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Understanding How Buy Here Pay Here Dealerships Work

Humans are naturally curious. From the time we are born, we seek the answers to the things that fascinate us. As we get older, we end up asking for the answers to more than just the things that interest us. We become curious about events and objects that will directly impact our lives. We grow to learn that it is best when you can get the full picture before you jump into any big decisions. This goes doubly for thinking about big purchases like cars. All potential car owners want to make sure that their investments will be sound and that their money will not be wasted.

At Auto Bank, we think we know why potential car customers stay away from buy here pay here dealerships. We believe that it is because they do not understand how the process works. Purchasing from a buy here pay here dealership is no more fearsome than purchasing from any other dealership. Here’s some insight into how the process works and some reasons why you should consider purchasing from a buy here pay here shop if you need a car.

How the Buy Here Pay Here Process Works

The buy here pay here car buying process is a little different than your typical car buying process. For one, you don’t start out shopping for a particular car. Many car buyers believe that searching for a specific vehicle is the best way to get started on their car-buying process. You’ll want to do a little research but shouldn’t get their heart set on a particular car. The reason? Buy here pay here dealerships want to get their customers vehicles that both work with their personality and that work with their financial status.

So, customers hoping to purchase a car from a buy here pay here dealership should do a little research on the type of car that they want. Are they hoping for an SUV? Do they want the reliability of a Toyota but don’t care what kind of Toyota they get? All these types of questions are great to have when you go into the dealership. Once they have an idea of what they might like, customers should apply for financing. At Auto Bank, this process can be done online or in-store. Once customers apply for funding, they will meet with a dedicated employee at Auto Bank who will go over the amount they were approved for financing. From there, they will be shown cars that fall under the category of vehicles they like as well as vehicles they can afford with their financing amount.

If a car tickles their fancy, they can sign and drive the same day! If it doesn’t, Auto Bank can get in touch with them when new vehicles that fit with their interest come into stock. Buying from a buy here pay here dealership is simple and easy, and most of the time our customers drive away with a new-to-them car the same day.

Buy Here Pay Here Car Buying

How Can I Finance With Credit Issues?

If you’re reading this, chances are likely you or someone you know has been denied financing because of their credit. But financing with a shaky credit history is still possible! At buy here pay here dealerships, financial teams understand there is more to your financial worthiness than your credit score. Your application for a buy here pay here car will depend on a broader financial picture. This will include your other monthly financial obligations, your monthly income, and your debt to income ratio. What’s better is that going through the process might help you learn a thing or two about your finances. If you haven’t calculated your debt to income ratio before, you’ll be able to do so here with the help of people who have calculated these things previously.

Reasons to Consider Buy Here Pay Here

  1. You can gain access to a car quickly. The buy here pay here process at places like Auto Now is easy, and often you can drive away with a new-to-you vehicle the same day.
  2. Your credit score is not the most significant determining factor. Some buy here pay here dealerships might run a credit report. However, it will never be the determining factor behind whether you are offered financing on a car. Buy here pay here dealerships consider your monthly income, expenses, and other financial factors over your credit score to help you find the best car.
  3. The buy here pay here process helps you rebuild your credit. While not all of our customers have credit issues, those who do find that they can rebuild their credit relatively quickly after purchasing a car through our business. This is because we work with them to make sure that monthly payments are both comfortable for their financial lifestyle and that they make more substantial payments so that they are closer to ownership than you might get with a new car dealership.
  4. Your used car will be in better shape than a car you find on the internet. Buying a used car can be a great deal -- that is if you find a used car that works well and doesn’t have a ton of issues. Certified pre-owned car dealerships must stick to rigorous standards to keep selling cars. Therefore, you can believe that each vehicle we sell is road-ready and in its best condition.

Auto Bank is located in Kansas City, but proudly serves the surrounding metro area, including Gladstone, Kansas City Northland, Parkville, and Liberty. We bring each of our customers a unique and tailored car purchase experience. This experience ensures that they get the right car for them when they come into one of our locations. With dedicated and friendly staff and mechanics who know their stuff, Auto Bank is a leading buy here pay here dealership in Missouri. To get started with your car purchase experience, stop by one of our locations in Kansas City. Whether you come to the 2000 East Truman Road location or the 6901 East Front Street location, you’ll receive the same quality assistance.

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