Buy Here Pay Here

How to finance your car, truck, or SUV with bad credit or no credit

Let’s face it, buying a car from a car dealership can be stressful sometimes. From dealing with a pushy car salesman to sweating it through the financing approval process, the excitement is sucked out of the entire experience in many cases.

Due to the stressful nature of some car dealerships, many are gravitating to buy here pay here dealerships as their source of purchasing a vehicle. […]

Biggest Benefit to Buy Here Pay Here?

Bad things happen to good people and just about everyone falls on hard times at some point in their life.

The difference is in what you do to get back onto your feet. When you’re buried in debt it can feel like the weight of the world bearing down on your shoulders.

While you need to take out loans to re-establish credit no one will loan you anything to do so. Getting a credit card with a small credit line is next to impossible and it would hardly do anything to improve your score anyway.

So what’s the answer? […]

5 Reasons Buy Here Pay Here Can Work For You

Everyone needs a car. Not everyone has the credit to get one in this market.

Banks and credit unions have a set of standards you need to fall into to finance you. If you don’t fall within these parameters then you can’t get financed.

So what’s the solution? Buy here pay here places are a great way to get a quality used car while you work on fixing your credit. Here are 5 ways that buy here pay here works in Colorado […]

Truth About Buy Here Pay Here

When you have bad or no credit or are a first-time buyer it may seem impossible to get a quality used vehicle in Denver.

Most people think that just because they have bad credit issues such as bankruptcy, foreclosure, previous repossessions, unpaid medical bills or missed payments, that they’re trapped, that they are stuck riding the bus or relying on friends or family until the end of time.

This isn’t true and there are options out there if you need help finding a used vehicle. Here’s a quick guide on how to navigate the market in Denver, even with bad or no credit […]

Buy Here Pay Here Myths Finally Debunked

Buy here pay here places have been around for quite some time now. They gained popularity when the economy took a nose dive in the mid-2000’s. Overnight, people’s credit went up in flames and so did their income.

Most dealerships require a certain credit score before you can be financed for a vehicle. If you don’t have that score then they won’t even entertain you. You probably won’t be able to buy a used car in Denver.

For some reason there are a lot of common misconceptions related to buy here pay here dealers. More often than not they have a really bad reputation as dealerships and car lots that charge high-interest rates and repossess you just so they can sell the car again. This isn’t true and here’s a list of many common myths associated with BHPH dealers […]

The Pros of Buy Here Pay Here Dealerships

Buy here pay here car lots are everywhere. Most of the time they are found in or around cities in densely populated areas. They are designed to get people financed with no credit or bad credit and sometimes with a low down payment. If you have credit issues a buy here pay here Denver dealership may be your only choice.

There are pros and cons to everything you do in life including buy here pay here. It’s up to you to decide whether or not buy here pay here is the best route for you to buy a used car in Denver, or if there are better options […]

Buy Here Pay Here Prices

Buy here pay here car dealerships are everywhere for a reason. In a down economy a lot of people have bad or no credit or spotty payment history. Unfortunately, none of that will help you finance a car through a regular dealership

Buy here pay here dealerships help good people who have no or bad credit get financed for a car. Some of them, although not all of them, also work with other companies so your payments get reported to the credit bureaus, which in turn improves your financial scores […]

Choosing a Buy Here Pay Here Dealership

There are lots of buy here pay here dealerships to choose from in Denver, Colorado. This is to clarify which ones you should choose and what makes a dealership buy here pay here?

What is buy here pay here in Denver, Colorado? Buy here pay here is a dealership that helps people with bad credit get financed for a used car, truck or SUV. If you have bad credit and can’t secure an auto loan then buy here pay here is the best route for you to go to buy a car in Denver […]

Buy Here Pay Here Thornton Colorado

Buy here pay here dealerships can be found in a lot of different places but are mostly found in and around cities. Buy here pay here dealerships can get a bad rap, but at the end of the day, there are good and bad seeds in any type of business.

If you know what to look for when shopping buy here pay here then you can avoid all the necessary pitfalls needed to rebuilding your credit.

While it wasn’t standard before there are several buy here pay here dealerships around Thornton, Colorado that are willing to not only finance you a car but help rebuild your credit history. Here’s what you should look for when shopping buy here pay here used car dealerships in and around Thornton, Colorado […]

Buy Here Pay Here Mistakes You Can Easily Avoid

When people shop buy here pay here dealers they can have trouble understanding how it works. It can be confusing to find yourself in a bad credit situation. Sometimes it can seem hopeless for you to get out. It really doesn’t have to be. Buy here pay here financing is a great way to rebuild your credit history if you go to the right place. The key is figuring out which dealerships are respectable and which ones aren’t […]

A Quick History Of Buy Here Pay Here

Buy here pay here has been around longer than most people may think. The only reason you’ve just heard of it is most likely because you’ve fallen into a bad credit situation. Buy here pay here wasn’t a choice and didn’t have to be an option until you fell into an unfortunate situation. It has been around for quite sometime […]

