Pay Here Buy Here or Buy Here Pay Here? Is There a Difference?

Most people have seen a buy here pay here establishment on the side of the highway without having known that is what they’re looking at. Usually, buy here pay here dealerships loudly and brightly advertise their cars, their down payment amounts, and their ability to finance without looking into credit.

All these things are potentially good reasons to work with a buy here pay here dealership. After all, not everyone has perfect credit, and most people cannot afford a quality used car outright. But there are many other reasons why it’s a good idea to buy from a buy here pay here dealership that aren’t limited to a person’s credit history. We’ll get into these later, but first, we want to address a common misconception regarding buy here pay here establishments.

Buy Here Pay Here Vs. Pay Here Buy Here

Fill Out An Online Financing Application

The first step in getting a car through a buy here pay here dealership is to figure out what kind of payments you can make. Although you can buy a car at a buy here pay here dealership outright, most buyers usually finance through the dealership.

Reputable buy here pay here dealerships, like Auto Bank, provide potential customers with a way to apply for financing online. Although this is not the case for all buy here pay here dealerships, most do not make their lending decision based on credit. Applications might ask for a social security number and might perform a credit check, but this is merely to inform an overall financial situation.

The application for financing will also ask you about your monthly income, your other financial obligations, and how large of a down payment you are willing to make. All these answers will help the dealership get a better picture of what you can reasonably pay per month. This ultimately benefits both the dealership and the customer. The customer never feels strained to make payments, and the dealership doesn’t worry about whether or not the customer will be able to afford payments.

Visit The Dealership And Check Out The Cars For Sale

Once you submit your application, you’re ready to visit the dealership and check out the cars for sale. Typically, buy here pay here dealerships will approve your application for financing reasonably quickly, so you’ll be given a financing quote. This will help you shop for cars by giving you a budget.

Based on the budget you get from your financing application, check out cars you are interested in. The dealership will likely help you find a vehicle you like based both upon your interests and your budget. Therefore, it’s great to have an idea of the type of car you’d like. The chances that the dealership will have the exact make, model, color, and type of car that you want are relatively slim. However, dealerships like AutoBank are more than willing to find you a vehicle that is as close to what you were looking for as is possible.

Find A Car And Sign The Paperwork

One of the most useful things about buy here pay here dealerships is that you can find a car, finance a car, and drive away sometimes in the same day. They are rapid and convenient places to buy a car, which makes them an optimal choice for people who need a vehicle quickly.

Once you find a car, you’ll meet with a dealership representative and sign the paperwork. Paperwork at a buy here pay here dealership includes payment terms, information about the vehicle, and basic terms and conditions. Once you complete the paperwork, you can drive away with your new-to-you car!

Are There Any Limits To Financing Through A Buy Here Pay Here Dealership?

Buy here pay here dealerships are top-rated because they have relatively relaxed terms. However, some conditions need to be followed. You usually must be 18 years of age to qualify for financing through the dealership. Additionally, you need to make a base amount of money each month after taxes. For Auto Bank, our limit is $1200 or more, which most people make with a part-time job alone.

Finally, the most essential part - you must have a valid driver’s license. Without a driver’s license, your application will likely be denied.

Buy here pay here. Pay here buy here.

The wording doesn’t matter. What matters is the great deals you get at these dealerships. Buy here pay here dealerships are well known for helping out those who might not have the ability to purchase from a dealership or a private seller. So, if you see one of these dealerships, like Auto Bank, consider stopping by. You’re sure to find something that you’re interested in at a great rate.

For the best used car prices in the Kansas City area, turn to Auto Bank. Like many other buy here pay here dealerships, we offer a variety of used cars for affordable prices. But we strive to do more as your hometown used car dealership. We get to know each one of our customers to get them the best deals possible and maintain a long-term and genuine relationship with them.

To learn more about the cars and financial services we offer, click here.