Do I Qualify to Purchase a Buy Here Pay Here Used Car?
Apply For Financing and Find a Used Car to Call Your Own
If you’re shopping for a used car and have no or low credit, it’s likely that you’ve run into a few roadblocks. Banks, credit unions, and other third-party lenders rely heavily on your credit score, and if it falls below their requirement, it can be hard to receive an auto loan from these institutions.
Fortunately, buy here pay here used car dealershipsgive drivers with poor credit an opportunity to purchase their own car. These dealerships distribute loans based on other qualifications - but not your credit score.
Wondering whether you qualify? Here’s what you’ll need to purchase a buy here pay here used car and how to get started today at these one-of-a-kind used car dealerships.
What Is a Buy Here Pay Here Used Car?
A buy here pay here used car is no different from one you’d find at a traditional used car dealership - except for how it's financed. Buy here pay here used car lots operate with in-house, no-credit financing. Rather than making car payments to the bank or another lender, you pay the dealership instead.
Buy here pay here used cars are an incredible option for drivers with little or no credit to finance their own vehicle. If you’ve been denied because of poor credit history in the past, these dealerships allow you to get in the driver’s seat of a high-quality, reliable vehicle for an amazing price.
Qualifying to Buy
Unlike other used car dealerships, buy here pay here dealerships don’t perform a credit check. Instead, they distribute loans based on proof of income and a few other factors. Even if your credit score isn’t quite where you’d like it to be, you can still receive an auto loan from a buy here pay here used car lot.
Though these dealerships are primarily for drivers with poor credit, anyone can purchase a buy here pay here used car. There are a few things you’ll need to qualify:
A valid driver’s license or state-issued ID
Your most recent pay stub
A bill addressed to you within the last 30 days
And if you aren’t sure whether you’ll qualify all on your own, most buy here pay here used car dealerships also accept co-signers. Just include all their information on your application and ensure they have the documentation needed to purchase a used car.
What Will I Find on a Buy Here Pay Here Car Lot?
No matter what make and model you’re looking to drive, you’ll find a wide variety of cars for sale at buy here pay here used car lots. Shop cars, trucks, and SUVs from top manufacturers and luxury brands.
How To Apply for Buy Here Pay Here Financing
Applying for a buy here pay here used car loan is easy. If you meet all the qualifications, you should have no problem getting approved and on the road. Every dealership works a little differently, but most give you the option to apply online or in person.
To apply for no-credit financing, you’ll need to fill out a quick application that includes your personal and employment information, as well as what used car you’d like to buy. You’ll also include your cosigner’s information, if applicable.
If you need help completing the application or understanding your financing options, the staff at a used car dealership near you can answer any questions or concerns you may have.
How Do I Make Payments On My Used Car?
Once you’ve received a loan from a buy here pay here dealership, you’ll pay it off by making weekly payments directly to the dealership. Depending on what’s most convenient for you, you can pay in-person or through an online portal.
Most dealerships will also record your on-time payments and report them to credit bureaus, allowing you to repair your credit score as you drive your new used car.
Build Your Credit at a Buy Here Pay Here Used Car Dealership Near You
If your credit score has held you back from receiving an auto loan in the past, a buy here pay here used car could be just what you’re looking for. Not only will you be able to get on the road in a vehicle that’s all your own, but you’ll also rebuild your credit score at the very same time.
Applying for buy here pay here financing is the first step in purchasing your new used car. To get started, just contact a here pay here used car dealership near you to learn more about their no-credit financing process.
