Can I Really Get Approved For Car Financing at a Buy Here, Pay Here Dealership?
Why You Need to Take a Modern Approach to Buying Your Next Used Car
Do you have a good job, but bad credit? If you’ve been turned down at traditional used car dealerships near you because of past credit issues, it may seem like purchasing a quality used vehicle for your daily commute is impossible.
There’s great news! Buy here, pay here dealerships are here to help you get behind the wheel of a quality used car - even with poor or no credit. So, how can these modern buy here, pay here dealerships approve you for car financing after a few bumps in the road with your credit?
Read our quick guide on buy here, pay here financing, and get ready to drive off into the sunset in a high-quality used vehicle from Quick Auto!
What’s the Difference Between Traditional and Buy Here, Pay Here Financing?
Buy here, pay here dealerships offer car financing to consumers directly, without using third-party credit approval. This makes these particular used car dealerships an all-inclusive solution to finding car-finance when you have zero or bad credit.
Traditional used car dealerships have an outdated approach to credit approval. Not only do they use third-party sources to approve and finance your car, they also look at every single detail in your entire credit history report.
At Quick Auto, we see a tremendous problem with this old approach to car finance. That’s because your finances aren’t the same as they were a few years ago. If you have the income to comfortably cover your payment, proof of residency, and a valid U.S. driver’s license, it doesn’t matter if your credit has taken a few hits from things like medical bills and past credit card debt.
So, if you can’t stand another rejection from a traditional used car dealership, talk to the sales team at one of our buy here, pay here dealerships near you, and see how our in-house car financing can get you behind the wheel of a nearly new vehicle ASAP.
How Did Buy Here, Pay Here Dealerships Get Started?
In the 1970s, a savings and loan crisis dramatically affected the United States, which put unemployment at a record high, and made getting car financing almost impossible. America was also switching from a manufacturing-based economy to a service-based economy, which means many people needed to make longer commutes to work and would need a reliable car to get them there.
Unfortunately, banks would not approve anyone who may have had any issue with unemployment or other credit challenges. Not only did this prevent hard-working Americans from getting a quality-used car, it left many used car dealerships with an overstock of vehicles.
As a result, buy here, pay here dealerships began offering car loans through a related finance company (RFC) that could approve customers with zero or bad credit. RFCs allow buy here, pay here dealerships to make sales and approve loans at the same place, which not only streamlines the approval process, but lets people drive home in their nearly new car without any added hassle.
Buy Here, Pay Here Financing Offers You a Second Chance
Although Quick Auto buy here, pay here dealerships don’t comb through credit history, our second-chance-financing allows you to buy a reliable used car to get you back and forth from work while you rebuild your credit.
That’s right! Buy here, pay here financing is an excellent way to get your credit reestablished, because when you make your car payments on time, we report it to the three major credit-reporting agencies in the United States. Over the course of your loan, you can expect your credit score to improve with timely payments.
At Quick Auto, making your car payment is easy! You can send in your payment online, make it over the phone, or stop by one of our seven buy here, pay here dealerships near you. We have convenient locations in Elkhart, Hammond, Highland, La Porte, Mishawaka, Portage, and South Bend. Come by and have a friendly chat with our sales team while you make your payment - we’d love to see you!
Is Applying for Buy Here, Pay Here Financing Really That Easy?
Yes! Quick Auto sees no reason why you shouldn’t be approved for car financing, even with past financial situations that have previously held you back. Take a look at the few simple items you need to get behind the wheel of a nearly new vehicle at our buy here, pay here dealership:
After you’ve been approved for buy here, pay her financing, you can browse our inventory, and test drive any used car that catches your eye and suits your budget. If you have questions about car financing, just contact us online, or visit one of our buy here, pay here dealerships near you.
Come To Quick Auto and Drive Away In a Used Car Fast!
Past bankruptcy, bad credit, or no credit, it doesn’t matter! As long as you have a regular paycheck, you have a car at Quick Auto. Just bring in the necessary paperwork, and our team can get you approved for car financing in as little as thirty minutes.
So stop wasting your time at traditional used car dealerships, and get to a Quick Auto buy here, pay here dealership near you. You’ll quickly see what the difference is all about. To find out more about car financing or how to get to one of our modern used car dealerships in Indiana, Illinois, or Michigan, contact us online, and we’ll get back to you ASAP.
Quick Auto offers online car financing approval, which means you can apply for your next vehicle anywhere from your smartphone! Just enter your information, and we’ll get you approved for buy here, pay here financing in no time.
