9 Reasons to Shop at a Buy Here Pay Here Dealership
If you're in the market for a new (or new-to-you) car but don't have the best credit, you may be wondering if a buy-here, pay-here dealership is the right choice for you. Here are 9 reasons why a BHPH (Buy Here Pay Here) dealership should be your go-to spot for low-credit auto shopping.
The Truth About BHPH Dealers
No matter where you turn, it seems like everyone's got an opinion on buy-here, pay-here dealerships. But what do they know? Unless they've shopped at a BHPH dealership, they're just regurgitating the same old myths and stereotypes.
Many of the myths or stereotypes you might hear about BHPH dealers are rooted in the fact that many BHPH dealerships are run by people who aren't necessarily familiar with or respectful of consumer rights. The stereotype is that these types of folks prey on people, selling them vehicles and refusing to work with them until they're "up to date" on payments.
The truth is, though, when you shop at a buy-here, pay-here dealership like BHPH of Houston, you're not buying from just any dealer. You're shopping at an independently owned business that's been serving the community for almost 20 years.
At Automax of Jonesboro – we know that everyone's situation is different and understand that life happens. That's why we take the time to get to know our customers and put in the hard work to help each of them find a path forward to a vehicle they can afford and love to drive.
The absolute truth is that BHPH dealerships offer a unique and valuable service to shoppers with less-than-perfect credit. Here are 9 reasons why a BHPH dealership should be your go-to spot for low-credit auto shopping:
1. You can get financing with bad credit or no credit.
Buying a car is typically harder with a traditional auto loan if you have a low credit score with credit unions or no credit at all. At a BHPH dealership, though, that's not always the case. Many quality used car dealers offer in-house financing options, so they can find or provide car loans even if you have poor credit.
The way BHPH car lots typically can offer in-house financing options is by reviewing income, not just credit scores. This is one reason why they're able to work with a much wider spectrum of customers than traditional car dealerships that mainly work with good credit customers.
Income isn't the only factor though, BHPH car dealerships will also do a credit check to review your payment history, outstanding debt, and other situational factors like repossessions, bankruptcy, and/or hospital bills that are on your credit history to determine the right loan amount for you that fits your monthly payments you desire.
2. The approval process is quick and easy.
At BHPH dealerships, you don't have to worry about your credit score holding you back on the approval process. Instead, the approval process is quick and painless. Many dealers will approve you on the spot with usually no lengthy application forms or frustrating waiting periods required.
Here at Automax of Jonesboro, we can get a car loan approved for you extremely quickly. All you need to bring for approval is your government-issued photo ID, proof of residency, proof of income, and any required down payment. We'll take care of the rest!
3. A down payment is typically lower than a traditional dealership.
Another common myth about BHPH dealerships is that you often have to put down a large down payment. While this can be the case in some places, many BHPH dealers offer competitive financing options with a low down payment and no trade-in required.
Depending on the vehicle you are wanting, your credit history, and various other personal factors your down payment could be as low as $500. If you're not concerned about a low down payment, then you can also opt for a higher down payment, which may be a better idea if you're going to trade in your vehicle.
4. You can negotiate the price of the car.
Negotiating the price at a traditional dealership can be tough, especially if you have bad credit or no credit. However, that's not always the case at BHPH dealerships. Many will let you negotiate the price of the car just like anyone else, so you can get a fair deal on your dream vehicle.
The price of the vehicle varies based on several different factors including the make, model, and year. So, it's best to talk with the car dealer's sales representative so you can find out what options are available in your budget.
5. The car selection is typically wider than at traditional dealerships.
Since BHPH dealerships typically offer in-house auto loan financing, they're less concerned with your credit score when deciding which cars to stock on their lot. This means that you'll often have a wider selection of cars to choose from than you would at a traditional dealership. This greatly benefits you because it gives you the ability to choose your perfect car, even if you have poor credit.
6. You can get a warranty on your vehicle purchase.
Did you know that many BHPH car dealers offer warranties on the cars they sell? This means that if anything goes wrong with your newly purchased vehicle, you can rest easy knowing that the dealership will handle the repairs at no cost to you. Here at Automax, we offer a 2-year/24,000-mile warranty on our vehicles in stock. Whether it is your first vehicle or your newest used car, we have you covered!
7. You don't have to worry about getting " upside down " on your car loan.
Another common misconception about BHPH dealerships is that you can get " upside down" on your car loan - meaning that you owe more on the vehicle than it's worth. While this can sometimes happen at BHPH dealers, it doesn't always have to be the case. Some will work with buyers to make sure they don't take on too much debt and the loan terms fit the buyer's need, so you can enjoy worry-free car ownership.
This is why at Automax of Jonesboro we make sure you're getting the best deal for both you and your monthly payments. We don't want you to be "upside down" on your auto loan, so we'll work with you to get an affordable car that meets your needs.
8. You can make your payments at the dealership.
Traditionally, car payments are made at a bank or a few lenders outside of the dealership. However, some BHPH dealerships will let you make your payments right in-house. This is a huge convenience that many shoppers find invaluable.
The reason being is that it allows you to keep track of your payments and stay on top of your finances. Plus, it gives you easy access to the sales team if you have any questions about your account or need help making a payment.
If you're considering buying a car from a BHPH dealership, be sure to do your research so that you can make
9 . You build up your credit with each on-time payment.
One of the biggest advantages of buying a car at a BHPH dealership is that each on-time payment you make will help improve your credit score. This means that you can slowly rebuild your credit with each on-time payment and eventually qualify for better financing options in the future.
If you're looking for an auto dealership that can help you get the car you need with bad credit or no credit, a BHPH dealership might be right for you. With competitive financing options and a wide selection of cars to choose from, Automax of Jonesboro is a great choice for low-credit car shopping. Plus, we report your credit to credit unions to help build your credit for the future.
A buy-here-pay-here dealership is a perfect choice for low-credit auto shoppers. With flexible financing options, quick and easy approvals, and great deals on cars, there's no reason not to shop at a BHPH dealership. Plus, you can rebuild your credit with each on-time payment! So what are you waiting for? Contact us at Automax of Jonesboro today!