and you can take advantage of many of the benefits they provide such as:

  1. Available Cars, Available Credit. The most important benefit to BHPH loans is that it gives credit challenged people the opportunity for transportation that they need.
  2. Trade-In Flexibility. These dealers understand the value in late model vehicles and can re-sell them on their lots easier than a traditional lender. Therefore, when you are trading in an older car that other dealers won't even consider, a BHPH dealer might.

Apply Online for Car Loans through BHPH Dealers

When you're on the hunt for a dependable used vehicle with an affordable payment, you should start your search online. At Auto Credit Express, we can find you the bad credit auto financing you need within minutes, and have you at your local buy here pay here car dealership in no time. Obtaining a pre-approval will help you stay within your budget when searching the lot for your next vehicle.

Once we have received your application we will set an appointment up with a trusted dealership in our network that is willing to extend you a loan. They will help get the financing to meet your needs, and then help you pick out a low mileage and reliable vehicle, and you can drive it home the same day!

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Is Buy Here Pay Here Financing Right for You?

With guaranteed credit approval, no credit checks and weekly/bi-weekly payments, a bad credit car dealership may seem like the perfect deal. While it is a very good choice for car buyers with very bad credit scores, it's not for everyone. If you have a low credit score, there is a chance you can still qualify for a bad credit auto loan from a traditional dealership in Auto Credit Express' network.

When you purchase a car from a buy here pay here dealership with good or fair credit, you can experience some downfalls. The disadvantages of these dealerships include:

  • Weekly payments at the dealership - This may be beneficial for some people who need cheaper payments, but for those that don't live near the dealer it can just be a big inconvenience.
  • Short loan terms - Most auto loans from a BHPH car lot are for 12-24 months with a higher interest rate. This can cause you to have a higher monthly payment than you would from a traditional dealership on the same vehicle.
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