Buy Here Pay Here Car Dealerships

Jan. 10, 2014 - PRLog -- 01/09/2014 -- The website  http://www.approvedtodrive.us/ is now serving nationwide customers.  Customers with credit history issues and concerns who are looking to finance a car can now access the online application.  The application is processed by an automatic filter.  This way, based on the financial criterias the customers supply, the applications are pre-approved and sent only to the dealership(s) that matches the applications.  The website has been expanding its network of dealerships as this gives customers better matches and a larger variety of pre-approved dealerships to buy from.

With the slow economy, many customers have seen their credit scores falling drastically.  As the credit score plays a big part of car loan bank approvals, this has led customers to believe that they can no longer get approved for car loans. This is not the case as many car dealerships are moving toward direct financing without a third party bank so as to avoid a bad credit check dilemma.

Customers often waste their time looking for cars with dealerships that do not approve them after all.  They finally resort to Buy Here Pay Here car dealerships for a second chance at driving their own car again.  These customers get some relief when they learn that with their credit history problems, they still can own a car.

The site http://approvedtodrive.us/ works with dealerships that give loans to bad credit customers directly. This makes it too risky for the dealership so to avoid the risk of losing on their sale, they look for financial stability of the customers.  The better and more stable a customer is with his financial situation like income and residency, the higher the loan can be.  Off course, higher loans mean better cars or later models.  Usually the cars offered are not new or like new condition.  But that does not mean they are bad.  It just means that you are better off testing the car well to be sure of the quality of what you are buying.  It also helps to bring your own mechanic to the dealership, if allowed.

The site http://approvedtodrive.us/ is ment to help customers locate the dealership(s) that works best for their financial situation.  Not every buy here pay here dealership will be the same.  Some offer better deals than others.  Also some of them require a certain minimum income to finance a car.  Once the customer fills out an application online, their inputs directs their information to the best fit dealership in the customer’s region.

Some talk bad about buy here pay here dealerships because they do not help improve your credit score.  But if you have credit problems and do not want to put a great down payment, you are better off using this kind of financing.  It is true that buy here pay here lots do not help improve your credit, but this is because they often never deal with the credit bureaus at all.  They do not check your credit upfront and later never report your payment activities either.  So if you pay on time, no one would know.  But in the other hand, if you end up paying late, no one else would know either. So you can’t hurt your credit either.  Infact, you get a fresh start with a used car that you can use to drive to and from work to make more money to pay your other bills on time and improve the credit this way.

An interesting point that http://www.approvedtodrive.us/ makes is the difference between how a bank financing and Buy Here Pay Here Car Lot financing make the order of things.  With a bank financing, you find a car and then look for financing that works for that car.  On the other hand, with buy here pay here financing, you are first approved for a car loan and based on that you find a car that fits the loan.  This helps eliminate cars that are out of budget ahead of time.  This way you don’t get a broken heart by loving a car that is out of reach.

Customers can also read about buy here pay here to learn what it is and how it can help them.  The site can also be linked to their Twitter and Facebook accounts with icons in the bottom right corner.

Customers who are interested in learning more, can do so by going to:

http://www.approvedtodrive.us/