Here’s How to Buy a Car with a Low Down Payment

If you don’t have a lot of spare cash lying around but you need to buy a car, you need a car with a low down payment.

Most of the vehicles you see on the roads of Andover, Derby, Haysville, and other towns around Wichita have been purchased using a loan agreement. Few people have the funds to go out and buy a car with cash.

Buying a car with a low down payment means you’ll be able to drive away a used vehicle in Wichita without having to drop a large sum of money down at the outset. You’ll pay back more over the course of the loan, but your repayments will be consistent.

Auto Now in Wichita is the Buy Here Pay Here dealership that many people from Bel Aire, Valley Center, Maize, and Newton turn to when they need to buy a car with a low down payment. A Buy Here Pay Here car typically represents the easiest way to get a loan on a vehicle regardless of credit history and used car dealerships like Auto Now offer low down payments on Buy Here Pay Here cars.

What Is a Buy Here Pay Here Car?

When you get a Buy Here Pay Here car with a low down payment in Wichita, most of the details of the purchase are the same but there are a few key differences. The Buy Here Pay Here dealership is the lender, so they don’t have to go to a third party to get approval to offer you a loan. You can get a loan right then and there if you meet some basic criteria.

This really simplifies the purchase of a vehicle. You know how much you borrow, how much down payment you need to pay, and you have a list of vehicles on the Wichita car lot that you can afford.

Contrast that to the chicken-and-the-egg situation you typically have at a used car dealership. The dealership doesn’t know if they can sell you a vehicle because you need to get approval from a bank. You go to the bank, and they want details of the car you’re planning on buying, how much your down payment will be, and how much you’ll pay each month. You give them these details, and they run your credit, only to give you a flat denial for financing. Did you ask for too much? Was your credit history not good enough? Did they have a problem with the vehicle or the financing plan? You don’t know, and you have to start the whole process again.

Buy Here Pay Here makes sense. You buy a car from Auto Now, pay a small down payment, and make monthly repayments until your loan is repaid in full.

Do Buy Here Pay Here Cars Require Big Down Payments?

We should say that we’ve been in the business of offering Buy Here Pay Here vehicles for sale in Kansas and Missouri since the nineties. It used to be that you’d need to put down a larger down payment to buy a car from a Buy Here Pay Here dealership than if you purchased from a traditional used car dealership.

This is no longer the case. Buy Here Pay Here dealerships in Wichita are more than competitive, and this goes too for down payment options. If you browse the many vehicles for sale in Wichita at Auto Now, you’ll notice that most of them offer down payments as low as $99. This means that as long as you qualify for a loan you can drive away in a vehicle today by paying just $99 upfront.

How Do I Qualify for a Loan at Auto Now?

Having said that, you might now think that qualifying for a loan at Auto Now would be difficult. In fact, getting a loan at a Buy Here Pay Here dealership is almost always easier than getting a loan from an old dealership or using old methods.

First off, some dealerships like Auto Now specialize in offering vehicles to those who have had poor credit in the past. To do so, we forego any credit checks and make the choice of whether to loan money to a borrower based on a small set of criteria:

• Are you over the age of 18?
• Do you have a driver’s license?
• Do you take home at least $1,200 a month after taxes?

If so, you’ll qualify for a loan. For more exact details on how much you can borrow based on your own salary, you can use our online calculator, get in touch with us directly, or come into the dealership in Wichita.

Can I Get a Good Car at a Buy Here Pay Here Dealership?

We believe that our outstanding inventory speaks for itself. All of the vehicles on offer at our six dealership locations have been inspected thoroughly and any small issues they may have shown have been repaired completely. All vehicles come with a two-year/24,000-mile warranty that covers all of the main components of the vehicle.

What Is the Process for Buying a Car with a Low Down Payment in Wichita?

The fastest way to buy a car with a low down payment is to use our website to apply for financing. Filling in all of your details in the online form ensures that you don’t miss anything that we could possibly need to ensure your car purchase goes through promptly.

Next, choose the vehicles you are most interested in. Our inventory is vast, so you might want to test drive more than one vehicle.

When you come to the dealership, we’ll ask for proof of ID, your driver’s license, and proof of income. You should also bring a recent utility bill and a recent phone bill. You’ll need the funds for the down payment.

After you’ve taken the keys of the vehicle, you’ll make monthly repayments direct to Auto Now until the loan agreement has been paid in full.