Buy Here, Pay Here Saves Time and Money for Busy Car Customers
When you purchase a car at a Buy Here, Pay Here car lot, the car buying process is made to be parsimonious and flexible for customers through the in-house financing service options available to customers who are looking to intelligently purchase a used car satisfyingly quick.
The Buy Here, Pay Here business model simplifies the process of purchasing a car for customers, by providing them with various financing options that allow for convenience and personalization based on each individual customer’s financial need, employment history, and credit history.
The Buy Here, Pay Here business model is able to identify and connect with a largely underrepresented and underserved customer base that is demanding great deals and flexible financing options on used cars.
A Better Way to Buy a Car
Buy Here, Pay Here car lots service customers who have a wide range of financial credit histories. Individuals who may have been denied financing options at more traditional dealerships will find that the alternative financing options offered by Buy Here, Pay Here dealers will provide a range of bargains on used cars in addition to minimizing the intrusive credit check process, providing competitive loans and interest rates, and negotiable fee structures.
Buy Here, Pay Here dealerships are designed to take banks and financing institutions out of the equation of purchasing a car.
Buy Here, Pay Here dealerships act as a one-stop auto-mall service, where customers can select the exact car that matches their lifestyle and needs, negotiate the asking price based on the fair market value, and finally sit down with a financial planner to determine the loan financing options for purchasing the car without having to seek out high-interest private loans on their own from external banks or other types of predatory financial lending services.
The Buy Here, Pay Here method was developed to allow customers to focus more on the vehicle of their choice, instead of becoming worried and anxious about how they will pay for their vehicle.
The Benefits of the Buy Here, Pay Here One Stop Shopping Service Center
Buy Here, Pay Here service centers and auto dealerships offer a wide range of highly talented, expert, and knowledgeable car dealers on staff who will help customers tour the car lots that contain a vast portfolio of car types, makes, and models available within their inventory based on the personalized needs specific to each customer, their financial goals, and lifestyle preferences.
Because traditional dealerships rely on antiquated methods for assessing creditworthiness, they often are required to deny loans and financing options to potential customers who have less than stellar credit histories. Buy Here, Pay Here dealerships do not engage in the prejudicial and discriminatory financial loan application practices that traditional banks engage in. Instead, Buy Here, Pay Here is willing to work with each individual customer based on his or her financial needs, in a highly personalized, efficient, and professional manner.
Customers who can demonstrate that they are currently employed and able to offer a negotiable down payment will be offered flexible interest rates, transparent fees, and an amazingly high-quality automobile of their choice to drive immediately off the lot.
Regardless of whether an individual has a superior credit history or a bad credit history, Buy Here, Pay Here car dealerships work with each customer, negotiating financing options, developing a payment plan, and managing communications regarding any and all customer service needs.
Investing in a superior car from a Buy Here, Pay Here car dealership is truly an investment in your own career and income potential. Buy Here, Pay Here dealerships provide car services that are designed to help customers leverage their potential in order to increase their class mobility, both literally and figuratively, by being able to offer customers the ability to safely and efficiently commute to new locations for economic opportunities.
What Segment of the Population Shop at Buy Here, Pay Here dealerships?
Buy Here, Pay Here car dealerships are no longer a niche market, and instead BHPH represents the fastest growing business model that is expanding across the U.S. due to changes in the economy.
In the current service-based economy, where customers are commuting further and longer than ever before for seeking out economic and employment security, Buy Here, Pay Here dealerships have come to represent a sensible and professional approach to offering customers used cars on-demand.
Buy Here, Pay Here dealerships are truly a one-stop model of integrative services that offers both the car for sale and the in-house financing options all in one single location.
With a simple loan application process and an extremely large inventory to select from, customers always walk away from Buy Here, Pay Here dealerships with a large smile on their face and looking towards their brighter future.
Loan Financing Options at a Buy Here, Pay Here Dealership
A traditional loan is money borrowed, plus interest and loan servicing fees, for the cost of the car from a bank or specialized financing institution that provides a fixed term for paying off the loan with competitive interest rates and fees that largely depend on a loan applicant’s credit history, employment, and salary records.
However, at a Buy Here, Pay Here car dealership, the customer service center’s financial department will offer specialized rates that are individualized to each customer based on their employment history, instead of their credit history.
Buy Here, Pay Here dealerships can offer competitive rates and payment plan structures because they provide subprime loans and fees that are transparent and clearly specified in each individual loan contract.
The monthly payment towards the car loan covers the interest rate, payment towards the principal balance, and miscellaneous fees for processing the loan application and registration for the vehicle. Car loan terms range from 24 to 48 months depending on the specifications of the contract. Once an individual pays off the car loan, fees, and interest, they then take full possession and ownership of the car title. However, failure to pay off the loan can result in repossession, civil penalties, and possible criminal charges.