5 Reasons a Buy Here Pay Here Car Can Work For You

It’s hard to imagine a time when cars were not part of mainstream life. The automobile did not gain popularity until after World War II, and well into the 1940s, the majority of American households did not have a car. Most walked to work, worked from home, or lived in cities where public transportation was readily available. The population of the United States has significantly increased, which means that more people have moved away from cities and opted to live just outside of them -- where public transportation can be limited at best. Cars are a necessity for millions of people, but that doesn’t mean they are easy to come by.

Don’t let an easy car purchase opportunity pass you buy. Here are five reasons why a buy here pay here car could be right for you.

Buy Here Pay Here Cars Offer In-House Financing

A reality for many Americans is that they won’t be able to afford to finance their cars through conventional means. A recent article by CNN pointed out that 40% of all Americans struggle to pay for just a $400 expense. Because part of the American dream is being able to save up a lot of money, this can create a lot of shame for those who can’t afford to save up for a significant expense like a car. Likewise, a majority of Americans have more credit than they do savings, which not only hinders them from purchasing a vehicle but also puts a strain on their credit score. When credit scores are too high, banks will either not lend to you or will lend to you at a higher credit rate, which is not the best long-term option.

Finding a car lot that has in-house financing remedies the issues that come from not having enough money to purchase a car outright. Buy here pay here lots will work with your monthly income restrictions and create a payment plan and loan amount that is customized to your needs. Not only does this take care of payment issues, but it makes it easier for you to purchase a car that fits your budgetary and personal needs.

Buy Here Pay Here Cars are Inspected and All Issues are Disclosed Before Purchase

One of the most dreaded parts about buying a used car is the fear of potentially getting a junker car on an online, secondhand platform. Sure, buying used can save you a buck, but if you’re buying directly from the previous owner, you are taking a huge gamble. Even if the owner isn’t trying to pull over a shady deal on the sale of their car, it is likely that there are things that the owner doesn’t know is wrong with their vehicle. For a diligent car buyer, this means spending time and potentially money to take a car in to get it looked at by a mechanic. For a car buyer that isn’t diligent? It means possibly thousands of dollars to fix a car you just bought.

Although buy here pay here car lots get a bad rap for seeming shady or unreliable, they are legally required to, at a bare minimum, disclose the issues that their cars have. Cars sold on buy here pay here lots will have a sheet available that will list every issue the car currently has on it. Reputable buy here pay here car lots, like Auto Bank of Kansas City, have warranties on their vehicles and will fix the issues that exist with the cars on their lot before sales. Buy here pay here lots are a safe and reliable option for those who don’t want a runaround when it comes to purchasing their cars.

Buy Here Pay Here Cars Take Less Time to Acquire

Potential car buyers can be discouraged by the whole car buying process because of how long it takes. Buying a used car directly from the owner means that you have to research the vehicle yourself, apply for funding yourself, and take the time to purchase insurance and registration costs before you even leave with the car. Buying new is no picnic, either. It still requires you to apply for credit if you don’t have the funds to purchase outright (which, most don’t). The process in both cases can take weeks.

Buy here pay here cars, like the ones at Auto Bank of Kansas City, have in-house financing options. The process to apply is easy, and in many instances, you can drive away with your new car the same day.

Buy Here Pay Here Car Lots Have a Greater Variety of Used Cars

Will you find a particular make, model, and color at a buy here pay here establishment? The chances are unlikely. However, with buy here pay here car lots you have a much more comprehensive range of cars to purchase from. Whether you want a newer car or an older one, you’ll be able to find something that suits your needs on the lot.

You Can Rebuild Your Credit With the Purchase of a Buy Here Pay Here Car

You already know that you can buy a car at a buy here pay here lot without an outstanding credit score, but did you also know that you can rebuild your credit while doing so? Because you make payments on buy here pay here cars as you would any other item that you financed, we report your payment history to credit bureaus. If you keep up on your payments, that eventually adds up and can ultimately boost your credit score. Additionally, the more lines of credit that you have open naturally boosts your credit score. So, if you’re in the market for a new car, why not opt for the purchasing choice that will help you the most?

Auto Bank of Kansas City serves the people of Gladstone, Kansas City Northland, Parkville, and Liberty, Missouri for all their car purchasing needs. With friendly, helpful staff who have been in the buy here pay here business for years, we can help you get the car that you need when you need it. Fill out an application form online and contact us today to see how we can help make a buy here pay here car right for you.