4 Common Buy Here Pay Here Myths
A Buy Here Pay Here Program is a great way to get financed if you can't get financed through a bank or credit union. If you've fallen on hard times and can't get financed for a car then Buy Here Pay Here is an excellent opportunity. There are programs out there that will finance you even if you have a reposession, foreclosure or bankruptcy. You can even get into a car with under $500 down. Don't let anyone say you can't get financed when you actually can.
There is a lot of confusion and misinformation out there on how it all works. I am here to clear everything up.
Myth #1
You can get into any car with little to no money down
While you can get into a great car with a little money down you can't get into every car with little money down. Our Buy Here Pay Here program is designed specifically for you. Which means that every situation is different. There is no one car for every person. When we sit down with you our goal is to get you into a car that fits your needs, not your wants. The biggest thing we take into consideration is your current situation more so than your past. The last thing we want to do is have you sign off on something that will put you in a tough spot again. The reason a lot of people are in a tough situation right now is because the bigger car dealerships and banks did not have your best interests in mind. They didn't consider whether or not you could afford the payments. They just sold you a car and passed you off to a bank.
Myth #2
Buy Here Pay Here cars are junk
This of course depends on where you are buying the car. This can be said about many car dealerships out there, new or used. At Econo Auto Sales we avoid this by sending all of our cars to mechanics upon arrival to our lot. We don't sell you the car unless it has had a full mechanical check up and is street ready. For example, if the car needs new tires or an oil change we take car of that. If the car needs to be re-aligned or needs transmission service we take care of that before we sell you the car. We have our mechanics check all major issues. We also offer full carfax reports on all of our cars as well as.
Myth #3
Going through a bank or credit union is better than going through a Buy Here Pay Here lot.
If you have good credit history then I would suggest that you do go through a bank or credit union for your financing needs. If you have fallen on hard times and can't seemed to get financed then Buy Here Pay Here car lots are the way to go. Why?
Because if you go to a bank or credit union there is no personal relationship to develop. Lets say you go to a car dealership and they put you into THE special finance category. Well, it would be the same terms you would get at a BHPH lot with one difference. The car lot will sell your loan to a bank and be done with it. If anything goes wrong with the loan then it is no longer their responsibility to deal with it. At Buy Here Pay Here lots you have an opportunity to actually sit down and meet the owners and the people you will be dealing with on a month to month basis. They get to hear and understand your story and why things have gotten tough for you. Because of that if anything goes wrong they are more likely to work with you and help you get back on your feet.
With a bank they will not take this into consideration. All you are to them is a number and if the numbers don't match then they will reposess your car.
Myth #4
Buy Here Pay Here lots don't help to improve your credit score
This of course depends on the car lot. Most of them do not. Some of them do but only if you request it. At Econo Auto Sales we offer this service upon request. We are not only here to sell you a car. We are here to create a lasting relationship. We understand that its not your fault the economy took a turn for the worst. Because of that we are willing to help anyway we can whether its to help fix your credit or get you back into a car.
Hopefully this article gave you a little better idea of how Buy Here Pay Here Financing works. There are options out there if you can't get financed. Don't let anyone tell you no. Let Econo Auto Sales help you, today!
http://www.econoautosale.com/
A Buy Here Pay Here Program is a great way to get financed if you can't get financed through a bank or credit union. If you've fallen on hard times and can't get financed for a car then Buy Here Pay Here is an excellent opportunity. There are programs out there that will finance you even if you have a reposession, foreclosure or bankruptcy. You can even get into a car with under $500 down. Don't let anyone say you can't get financed when you actually can.
There is a lot of confusion and misinformation out there on how it all works. I am here to clear everything up.
Myth #1
You can get into any car with little to no money down
While you can get into a great car with a little money down you can't get into every car with little money down. Our Buy Here Pay Here program is designed specifically for you. Which means that every situation is different. There is no one car for every person. When we sit down with you our goal is to get you into a car that fits your needs, not your wants. The biggest thing we take into consideration is your current situation more so than your past. The last thing we want to do is have you sign off on something that will put you in a tough spot again. The reason a lot of people are in a tough situation right now is because the bigger car dealerships and banks did not have your best interests in mind. They didn't consider whether or not you could afford the payments. They just sold you a car and passed you off to a bank.
Myth #2
Buy Here Pay Here cars are junk
This of course depends on where you are buying the car. This can be said about many car dealerships out there, new or used. At Econo Auto Sales we avoid this by sending all of our cars to mechanics upon arrival to our lot. We don't sell you the car unless it has had a full mechanical check up and is street ready. For example, if the car needs new tires or an oil change we take car of that. If the car needs to be re-aligned or needs transmission service we take care of that before we sell you the car. We have our mechanics check all major issues. We also offer full carfax reports on all of our cars as well as.
Myth #3
Going through a bank or credit union is better than going through a Buy Here Pay Here lot.
If you have good credit history then I would suggest that you do go through a bank or credit union for your financing needs. If you have fallen on hard times and can't seemed to get financed then Buy Here Pay Here car lots are the way to go. Why?
Because if you go to a bank or credit union there is no personal relationship to develop. Lets say you go to a car dealership and they put you into THE special finance category. Well, it would be the same terms you would get at a BHPH lot with one difference. The car lot will sell your loan to a bank and be done with it. If anything goes wrong with the loan then it is no longer their responsibility to deal with it. At Buy Here Pay Here lots you have an opportunity to actually sit down and meet the owners and the people you will be dealing with on a month to month basis. They get to hear and understand your story and why things have gotten tough for you. Because of that if anything goes wrong they are more likely to work with you and help you get back on your feet.
With a bank they will not take this into consideration. All you are to them is a number and if the numbers don't match then they will reposess your car.
Myth #4
Buy Here Pay Here lots don't help to improve your credit score
This of course depends on the car lot. Most of them do not. Some of them do but only if you request it. At Econo Auto Sales we offer this service upon request. We are not only here to sell you a car. We are here to create a lasting relationship. We understand that its not your fault the economy took a turn for the worst. Because of that we are willing to help anyway we can whether its to help fix your credit or get you back into a car.
Hopefully this article gave you a little better idea of how Buy Here Pay Here Financing works. There are options out there if you can't get financed. Don't let anyone tell you no. Let Econo Auto Sales help you, today!
http://www.econoautosale.com/
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