So you are in the market for a brand new ride but don’t know where to start. There are many options. You could visit a traditional dealership, go through the process of getting a loan and then wait. But, let’s be honest, that is not the best option. The buy here pay there dealership is the best option. It’s as simple as 1-2-3 and the cars look great. Before you begin to browse the lot, let’s talk with buy there pay here about one key factor: Extra resources?
Let’s address a common misconception in relation to BHPH. Although a dealership might be buy-here pay-here, that does not mean that the cars won’t be very affordable. You can find these cars at prices that are comparable to traditional dealerships. So, what is it that makes these cars so different?
In a traditional dealership, prices are determined by the vehicle’s make and model, year, as well as its condition. The car’s price is set by the dealership and the cost of financing at a Buy Here Pay Here dealership. In other words: the cost of financing can make the car’s price higher.
What does this all mean for you, then? It means that before shopping, you will need to have an idea about your budget and what you can afford. You should also consider financing costs when comparing prices.
Let’s now talk about the biggie: the dreaded downpayment. In a traditional dealer, you can put down a small amount. A down payment is usually required at a Buy Here Pay Here dealership. While the exact amount can vary, it’s typically around 10-20%.