Traditional Dealerships Turned You Away? Consider Buy Here Pay Here

Many people looking to buy their first car have not yet had time to create a long credit history. This leaves them in somewhat of a quandary, as traditional car dealerships in Wichita and across the state usually only offer car loans to people who can prove they’ve been able to handle credit sensibly in the past.

Another large section of car purchasers is those who have had trouble with credit in the past. It only takes a few overdue bills, missed credit card repayments, or late loan repayments for your credit rating to take a knock. Unfortunately, these notes remain on your credit report for many years.

Few alternatives exist. You could save up the entire amount required for the vehicle before you make a purchase so you don’t need financing at all. You can attempt to scrape the money together from a number of credit cards, but these have high interest rates and stiff penalties for missing a repayment. If you’re lucky, you can borrow some money from a family member and pay them back over a number of months or years.

Perhaps the best option of all is on the lot car financing available from a Buy Here Pay Here car lot in Wichita.

What Is Buy Here Pay Here Financing?

You may have only just heard about Buy Here Pay Here car lots, but they’ve been in business since the 1970s and make up a significant percentage of the used car dealerships in America.

Buy Here Pay Here car lots aren’t just a place that sells cars to people who have arranged financing. Buy Here Pay Here car lots offer you the financing in-house, so you don’t need to go to a separate bank.

Why Is Buy Here Pay Here Better for Those with Little Credit History?
The simple difference of handling financing in-house instead of outsourcing it to banks makes a big difference to the customer experience. For one, you’re able to do your entire car purchasing in one fell swoop. Having everything done under one roof and making repayments to the same company takes a lot of the complication out of the transaction. Getting a car from a Buy Here Pay Here dealership can be done within an hour even if you’ve had credit problems in the past or you’re yet to build a sizeable credit history.

The next major benefit, particularly for those looking for bad credit car financing in Wichita, is that a credit check is not normally performed. You’ll have to check with the Wichita buy Here Pay Here dealership that you choose, but at Auto Now, no credit check is required.

Auto Now’s policy is straightforward. You can take out a car loan from Auto Now if you’re over 18, have a full driver’s license, and take home over $1,200 after tax each month.

Are Buy Here Pay Here Dealerships More Expensive?

Disadvantages of Buy Here Pay Here dealerships have all but vanished as the market has matured. For example, you might expect the interest rates you need to pay at a Buy Here Pay Here dealership will be much higher than at a traditional dealership.

In fact, because some dealerships like Auto Now specialize in poor credit financing, you’re often likely to get a better deal at Auto Now than if you try to get a loan at a traditional dealership. A traditional dealership will consider your poor credit to be a major risk in their computational model, driving up the interest rate you must pay.

The Buy Here Pay Here industry is now huge and major players from other lending industries have moved into the market, driving competition. The margins for a Buy Here Pay Here dealership are now razor-thin as there’s more competition, making the interest rates, down payments, and extra offers available at a Buy Here Pay Here dealership in Wichita highly competitive.

What Extras Do You Get at Auto Now in Wichita?

Some of the extras you get at Auto Now include a low down payment option and a limited warranty.

Another myth of Buy Here Pay Here dealerships is you’ll be required to make a larger down payment than at a traditional dealership. Auto Now bucks this trend by offering vehicles with a down payment of just $99.

Are Buy Here Pay Here cars reliable? Auto Now believes they should be and only offers the best vehicles for sale on its six in-house financing car lots. Each vehicle has undergone a comprehensive check to ensure that every inch of the vehicle is ready for long-continued service.

As Auto Now is so confident in the quality of the cars on sale on the lots, every vehicle comes with a new warranty that covers it for two years or 24,000 miles, whichever comes first. You can find full details of the warranty on our website, but in summary, it covers everything a normal extended warranty from the manufacturer does.

This is without speaking about the advantages Auto Now offers that every dealership should — friendly, knowledge staff who never try to push you into a sale; a massive selection of top vehicles from a wide range of manufacturers; multiple locations in Kansas and Missouri for your convenience; full details of all vehicles for sale on our website; AutoCheck car reports for free; and the ability to make repayments online or automatically through your bank or credit card.

Been Turned Away by a Dealership in Wichita? Come to Auto Now
As we don’t perform a credit check, you’ll likely get a loan through Auto Now even if you’ve had credit issues in the past. As long as you’re earning $1,200 or more a month, you’ll be able to drive away in a vehicle from Auto Now in Wichita with a great deal on financing. Schedule a test drive today at Auto Now in Wichita or apply online for instant credit approval.