Lakewood Buy Here Pay Here Buyers Guide

If you’ve never heard of buy here pay here or how it works then this guide is for you. There are several buy here pay here dealerships in the Lakewood area but the real question is which one should you go to? Which ones are good and how do they all work? […]

Best Cars To Buy From a Buy Here Pay Here Dealership

When you go to a buy here pay here dealership it’s most likely because you have credit problems. This doesn’t make you a bad person. You can finance a car and fix your credit by financing at the right buy here pay here dealer. Not all of them report but the ones that do are where you should buy. Because your loan is going to be for less than 3 years, you’ll both own the car faster while also boosting your credit rating through the roof […]

Buy Here Pay Here Explained

Shopping for a car can be both stressful and exciting for most people. It is one of the biggest purchases you’ll make in your lifetime. There is more information available than ever before but for whatever reason despite that it’s still easy to make a mistake.

But here pay here shopping can be even more confusing than if you go to a regular dealership. In a sense the buying process is backwards at a buy here pay here dealership. When you go in, there is a quick approval process first and foremost before you start looking around for cars […]

Buy Here Pay Here

happy family driving their carWhat is buy here pay here?

It’s a form of financing that works with people who have bad credit or no credit. The dealer provides the financing, so you make your payments directly to your Denver car dealership, not a third party. Buy here pay here car lots qualify you based on stability, not credit score. Instead of getting a loan through a bank or credit union, the car dealership finances you directly. Banks and other lenders have certain parameters that if you don’t fill, they won’t finance you. A buy here pay here dealership, such as Econo Auto Sales in Denver is much more understanding and flexible of your financial situation. It doesn’t matter if you have bankruptcy, repossessions or no financial history at all, we will still work with you!

What do I need to get financed?

To get financed through a buy here pay here program in Denver, all you need is some money down, proof of income, a current place of residence (must be in Colorado), and a driver’s license. We go by stability, not your financial score. Call now and we can pre-approve you for a loan in under 5 minutes, or click here and fill out our pre-approval form.

How do I know if I should get my financing through a buy here pay here dealership?

If you have a low score, no financing history, prior bankruptcy, foreclosure, repossession, missed payments or other credit issues then you should give us a call. We are located in Denver and have a wide range of quality used cars, trucks, and SUVs you can buy that will fit your needs, lifestyle or current situation. Our financing parameters are flexible and we will adjust to your current situation. Your first installment isn’t due for 60 days and we give you 45 days to pay your down payment. Call today and get as little as $199 down and only $199 a month with approved credit.

How much down do I need?

The more you pay up front (down payment), the more you will qualify for. You can still qualify to buy a vehicle with a low down payment. Call us now or stop by our Denver dealership if you have any questions. We understand that dealing with past financing problems can be expensive and stress filled. By deferring the first loan installment to 60 days it will give you enough time to get insurance and fit your car payment into your monthly budget.

Is buy here pay here financing right for me?

If you have any type of past financial issues such as a bankruptcy, foreclosure, repossession or missed payments, then give us a call. We work with all types of past financing problems and we can also help get you back on the right track. Buy a car and rebuild your financial history! Once you’ve established a payment history with us, we can transfer your loan to another company who will report your payments to all three credit agencies. There isn’t a financial situation we have seen that we haven’t been able to work with. If you are unsure of how pay here buy here auto sales works, call us now and we would be more than happy to answer any questions you have and pre-approve you. Note that we don’t have to look at your financing history to approve you. We are one of the most flexible buy here pay here dealerships in the greater Denver, Colorado area. Our program isn’t all about selling you a car. It’s about getting you back on the right path to rebuilding your financial history. Paying your loan payment on time is a good way to increase your score over the long run. Econo Auto Sales has been serving Denver, Lakewood, Wheat Ridge, Aurora, Thornton and the surrounding areas for 20 years! Our program is among the very best for buy here pay here lots in Denver. We’re your buy here pay here Denver auto dealer. We can pre-approve you over the phone in less than 5 minutes, so you can buy a nice car. Don’t pay too much! Call us now to schedule an appointment.

