How Does Buy Here Pay Here Work?

A buy here pay here dealership is a car dealership for anyone looking for the simplest way to get a low down payment and low monthly loan repayment on a new or used car. Although buy here pay here dealerships are becoming more and more popular across NC for anyone looking for the best deals, AutoMax has become one of the busiest dealerships around. Our two dealership locations daily serve customers from Raleigh, Chapel Hill, Rolesville, Louisburg and Durham. We often car for people with little or no credit, as we are a car dealership that also finances cars as well as selling them.

For decades, car dealerships have been a one-trick pony, selling vehicles in a flashy showroom for a markup and moving on to the next customer. We believe that a car dealership can be so much more than that. In one of the most exciting disruptions to the automotive industry this new millennium, buy here pay here dealerships do not send you away to deal with a third party when it comes to the car loan. Instead, we offer the car loan to you directly.

Would it make sense for you to go to a fast food restaurant and when it came time for the food to be served you were told you needed to go to another store to get your soda? No, and it doesn’t make sense from a business point of view for a car dealership to force you to go to a bank to get a loan - a bank that more often than not turn you away.

There’s efficiency in you being able to get everything under one roof and it drops some of the costs of having to deal with a third party. This means that you could potentially get a lower interest rate or monthly repayment on your vehicle if you choose a buy here, pay here dealership.

More important to some, it allows us to be much more flexible when it comes to customers with poor or no credit. Banks and large lending organizations always look at your credit score to determine how much of a risk you might be to lend money to. It’s a poor system really that doesn’t tell the whole story about your financial system. As we handle the lending ourselves, we can see whether or not you’ll be able to make the repayments based on whether you have a job. It’s pretty much as simple as that.

How Can This Benefit You?

  • One-stop-shop - If you are out of options when it comes to getting traditional financing from a dealership the best option is a buy here pay here dealership. Not only can you get a great car and a great deal on a car, it is all in one place. You do not have to go all over town look for financing.
  • Quick and easy - If you are in need of a car and you have a lack of credit options a buy here pay here dealership can be very quick. When you go to a traditional dealership it can take you all day long to buy a car because they have to contact traditional banks and work out the financing. You can get in and out of a buy here pay here dealership in an hour or less if you wish.
  • The cars are reliable - Not only can you get a car that has low mileage and a great price you can get favorable financing terms. Buy here pay here dealerships are typically small businesses so be armed with the knowledge of what the car on that lot is worth and what would be a fair interest rate based on your creditworthiness.
  • Local and personal - You are helping your local economy by buying from our lots. You are not buying from a big giant corporate dealership conglomerate that does not care. You will deal with an individual owner that knows you and you can pay in person. 
  • Credit history isn’t important - If you have a bad credit history or no credit history these small business owners will take a chance on you when no one else will. They not only will give you a chance to drive which can help you thrive economically, they may also be able to help rebuild your credit which can help your entire future. Buy here pay here dealerships are becoming an important part of the landscape across America, and we’re proud to be one of the most popular buy here pay here dealerships in NC.
  • Avoid overspendingBuy here pay here dealerships in North Carolina check your purchase power before you go choose a car. They tell you how much they will lend and how much you qualify for without negatively affecting your credit score. This can be helpful for the credit challenged or lower income buyer and stop you from overspending. The owner tells you how much they are willing to lend you and that helps you stay within your budget.

With a little effort and knowhow buy here pay here lots are a clear win-win. They will oftentimes give you a great car at a great price that you can afford when no one else will take a chance on you.  As long as you choose a trusted buy here pay here dealership like AutoMax in Youngsville and Henderson you can hardly go wrong. We offer great deals and we’re proud of being able to help hard-working Americans get on the road each and every day.