Are you ready to get behind the drivers sear of a brand new car? Are you afraid of that not being a possibility because of your credit history? Don’t worry, there is hope. An individual with no or bad credit still may have a few options on getting a new ride.
Buy Here Pay Here Dealers
Most buy here pay here auto dealers make it possible for you to ride today! At a buy here pay here lot you may see signs that say things like “on lot financing”, “guaranteed approval”, or “we finance”. This means that they do not deal with banks or credit so they have the ability to finance you right then and there.
Even though buy here pay here lots may seem like the only options you must proceed with caution. Here are a few tips to help you purchase a car from a buy here pay here lot.
Shop around and do not buy on impulse. When you go on a lot do not let the dealer know how badly you need a car, keep them in the dark a bit. After all, they don’t need to know your entire situation.
Also, do not try to buy the first car you see. Look around a little bit and go around to different lots. This will also give you time to do research on cars you have already found that interest you. You can compare the dealers price to Edmunds or KBB as these sites will show you what your car is worth and how much you should pay for it.
Ask the dealer for a Carfax report. This will show you the history of the car so you don’t end up in a vehicle that has been through hell and back.
It is also a wise choice to take a family mechanic with you to look over car that peak your interest. Always remember that just because it looks nice, does not mean that it runs nice!
Hopefully these tips will prevent you from purchasing a bad car! Check out the video below for even more help!