The Benefits Of "Buy Here, Pay Here" Car Lots Near You

Posted on: 29 September 2016

Buying a car usually involves finding a lender who will approve your application for a specific loan amount, and then finding a car or truck for that amount. It can sometimes be a long and tedious process. You can cut a few corners when you find the "buy here, pay here" car lots near you. Here are the best benefits of using these particular car lots.

Your Car Loan Is Approved via the Dealership

There are financiers who work for "buy here, pay here" dealerships. This allows the dealers to offer you a car and try to get you the biggest loan amount to buy the most car possible. You do not have to go anywhere else or talk to any other lenders to get the loan you need to buy a car.

The Dealership Offers You a Range of Cars and Trucks in Your Pre-Approved Amount

With your loan amount already pre-approved by the financier at the dealership, you can then shop the range of cars and trucks available that fall within your price range. If you are able to put a couple hundred to a couple thousand down, then you can look at few more cars and trucks that are just slightly more expensive than your loan amount. This also helps you avoid shopping cars and trucks that are way out of your league and out of your ability to pay.

Check, Sign, Drive

With your loan approved onsite at the dealership, the only things you have to do are fill out an application, accept the credit check process, sign for the loan and the car sales receipt and drive off the lot. This all could happen within an hour or two of stopping at the dealership. When you really need a car right away and cannot wait for loan officers to return to work to approve your paperwork, this process really makes a difference with shortening up the loan-to-drive process.

Many of the "Buy Here, Pay Here" Places Also Accept Trade-ins

If you are worried about not being able to trade in your vehicle for a discount off your next one, there are "buy here, pay here" dealerships that will accept your old car in trade. It is just like the regular car lots and how they operate, but with the added bonus of getting all of your car-buying business done in one stop. Convenience and affordability is what these specialty car lots are all about.  


how to choose a quality car

Having worked as a mechanic for about twenty years, I have learned a lot about what cars are better than others. This blog was created to help provide you with the information that you need to know to buy a car that will run well without spending too much in repairs over the first few years. I will show you all about finding the right car, how to know that the car that you are buying is in good condition and what you can do if the car that you purchase isn't quite what you had hoped that it would be.