What Is Buy Here Pay Here?

Posted: Monday, July 9th, 2018

A Buy Here Pay Here dealership offers in-house financing options which often approve customers with low credit scores. While you’ll only have to put a small amount of money down, you’ll usually pay a higher interest rate than if you financed with a bank or another lender. Learn more Buy Here Pay Here pros and cons today at Green Light Auto Credit.

Should I Shop at a Buy Here Pay Here Dealership?

Find out if a Buy Here Pay Here dealership is a good fit for your needs:

  • Bad Credit – Oftentimes, bad credit makes it hard to get a new car loan from a bank or a dealership’s in-house financing department. While Buy Here Pay Here dealerships offer credit to customers without a sterling credit history, there are better financing options for buyers with bad credit.
  • Green Light Auto Woman posing with new Toyota Corolla
  • Interest Rates – The biggest disadvantage of a Buy Here Pay Here loan is its interest rate. You’ll usually pay less in interest over the loan term if you pick a financing source like Green Light Auto Credit.
  • Low Money Down – Many dealerships that offer Buy Here Pay Here only require a small down payment, and some don’t require any money down.

Any questions? Get in touch with Green Light Auto Credit to learn more about your financing options. You can even apply for financing online to find out just how low your car loan interest rate can be.