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Buy Here Pay Here Alternative finance or buy here pay here car dealers offer in-house financing for qualified customers. Buy here pay here is an industry phrase used when a customer purchases and finances a vehicle directly from an auto dealership. What type of vehicle can I purchase? Many of the pre-owned vehicles in our inventory are eligible and we will do our best to put you in the vehicle that not only meets your needs but is affordable. Nearly every vehicle is eligible for an extended warranty. Should I find a vehicle before applying for an auto loan? No, please consult with Richard Croft , Mike Penner or Rick Croft first. They can determine how much you qualify for before you begin shopping for a vehicle. How much will I qualify for? The loan amount will vary based on a number of factors such as your employment history, monthly gross income, credit history and down payment. All decisions are made locally. It is our goal to help put qualified buyers in the vehicle that meets their needs and is affordable. How much of a down payment will I need? The down payment will vary based on a number of factors such as the total cost of the vehicle, length of the loan and your credit history. Can I trade in my vehicle and use it as the down payment? Yes. If there is lien on the trade vehicle, additional cash may be required in addition to the trade-in. What are the minimum qualifications? There are no minimum qualifications. Each customer will be evaluated based on employment history, income and credit profile. Customers with a better credit profile for example, may not have to meet the income and employment criteria. What are the payments? Payments are based on your credit profile and the vehicle you are purchasing. Newer, lower mileage vehicles will qualify for longer term loans which will lower the payments. Additionally, payments will be made weekly, bi-weekly or monthly based on when you are paid. What is the interest rate? Rates will vary. It is our goal to put you in a vehicle so we will provide you with the best rate based on your credit profile, the amount of down payment, total value of the vehicle and the model year. Will inquiries affect my credit rating? If you are shopping for auto loans, it is important to know that dealers or finance companies will check your credit with credit reporting agencies. Too many inquiries can be interpreted by creditors as negative. So, too many inquiries can make it more difficult to get an auto loan. Should you be interested in discussing alternative financing, Please contact : Rick Croft, Mike Penner or Richard Croft.
They can be reached locally by calling 580 –596-3348. or 1-800-475-8033
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