Owning a car is a necessity in many places, especially if you live in a suburban area with a lack of public transportation. The good news is that you don’t need excellent credit in order to purchase a vehicle. In fact, there are many dealers who will finance your purchase at their lot.
You may have seen the signs advertising for buy here pay here at car dealerships around town. People who usually shop for cars at these types of dealerships have poor credit. Even though you may have less than perfect credit it does not mean you are a bad person.
Things happen in life that causes our credit to take a hit which is why many car dealers have decided to offer a service called buy here pay here. It is a simple process where you pick out the car you like at the dealers lot, then they will make arrangements on how the payments are to be structured.
Since you most likely have a low credit score, expect to pay higher fees and interest at these types of dealerships. The good news is that you can get a really good car with low miles if you are willing to shop around. It is important that you don’t let the dealer take advantage of you because of your situation. Never tell them you are desperate or need something right away because then they might end up charging you more money.
Don’t be afraid to walk away from a deal if you think that they are charging too much. Many times we make emotional decisions when purchasing a car, but you really need to stop and think if you can afford the monthly payments. If you simply walk away, the dealer may come back to you with a better price.
Even though you have credit problems don’t let that stop you from getting a decent vehicle. Buying a car from a dealer and making payments directly to them is a great way to finally get the transportation you need.