The Advantages of Buy Here Pay Here Financing Options

For the majority of Americans, buying a new car is a major financial decision. You have bills to pay, a family to support, a mortgage or rent to cover, insurance payments to make … it goes on and on.

Brand new cars keep getting more and more expensive, which makes used vehicles a much more practical, affordable option for most households. However, you still need to secure financing and that’s not always as easy as it should be, especially if you have bad credit. Lenders tend to view any prospective borrower with a poor credit rating as too much of a risk, and refuse to offer them a deal of any kind. This is a serious problem if you depend on a car for work, taking your kids to school and other common responsibilities.

Used car dealerships offering Buy Here Pay Here (BHPH) financing are an ideal solution for drivers in this situation. But even if you have good credit, this option can still save you the expense and hassle of getting an auto loan through a bank. Below we will explore the biggest advantages of choosing Buy Here Pay Here financing through your local used car dealership. 

BHPH Financing is Open to all Customers

Almost all of us experience financial difficulties at one time or another. You might find yourself unable to pay bills exactly when you have to or rely on your credit cards a little more than you’d like, ultimately building debts and driving your credit score down.

BHPH financing is available to customers with all credit ratings here at Best Buy Imports. We believe in helping everyone get the right deal regardless of your credit report. We don’t subject you to a credit check: instead, we don’t even ask for your payroll stubs, just your driver’s license, insurance details and a downpayment. That’s it. Buy Here Pay Here Financing is here for all drivers. It’s fast and simple. You can get pre-approved online too, to get the ball rolling before you even visit our dealership.

No Need to Contact Third-Party Lenders

Another major advantage of Buy Here Pay Here financing is the convenience: you’ll have through your dealership instead of a third-party lender. This makes the entire process of securing your loan and buying your car so much easier. You’ll only deal with the team at Best Buy Imports from the moment you walk into our office: you make your payments direct to us for the duration.

Finding the Perfect Package is Easier

Finding financing through a third-party lender and buying your car from a dealership can take time, possibly quite a bit more than you have. You need a vehicle, and you may need it fast. Of course, there’s also the problem of matching your loan amount to the right car for your needs and lifestyle. Choosing a Buy Here Pay Here dealership brings it all together brilliantly. You can discuss your money, your exact requirements of a vehicle, your payment options and browse a wide range of pe-owned cars all under one roof. As a result, the entire process of getting the perfect model to suit your budget is far faster, simpler and more streamlined.

A Chance to Rebuild Your Credit

A poor credit score feels like a burden. It can leave you struggling to be recognized by banks and lenders with high thresholds, and getting better credit can be a real challenge. A car loan with Buy Here Pay Here Financing is a terrific way to start rebuilding your credit. Keeping up with your payments on time demonstrates that you’re responsible, can manage your financial responsibilities properly and are a reliable borrower. You’ll be viewed as less of a risk to future lenders and will have access to more varied loans.

Rebuilding your credit can improve your financial options in years to come. Once your payments are complete, you’ll no doubt be a viable candidate for a larger loan for a more advanced vehicle, if that appeals to you. Best Buy Imports is here to discuss your finances and payments, and our team will be happy to show you our extensive portfolio of used vehicles. Their expertise ensures you’ll get all the details and valuable insights into each car that catches your eye as you tour our dealership, making your buying process a lot simpler.

No Need to Buy from Unreliable Private Sellers

If you need a replacement car and can’t get an auto loan, you may be tempted to buy through a private seller. This may be cheap, but it’s a much riskier choice. You won’t have the professional team of experienced dealers on hand to help you find the right car, discuss its performance or supply a vehicle history. Instead, you only have the seller’s word to go on.

Private sellers generally sell on an ‘as is’ basis too. This means you won’t be able to take it back if you discover issues with the vehicle after driving away or having it inspected by a mechanic. They’ll expect the payment in full, rather than the carefully-planned schedule you get with Buy Here Pay Here financing. A private seller may not let you take a test drive either. This is obviously critical for making your decision. Best Buy Imports lets you test drive whatever cars you may be interested in and will answer any questions you might have. Private sellers offer no warranty either, but we do.

As you can see, there are some fantastic advantages to Buy Here Pay Here Financing. Best Buy Imports in Philadelphia is committed to helping you get the loan you need no matter what your credit score, your taste in cars, or your budget. While Buy Here Pay Here financing is attractive to drivers with poor credit ratings, it still benefits those with good or great scores too. Best Buy Imports offers lower interest rates to all customers with high credit ratings.

Reaching and maintaining impressive ratings isn’t easy, and we know that. This is why we make choosing our Buy Here Pay Here financing over traditional lenders well worth your while. Want to learn more? Just pick up the phone and give us a call or drop in to either of our two convenient locations. Our friendly professional staff members are always ready to help you find the vehicle that best matches your preferences, with financing options that best match your personal credit status.