Car Dealerships That Finance Anyone
If you are looking for a used car, chances are you have a low credit score. With low credit scores or bad credit history problems, many lending banks refuse to finance as they do not want to risk losing on the loan they provide. There are other ways to finance customers for their used car. The way to go is Buy Here Pay Here Financing. Some call it the in house financing instead but it really is the same thing. These car dealerships advertise with slogans such as: We Finance Anyone Car Dealerships or simply as We Finance Anyone. Here is how it works.
With an old fashioned used car dealerships, the dealership has many cars that they sell with a middle man banker. The customer thinks he is buying a car from the dealer, but it is really as if he bought the car from the bank. The bank pays the dealer the money for the car and the customer pays monthly payments to the bank. This makes the bank decide on the financing terms and credit score criteria’s to be accepted. But with a buy here pay here financing, the dealers finance the loan directly to the customer. The loans’ terms are decided by the dealership and there is no second-party banks making the rules. This is great because the dealerships do not require credit checks and hence can claim “We Finance Anyone” because there is no rejected credit scores. All credit scores are accepted hence they are car dealerships that finance anyone.
Prove that your financial situation can allow you to make a payment and you would be approved for that payment plan. Your financial situation really is the deciding factor for your loan amount and financing terms.
To get started, there is a quick online application available to customers. After applying, the information is filtered based on financial situation, to the best buy here pay here financing dealership(s) in the customer’s area. Some dealerships require high income and some don’t mind low income; some dealerships want good down payment while others offer zero down payment incentives. Based on the information that you provide, you will be pre-approved for the dealership that fits your financial situation. But keep in mind the buy here pay here car lots do not check credit score. Your application will be pre-approved as we finance anyone. You will then be contacted by the used car dealership for appointment time and can drive the same day, it is that fast.