Best Car Financing Options for Used Cars in Independence

If you’re looking at used cars in Independence and considering different loan options, it can sometimes get overwhelming or confusing. With so many choices and so much information to consider, it’s useful to understand the advantages of obtaining your loan at the same place you purchase your used vehicle.

Buy Here Pay Here used cars are an excellent option for anyone seeking a car in Independence. The principal difference between a traditional car dealership in Independence and a Buy Here Pay Here dealership is the Buy Here Pay Here dealer will handle not only the sale of the vehicle but also the financing. It’s a small change in how the business is run, but it makes for a number of advantages for the buyer.

Is Buy Here Pay Here More Flexible?

When you apply for a loan online or through a third party, there is an immediate disconnect in personal service. You’re filling in information on your wages, credit history, and employment, with zero opportunity to explain any discrepancies to a real person sitting across from you. The lack of personal service can mean the difference in your interest rates, length of your loan, or even getting approved or denied.

Even if an in-house financing car dealership were to run your credit report, when you obtain your loan at the same place you buy your car, you get a chance to ask questions, answer questions, and explain any negative remarks on your credit report. It’s easier to get credit when you’re not just a number on a page. You get a service that is more personal. That means, if you have a derogatory report on your credit, you can actually explain to the manager in front of you that it was due to a disputed medical bill during a time when you were off work for a month for an unexpected surgery. It offers you the chance to speak to a real person about your real situation, rather than just filling out numbers in forms and hoping that the numbers you report fall within the accepted parameters for a loan.

Respected Buy Here Pay Here dealerships like Auto Now don’t even run a full traditional credit report when you provide proof of wages or employment and references. There is a definite advantage to this over online loan companies that you will never meet in person.

How Can I Get Used Car Financing in Independence with Poor Credit?

At Auto Now in Independence, there is a simple set of criteria for getting financing for a vehicle.

• You must be over 18 years of age
• You must have a driver’s license
• You must take home over $1,200 a month from your job, after taxes
• You must have some proof of ID, address, and income

That’s it. It’s an especially simple setup when you compare it to the complex application forms of the traditional banking industry.

What Happens if I Can’t Repay the Loan?

Of course, the responsibility is on you to repay your car loan in a timely fashion. The dealership has the right to reclaim the vehicle if you don’t make the loan repayments on time. If you think you might struggle to make a repayment, get in touch with the dealership immediately so the situation can be discussed. Buy Here Pay Here dealerships can be more flexible regarding payments but they need to know you’re willing and able to make good on the loan you’ve taken out. Simply ignoring an unexpected change in fortune will result in your vehicle being repossessed.

Is Buy Here Pay Here Financing Faster?

Another positive advantage aside from personal service is that it’s faster when it’s all completed in one place. The paperwork for your loan will be completed in a shorter amount of time and then be taken immediately to a finance office or onsite manager to make a decision. There won’t be a period of several days or weeks of waiting for a decision. In fact, the decision can usually be made within a matter of minutes or hours. You will have an onsite manager who can quickly explain the conditions of your loan and make you an offer that you can refuse or accept. Because you will know faster, you don’t have to waste your time going from company to company, waiting for weeks while you’re without a vehicle. This saves you time and money in the long run.

Buy Here Pay Here Dealerships Have Your Back

After securing your loan, it can also be in your benefit when the person who has given you the loan is local to you. Sometimes checks get delayed or lost in the mail. Sometimes websites go down unexpectedly and you’re unable to make a payment. When you live in or near the town where you obtained your loan and your car, you can easily stop into the office and drop off your monthly payment. This further increases the personal relationship you’re forming with the office, making it easier for you to have even more flexibility in future loans while building this relationship.

Overall, there are many advantages to getting a loan locally, where you purchase your car. Consider this option above others if possible, because it’s likely to end in the best deal and the most positive experience. Auto Now is a local Buy Here Pay Here dealership chain that has been getting people into the cars they need since the nineties. With six locations across Kansas and Missouri (including Independence), Auto Now has hundreds of vehicles waiting for you. As long as you’re earning over $1,200 a month after tax, you’ll almost certainly be offered a competitive loan and a wide range of vehicles from which to choose. Browse the choices on the Auto Now website and get in touch to see how much you can afford and how much the monthly repayments will be on your dream vehicle.