Buy here pay here car lots near me that are part of a dealer network participating in the car buy here pay program. Dealers are spread across the US and Canada. It is targeted at first time, young, credit-challenged buyers or those who have no credit.
A person looking to buy a second-hand car can complete an online application for credit provided by a program called Buy Here Pay Here. It is submitted to the participating dealers within a set time period. After a specific period, if the credit application is approved by one of these dealers, an applicant will receive notification that their application has been approved. This applicant buys an automobile from the dealer.
A potential purchaser can also use the buy here, pay here program by visiting a dealer that has this program. The dealership you choose should also have the car that interests you. While the dealer is reviewing your credit request with you, he or she will be determining how much car you are able to afford on a regular monthly basis. If the vehicle you want is among your top choices, it’s a good idea to buy that car. The dealership should be close to where you live.
This program operates on the theory of ‘buy-here’, which means you can buy the vehicle directly at the dealer from whom you have submitted your credit application.
The dealer may only finance vehicles from one or a few brands. You can’shop’ at these dealers with a salesperson to see what inventory is available from other dealers. When you locate the exact car you’re looking for, with all its options, your dealer will arrange to have it delivered onto the lot so you can buy. If you do this, your payments will also be sent directly to the financial institution that financed the vehicle.