Need a Car But Your Credit is Less Than Perfect? Consider Buy Here Pay Here

The average credit score in Kansas is 697. When you’re thinking about this number in relation to the perfect score of 800, this doesn’t seem like a terrible score. However, a 697 is only in the “good” range for a credit score, and even this can impact your ability to get a reasonably priced loan on something. According to Experian, even though a 697 score is technically good, potential borrowers often see this number only as “acceptable.” This leaves those with a good credit score susceptible to higher interest rates despite their best efforts to remain financially ahead.

Averages indicate that some people are actually below this number, which means that for the majority of folks in Kansas, obtaining financing from a bank or a credit company is either impossible or comes with a substantial interest. This information is enough to make anyone want to avoid traditional funding. But when we avoid traditional financing, how are we able to purchase a car without spending years saving for one?

The answer can be found in buy here pay here car financing. Buy here pay here dealerships offer quality used cars and financing regardless of credit history. When used correctly, those who work with buy here pay here dealerships can get an affordable, reliable used car and also work on improving their credit scores for future borrowing purposes.

Why Consider Buy Here Pay Here Cars?

Chances are likely you’ve probably heard something scathing about a buy here pay here dealership at some point in your life. They are often written off as having high interest rates, poor used car selections, and having sneaky dealers who are only in it for the money. These misinformed statements could not be further from the truth. Buy here pay here dealerships make their money by helping out customers who need financial assistance but cannot afford it elsewhere, yes. But it is not through exorbitant interest rates or underhanded deals. The majority of our income comes from loyal customers who refer others to our services, as well as customers who come back for our inventory time after time.

Buy here pay here financing is easy to apply for, and usually, once a person is approved for financing, they can drive away with a car the same day they visit the dealership. Buy here pay here dealerships incorporate your monthly income and financial obligations into their final lending amount, unlike private sellers or factory dealerships. This helps you make financially healthy decisions on purchasing a used car while also taking out a line of credit that will ultimately improve your credit score.

How Does the Application Process Work?

Either online or in-store, you will fill out an application that is a comprehensive look into your finances. For AutoNow of Olathe, the questions on the form include your work history, your monthly financial obligations (like rent, bills, and other loans), your net monthly income, how much you can afford as a down payment, and how much you are willing to spend on a monthly payment. You’ll submit this information to the buy here pay here dealership, and one of the salespeople at the dealership will review it. Their knowledge of finance is involved, so from there they will approve you for a smart amount that makes sense based on your answers. They will collect sensitive information, like your social security number, but it will only be used for verification purposes and will be, so your identity is safe.

How Does a Buy Here Pay Here Car Improve My Credit Score?

A buy here pay here car is a big purchase made on credit. Like any other big purchase made on credit, the history of those payments are reported to credit industries. Since your in-house financing is specifically catered to you, there is little chance that you will not pay your bill on time or for the full amount. Therefore, your continued and timely payments ensure that the buy here pay here dealership makes positive reports to credit bureaus. Over time, this increases your credit score, as well as having another credit account open.

How Can I Trust a Used Car?

It can be hard to trust used cars, especially when you know little to nothing about the history of that car. However, AutoNow of Olathe is a certified pre-owned car sales shop, and therefore, it must follow federal regulations to be sold as such. Our used cars’ maintenance history is available upon request. Most used car sales places will disclose anything wrong with the vehicles that they are selling, but AutoNow does our customers one better. We stand behind our cars, making sure that they are road ready by the time our customer visits us at one of our locations. Additionally, we offer a 24-month warranty on all our cars as a way of saying we know that our inventory will be right for you.

Long story short, you can’t trust just any used car. To trust a used car, you should visit a buy here pay here shop like AutoNow of Olathe, Kansas. Sometimes, having the law on your side is the best option for knowing you can trust something. With AutoNow, who takes the legality of their certified pre-owned status very seriously, you can trust our word that our used cars are better than our competition or than any private seller you might encounter.

More About AutoNow

AutoNow of Olathe, Kansas has been offering a variety of exceptionally reliable used cars to Olathe area residents since 1996. Promoting good credit health and car access for all, AutoNow works with those who need cars but might not have outstanding credit. Everyone makes mistakes in their life, and the majority of people will make a mistake that will impact their credit. Don’t let that mistake haunt you for years and prevent you from getting the financing help you need.

Visit AutoNow in Olathe on 1404 East Santa Fe Rd. or call us at (913) 764-8989 to schedule an appointment. Save time by applying for financing online before you come in. We look forward to helping you improve your credit by purchasing an affordable used car.