Why Consider a Buy Here Pay Here Dealer vs. the Others?

There are many different financing and payment options for consumers to make big purchases. This is no different when buying a car. You can pay cash, use credit, take out a lease, or finance with traditional monthly payments.

If you apply for financing for your new vehicle, many things are taken into consideration to calculate that final monthly payment. One thing, in particular, is your credit rating. The higher your credit score, the lower your interest on that loan will be. People with bad or low credit scores are faced with limited options. The option that many of these borrowers turn to is Buy Here Pay Here financing. This can be great if you can’t get a traditional type of financing.

Buying a Used Car in Wichita

A few options for used car purchases exist in Wichita. First, you have the traditional dealership that requires you to source funding for a loan yourself. They do the least amount of work for you and make their money from haggling up the price of the used cars for sale on their lots.

The next step up is a dealership that attempts to secure financing for you. They may call this a financing department and will get a few quotes for financing from companies they work with. They don’t necessarily get you the best deal, instead looking for loan companies that will give them the biggest commission. If your credit rating is poor, the cost of the loan can be very high if they are able to get you a loan at all.

At the top of the pile is the Buy Here Pay Here dealer, who offers you financing directly.

What Is Buy Here Pay Here Financing?

Buy Here Pay Here is simply when the financing and purchasing of the vehicle are done in-house at the dealership where you are buying the car. This allows the dealership to lend money to people who have less than perfect credit.

One of the main advantages is being able to finance with bad credit. Many people who would typically get denied at a traditional bank or credit union will have no problem securing a Buy Here Pay Here loan.

Another advantage is the ability to take out a loan with little money down. There is no need to have large sums of cash on hand to put as a down payment on the vehicle.

The procedure in which a car is purchased and driven off of the lot is streamlined because everything is done under one roof. It makes the whole process a bit quicker, which is a lot less stressful for the consumer.

Buy Here Pay Here financing will help a customer with bad credit improve their credit score. If a customer has made a mistake in the past but is in a better position in the present, the Buy Here Pay Here option can potentially rebuild that credit score. The dealership can report payment history to the credit bureaus. As long as the customer makes all the payments on time and does not miss any payments, he or she should expect to see that credit score number go up.

Overall, there are pros and cons to any type of financing that you can choose. Buy Here Pay Here is a great option for people with bad credit who need a car right away and are willing to pay a bit more to get it. Having this option available allows the consumer to have more choices when it comes to buying a car.

Buy Here Pay Here Dealers in Wichita

If you’re looking for Buy Here Pay Here financing in Wichita, you must certainly consider Auto Now. Auto Now is a used car dealership chain with locations across Kansas and Missouri, including in Wichita.

Auto Now has one of the largest selections of Buy Here Pay Here vehicles you’ll ever see, with hundreds of models available in Wichita and at all of the other branches. You can browse the vehicles on offer on the website and get a good idea of their mileage, age, trim levels, price, and expected monthly payment.

Auto Now has been in business in Wichita since the nineties, so you know that it’s a name that you can trust. With thousands of happy customers, Auto Now is the right choice in the world of Buy Here Pay Here financing. Check out all of the reviews of the business on independent websites — you’ll see that people have always come away from Auto Now with the vehicle they need at a price they can afford.

Buying a vehicle from Auto Now makes getting funding easy. You do not need to worry about previous credit issues as a credit check is never performed. You’ll be able to get an auto loan in Wichita from Auto Now if you:

• Earn over $1,200 a month (after taxes)
• Have a valid driver’s license
• Are over 18

The exact amount you’ll be able to borrow comes down to how much you’re earning and how much you’re putting down as a down payment.

Speaking of down payments, Auto Now recognizes that not everyone has a spare few thousands of dollars in their back pocket ready to be put down for a vehicle. Therefore, most of the vehicles on the Wichita used car lot can be driven away for a down payment of $99. You’ll make the repayments of the loan directly to the dealership until the full amount is repaid and then the car is yours outright!

For the first two years or for 24,000 miles, your car will be covered by a strong warranty. Should anything go wrong, the dealership will be there to make repairs promptly and with a low excess.

Don’t let a low credit score get in the way of getting into your own vehicle. Choose Auto Now, the Buy Here Pay Here dealership that’s been serving Wichita for decades.