What Makes Buy Here Pay Here Car Lots Different?

The Kansas City area has a lot to offer. From decades-old distilleries, to parks, to museums, to world-renowned barbeque, there’s enough to keep a person occupied regardless of their interests. In addition to the local sights and sounds, there are also many places of business within the city—including car dealerships.

While these businesses might look the same on the outside, there are plenty of features that distinguish one car seller from another. Buy here pay here car lots, for instance, might look similar to your average used car lot. But if you can believe the old phrase, “there’s more to that than meets the eye,” you can guess that there are some fundamental differences between new car dealerships, used car dealerships, and buy here pay here car lots.

Here are some of the things you can expect when you shop at a buy here pay here car lot like Auto Bank of Kansas City.

1. You can get 100% of your financing in-house from a buy here pay here car lot.

Buy here pay here car lots are named aptly. At these dealerships, you can pick up everything you need in one sitting—including financing. New car dealerships work with outside financial establishments to help their customers obtain financing. While you can apply for financing at new car dealerships, you often must wait to be approved for a loan.

Used car dealerships that do not offer in-house financing require you to speak with banks and outside financial institutions to secure funding. However, buy here pay here financing is completed right at the car lot without a need to find and qualify for your own car loan. In other words, car lots like Auto Bank are a one-stop-shop for buying a new-to-you car.

2. You only see cars you can afford when you shop at a pay here buy here lot.

Auto Bank likes to be up-front with our customers, as well as help to make a sound purchase. It can be extremely tempting at new car dealerships to try and spend outside your budget. This is no one’s fault in particular—cars are marketed to sell quickly, so if you have a specific draw toward a vehicle, the enticing test drive and the chats you have with salespeople at a new car dealership can make you turn a blind eye to your budgetary restrictions.

The car shopping process at a buy here pay here car seller like AutoBank is drastically different than you might expect from a new car dealership, or even while shopping for cars online. Buy here pay here car lots are committed to helping people afford cars within their means. In fact, the first thing you’ll do when you visit AutoBank is apply for our buy here pay here financing. Based upon your application, they approve you for a loan amount, and you begin car shopping based on your approved amount. That way, you only see cars you can afford—which helps you make an informed decision, while leaving you with choices.

3. We don’t work with banks—so you don’t need to worry about the bank lending process or giving your information out to lenders you don’t know or trust.

Some new car dealerships offer in-house financing, but for the most part, they work with banks in order to be able to sell you a car. The most unfortunate part of financing a new car is that you often must work with two different establishments—the dealer and the lender—to get your vehicle.

Alternately, at buy here pay here car lots, there is no financing from a bank or lender with whom you’re unfamiliar. There’s also no need to visit several banks to find funding beforehand if you have poor credit. You can get everything you need at a car lot like AutoBank.

4. Buy here pay here car lots work with everyone regardless of their credit history.

Buying a car can be a particularly grueling process for those with a poor credit history. Bank loans are disbursed based on credit scores, and banks are wary of lending to those with below-average credit. This is an inherent flaw within the credit system. It’s designed to help banks and lenders determine your financial savviness, as well as making the process easier for those with good credit. However, it doesn’t always get the full picture. Many times, those with good credit scores might be denied because of past credit issues.

One of the many upsides of working with a buy here pay here car lot is that you get to know the people you are working with. The loan application process is not based on credit. Instead, we try to get your full financial picture, regardless of your credit score, to help you make the best financial choices possible.

5. The process can be done all in one sitting.

Car dealerships are designed to help people feel comfortable purchasing cars. They allow you to view a variety of vehicles all in one place, fill out paperwork in one sitting, and consult with professionals. However, one thing that most large, new car dealerships cannot promise is that they can do all of this in one day. New car shoppers usually pay a few visits to the dealership to work out the paperwork before they can get their car.

This isn’t the dealership’s fault. To obtain financing for their customers, they work with outside lenders. The inclusion of second parties is helpful because it allows the buyer to get the funding you need. However, it also complicates the process and draws out the time to ownership.

In-house financing allows us to cut out the middleman, which will enable you to fill out paperwork, sign ownership papers, and get financing for your car all in one space. Most of our customers can be approved and drive away with a vehicle on the same day.

Why not try out the buy here pay here car lot experience? Visit one of our two locations to get a better idea about what separates us from our competition. Save some time and fill out your application for financing online before you meet with us. Then, when you get here, you can shop until you find the right car for you.