If you’re worried about purchasing a vehicle without great credit, don’t be. We are here to help! GT Auto Sales offers Buy Here Pay Here, <h2>In-House Financing</h2>, and the best third party lending options for your particular circumstance. In this blog we will answer a few questions that will help ease your mind when it comes to buy here pay here options, and if it’s right for you.
Does a buy here pay here build credit?
Yes. One of the best ways to improve your bad credit is with an auto loan! If you make timely payments on your buy here pay here car loan, then dealers will report that good credit activity to your credit reporting agencies. Big payments like car loan payments can improve your credit score quickly.
Buy Here Pay Here VS Financing?
Instead of making monthly payments to a traditional lender, such as a bank or credit union, you make weekly or bi-weekly payments at the dealership. By purchasing the vehicle through dealer financing. You may ask yourself what the difference between a <h1>buy here pay here dealership</h1> and traditional dealers is, and the answer is very little. In fact, a growing number of traditional new and used car dealers have begun to offer services normally associated with tote the note car dealerships.
At a dealership who offers <h1>buy here pay here dealership</h1> the process is usually reversed. First, you’ll be asked a series of questions, then a credit report will be run and the salesperson will thoroughly understand your current credit situation. Then we will show you the cars that fit your credit profile.
When to visit a buy here pay here dealership?
If your credit score is below a 640 FICO, or you’ve had trouble getting a traditional auto loan. If this sounds familiar, then you might consider a buy here pay here dealer once you’ve explored one other option.
What are the benefits of buy here pay here dealerships?
The most important benefit of buy here pay here car dealerships is that they give credit-challenged people the opportunity to get much-needed transportation. In many cases, these dealerships aren’t just an option. They may be the only choice if you’ve been turned down by traditional lenders.
Buy here pay here dealerships also tend to be more flexible when it comes to accepting trade-ins on older model cars. They are more likely to find a buyer for your car, and, as such, more likely to consider it as part of a down payment.
Give GT Auto Sales a shot first!
GT Auto Sales specializes in placing customers with bad credit into a great vehicle. We are knowledgeable and work with you to find the best resolution to fit your vehicle purchase needs.
So, if you’re serious about getting your car credit back on track, you can begin by filling our our car loan application now.