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.
What is a buy here pay here?
If you have credit problems or bad credit in general then a buy here pay here may be your only chance at getting financed for a car. Most dealerships require a 700 credit score or above.
A buy here pay here dealer accepts all kinds of credit scores and credit issues. Credit issues they will finance you with include but aren’t limited to repossessions, foreclosures, bankruptcy, missed payments. It’s called buy here pay here because you buy directly from the dealership and pay them. Oftentimes they only accept cash and/or online payments.
How do I know I need to go to a buy here pay here dealership?
If you have any credit problems or a credit score below 700 your best bet is to go to a buy here pay here dealership. If you move around a lot or don’t have stability in your current job then a buy here pay here dealership in Denver or Thornton is your only choice.
We get a lot of customers who come in that we finance who have previous repossessions, foreclosures, bankruptcy, missed credit card payments or outstanding medical bills. Buy here pay here is also called second chance financing because it helps people get back on their feet.
What kinds of cars can I get at a buy here pay here dealership?
Most buy here pay here dealerships have a wide range of models to choose from because they deal with so many different situations. They have mini vans, trucks, SUV’s, hybrids, cars, mid-sized sedans, full sized vans and more. The models they carry include Pontiac, Ford, Toyota, Honda, Mercedes, BMW, Chevy, Saturn, Chrysler, Hyundai, and more.
Do buy here pay here dealers in Thornton or Denver service their cars?
They aren’t required to service their cars and all cars are sold as is no warranty expressed or implied. Still, the best buy here pay here car lots fully service their inventory before selling it. They want to make sure they have a lasting relationship because they will be paying their payment directly to the dealership.
A big part of business is word of mouth and the last thing a buy here pay here dealer wants is bad reviews online or a poor customer relationship. Because payments are made face to face everything has to be as smooth as possible. Basic maintenance can prevent bigger problems down the road. The best buy here pay here dealers in and around Thornton take the time and money to make sure their inventory is street ready and reliable.
Can I rebuild my credit while financing at a buy here pay here dealership in Thornton?
Buy here pay here dealerships aren’t required to report your payments but the best ones do. Reporting your car payment rebuilds your credit score which results in lower interest rates on future loans which means you will save a lot of money over the long run.
Companies use your credit profile to determine how high risk you are. The lower your credit score the more high risk you are to loan money to. Financing at a buy here pay here dealership can help you rebuild for the future while also keeping your life moving in the right direction.
What about down payment?
Down payment is required as most places pay all your taxes and fees up front. The more you put down the less you’ll pay over the long run. Because there is interest involved if you put down a larger down payment you won’t have to pay so much in interest in the long run. You’ll save thousands over the length of the loan.
If you don’t have much money down there are buy here pay here dealerships that will give you a period of time to complete your down payment. Some places will accept $99 down and let you drive off with the car and give you up to 45 days to pay off the rest. They will also give you 60 days before your first payment is due.
If you have bad credit and live in Thornton, Denver, Lakewood or Aurora we can finance you. All you have to do is give us a call and we can pre-finance you over the phone in 5 minutes or less.
Our program is based around stability and not credit score. We can give you up to 45 days to complete your down payment and 60 days to make your first payment. Call us now 303-623-1926.