Auto Now Topeka: Are Your Car Payments too High? Buy Here Pay Here Cars are Here to Help

The worth of the average American household is on the rise, but so are bills. As of last year, the median household income before taxes was $75,664. This is also assuming that the median household income includes two salaries, or at least two different people, at home. When you think about it, even with the average wage, making $500 payments a month on top of all the other necessary bills seems costly. Yet, the average American is paying nearly $550 a month in car payments.

If you’re feeling stuck, consider getting out of your high payments while you can and getting into a more affordable one. Purchasing a used car at Auto Now of Topeka, Kansas is a great way to grab an affordable vehicle that fits your personality and daily needs while paying an affordable price.

How the Buy Here Pay Here Process Works

You’re not stuck with your expensive car — there are ways out of having to pay for the whole thing. The first step is understanding exactly how much you owe on your high-payment auto loan before you give it back to the dealer. You’re not out of the payment zone just by returning the car to the dealer. The car dealer will have to resell it, and it will likely not sell for as much as it did before.

In this case, imagine that you put a down payment on a new car that costs $35,000. Your down payment is in the amount of $5,000, and over six months of $550 payments, you realize this isn’t going to work. So, you bring the car back to the dealer with the intent of returning it. In total, you’ve paid $8,300 toward the initial loan you took out — $5,000 for the down payment and six monthly payments of $550. Later, the dealer sells the car for $25,000, which is nearly $10,000 less than the price he sold it to you for six months earlier. This usually means that you still owe $1700 on that car.

But the fear of lingering payments after returning your car shouldn’t deflect from the fact that you’re paying too much monthly, to begin with. Consider your options, and especially consider swapping out your new car for a quality used car from Auto Now of Topeka.

Why Should I Consider Buy Here Pay Here Dealerships for Help?

Usually, people buy new cars to avoid breakdown issues. Such issues are common among used vehicles purchased from a private seller but are not common when purchased used from a reputable used car dealer. Buy here pay here dealerships offer the same perks as a dealer, including financing, warranties, and clean, reliable cars. The cars they offer are just at half the price, saving you hundreds of dollars each month on car payments. Buy here pay here dealerships like Auto Now of Topeka will assist you in making a purchase that better suits your budget, allowing you to save for necessary things like health insurance and life insurance as well as leaving you room to save money.

What are My Restrictions?

While we wish that we could help everyone who comes to our dealerships, we do have restrictions. Restrictions are in place for your safety and ours. We want to ensure that you will be able to make payments on your car comfortably and that you are, in fact, ready to use your vehicle. For this reason, we require applicants to have a valid driver’s license, be 18 years of age or older, and have a monthly salary of $1200 after taxes. If you meet these requirements, which is likely if you already have a higher car payment, we believe that we can help you.

What are the Perks of Working With a Buy Here Pay Here Dealership?

Our customers commonly cite our ease of application, low prices, and willingness to help as being some of the most significant perks of working with a buy here pay here dealership. But we believe that there are even more perks to getting a buy here pay here car, especially in Topeka.

• You get the chance to avoid high taxes and ownership costs. Kansas is one of the most expensive states in the USA to own a car. This includes sales tax, registration fees, and other associated car purchase fees, excluding fuel. Buying used can help ease you through some of the higher fees each year, and buy here pay here cars spread out the cost over time, so you avoid spending a lot of money up front.
• You get the opportunity to rebuild your credit. If you missed a bunch of payments on your previous car, chances are your credit score took a hit. You can restore your score by paying toward a buy here pay here car you can actually afford.
• You have a wider variety of cars to choose from. Buying from a dealership is limited, offering you only one brand of vehicles and many of the same make and model. Although people tend to gravitate toward a particular brand of car, many of us are open to purchasing a vehicle outside of our preferred brand. Shopping from a greater selection of vehicles leaves you open to further savings.
• Your payments work around your schedule. We work closely with our customers to not only find a car whose price fits their budget but also to set up payments on a plan that works for you. You can trust that we want the best for you at Auto Now of Topeka.

Auto Now of Topeka is NIADA certified and committed to bringing Kansas and Missouri residents quality used vehicles. We’re a trusted institution in both states, and many of our customers are repeat customers. If you live in Topeka, get to know us by stopping by our location on 116 SE 29th Street. We’ll help you fill out an application for financing and help you see how much you can save on your monthly car payments by switching to a buy here pay here car.