How BHPH works at Econo Auto Sales

Buy here pay here has been around for a long time, but it didn’t become a very popular form of financing until the financial crisis in 2008. Ever since then there were more people than ever who needed bad credit financing because the credit profiles of millions of people took a hit. From that point on, buy here pay here dealerships came out of the woodwork. The only thing most of them have in common is that they finance people with bad credit. Other than that you’ll have to decide for yourself which ones fit your needs the best. I can tell you that there are certain things that Econo Auto Sales does that most other buy here pay here dealerships do not. We believe in not only selling our customers with bad credit a car, but also getting them back onto the right track to rebuilding their credit history. Higher credit scores can lead to lower interest rates which can save you thousands over your lifetime. Here is everything that Econo Auto Sales does that other buy here pay here dealerships don’t: 60-90 days same as cash: If you need a car now but don’t have all of the money up front we have a 60-90 day same as cash program with no interest! That means you can come in and use a low down payment and drive off with the car the same day! The rest of the balance will be due over the next 90 days with no interest. Credit reporting: No one wants to be stuck with bad credit forever. The only way to get out of a bad credit situation is to pay your loans off and also make sure your payments are reported. Not all buy here pay here dealerships report credit but we work with a company that does. The best way to increase your credit profile is financing a car at a buy here pay here dealership. Short-term loans: The shorter the better when it comes to buy here pay here. The goal is to pay your car off as fast as possible to increase your credit score as well. At our buy here pay here car lot, our loans are less than 3 years. You’ll lose less on depreciation this way, and be able to sell your car for more money once you’re done paying it off while also boosting your credit rating. 30 – 45 day down payment grace period: If you have a low down payment but need a car today we can finance you. You can come in for as little as $99 down and drive away with a car today. That way you can keep your life moving forward while paying off the rest of the down payment over the next 30 – 45 days. 60 days to your first payment: At Econo Auto Sales you won’t have to make your first payment for up to 60 days. That’s no first payment for 2 whole months! Fully serviced and discounted service: All of our cars are maintained and fully serviced before being put up for sale. If you have any car issues we can get you the best rates on anything that needs to be fixed. We have a network of independent mechanics who give us dealership discounts. Financing through us gets you a discount as well. Top dollar for your car: If you want to sell your car and need cash fast we can help. We will give you cash on the spot. We also accept all of your trade-ins.

Questions to ask your buy here pay here Colorado dealership

There are some basic questions anyone should get answers for from a buy here pay here Colorado dealership before you buy a vehicle from one. By asking these questions you can be sure you get the right car for you and your family. You’ll also better understand how the financing works as well as the used vehicle market in general.

What do I need to bring?

You can realistically walk right into a Colorado buy here pay here dealership and leave with something you like in under 2 hours! That is only if you bring what’s on the list below. All these items do is verify that you are the person you say you are. Buy here pay here dealers take on a bigger risk because they don’t have a bank to back them up. All the financing is done in-house. Here’s what you need:
    • Colorado Driver’s License
    • Proof of Employment
    • Proof of Colorado Residency
    • Proof of Auto Insurance
    • Recent Pay Stub
    • Social Security Number
    • Financial Information
    • Down Payment
    • Reference List (with full contact information)
Bringing the things on this list will help the BHPH process move along much faster, but you should call ahead to the dealer and find out what exactly they’ll need from you before you visit their lot. You won’t need all these things right away, but it will move the overall verification process along much faster.

What is the quality of the vehicles?

Knowing how the dealership cares for their vehicles will tell you if the car is in a reliable condition or not. Ask for the vehicle inspection report. If the car lot doesn’t offer one, you can always buy it on your own. It’s a small investment for peace of mind. Also, ask if they handle all the mechanical repairs themselves or if they have a partner that works on the cars for them. In Colorado, since emissions tests are required, any vehicle purchased from any auto dealer must pass emissions in most cases. Be sure you spend a decent amount of time driving the vehicle as well. If there’s a check engine light on, make sure the dealership puts it in writing that they will take care of it. Most of the time a check engine light is a minor issue, but you don’t want to inherit the dealership’s problems.

Is the buy here pay here near me?

Seems rather obvious, but find out where they’re located. You should find a BHPH dealer that is closer to where you live rather than further away, if possible. You don’t want to drive halfway across Colorado or four towns over to make your payments. It would eventually become tedious. Most BHPH places won’t work with you if you are too far away anyway. This is to make sure that you can make your payments on time. Living too far away from the store can cause the dealer to doubt your ability to come in each time to make your payments. That, of course, brings us to our next question:

How is the financing arranged?

Most Colorado BHPH dealers want you to bring the money to the lot directly. It makes it easier, with less confusion then you know the payment was taken and they know you made the payment. There are some dealerships that accept other methods of payments too. Some may accept a credit card over the phone, money order, or even a deposit. Just as it is important to know how they take payments it’s also important to ask about Late Policies.

What is the late policy?

Is there a grace period in case an emergency comes up or a check comes out short? Will they contact you before they take the car back or take it without questions asked? You may also want to ask if they report the negative data as well as the positive to the credit reporting agency. If they report often to them and you have a good payment record this can really help you build or rebuild your credit.

 Other FAQ’s:

Does Buy Here Pay Here Require Full Coverage Insurance? If you you buy with in-house financing, then yes, full coverage insurance is required. If you buy with cash, then no, it’s not required. But in Colorado, you will have to provide proof of insurance to register your vehicle, regardless of how you acquire it. Do Buy Here Pay Here take trade-ins? Yes, and you can use your trade-in as part (or all) of your down payment.