If you have bad credit or no credit but need a car, going to a traditional dealership might not be an option for you. However, a buy here pay here Columbus, OH car lot may be just the place for you to get back behind the wheel.
Here are some reasons why a buy here pay here may be the right fit for you:
1. They offer their own on-site financing
Unlike banks, buy here pay here dealerships offer their own financing. Because of this, they can oftentimes be more flexible with loan terms.
They don’t have to follow the same rules and regulations as more traditional financial institutions, so you have a better chance of being approved for a loan.
2. They look at more than your credit score
Buy here pay here car lots in Columbus know that you’re more than your credit score and that it’s not always the best reflection of your ability to pay on a loan.
Whether you’re young and just starting to establish a credit history, or if you’ve had some bad luck in the past that has impacted and lowered your credit score, it doesn’t mean that you shouldn’t have the opportunity to work toward improving your credit.
3. They will help you find a car that fits your budget
Let’s say you visit a typical car dealership and they approve you for a loan. The salesman might try to talk you into the most expensive car he can and isn’t going to take your current financial situation into consideration.
Buy here pay here dealerships like J.D. Byrider want to help you find a car that fits your budget so that you can break out of the bad credit cycle. You can sometimes even get qualified for biweekly payments as low as $150 every two weeks**.
4. They offer no or low down payments
Getting a down payment together for a car loan is always a good idea, but you don’t always have time to do so. If you need a car fast and weren’t planning on purchasing one, you probably don’t have a lot of cash to put down.
That’s no problem at a buy here pay here, as they often don’t require you to put much money down. At J.D. Byrider, you might even be able to drive away for as low as $0 down*!
5. They want to help you improve your credit score
Buy here pay here dealerships know that most of their customers want to improve their credit score so they can achieve future goals like getting approved for a mortgage or qualifying for a loan to start a new business. That’s why they will report all of your on-time credit payments to the three major credit bureaus–Experian, TransUnion, and Equifax–so that your full, on-time payments can gradually improve your credit.
6. They want to give you some piece of mind
Reputable buy here pay here car lots want you drive away with a dependable car. That’s why all vehicles that J.D. Byrider sells are clean-title verified and undergo a thorough 92-point inspection***. We also have our own low-cost, on-site repair shop in case your vehicle does require any future maintenance.
So if you find yourself needing a car but getting turned down when visiting a traditional dealership, don’t worry. A buy here pay here might be exactly the solution you’re looking for.