You will find a car dealer that offers buy here, pay here in any large city. Customers with poor credit can buy cars at these dealerships and make weekly or monthly payments to the dealer. This type of service is available to consumers who have no or poor credit – extra resources!
Both good and bad reasons exist to choose this service. There are a few good reasons to use this type of service.
When you really need a vehicle, it is possible to get one with no or little money and even if your credit score is bad.
This will not affect your credit score if you’re working to repair it.
You will normally pay more than you would if buying the vehicle at a normal dealership. It can both be good and bad.
You can qualify for a car loan even if you’re a student and have a part-time job. This is not the case at a dealership.
You might not want to use this service for the following reasons:
This will cost you more.
You will not be able to build your credit if they do not send your information to the credit bureaus.
They want to know everything about you, even though they don’t check your credit. These dealerships want to know your nearest relatives and friends as well as two or three phone numbers where you can be reached. They also need proof of employment.
This service is useful if you need to buy a vehicle quickly and you don’t have much money. However, if you can wait and put some money aside for a deposit then you will be able save money while building your credit.