Buy here finance 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 which in turn improves your financial scores. Having a higher credit score lowers your interest rate and raises your financial profile in the eyes of any company that you can get a loan from, including a bank or other finance company.
One of the complaints of buy here and pay here dealerships are the prices. This isn’t by accident that they are a little higher than if you
What is the buy here pay here advantage? There is a lot of confusion out there on buy here pay here and how it all works. The basic idea is that it is a way to finance someone who has bad credit or no credit. Bad credit issues that a place like Econo Auto Sales will work with are bankruptcy, foreclosure, missed payments, repossession or any other related issues. If you can’t get financed through a traditional bank or credit union contact us and we can work with you.
Advantage #1: Financing a car with no money down
Financing a used car with no money down sounds good at first but when you take a look at the numbers it’s not always the best route to go. Uncle Sam always gets his cut and car dealerships are no different. Econo auto Sales pays your taxes up front and a small down payment won’t always be