Beware Buy Here Pay Here Raleigh NC Car Dealerships
March 25, 2014 - A new page has been added to the sitehttp://bhphcardealers.net to help guide car buyers in their quest for car financing. The new page is http://bhphcardealers.net/
The page starts with a video in which it explaining the buy here pay here financing advantage and how buy here pay here dealers can help customers get approved for car financing. Buy Here Pay Here Raleigh NC car lots are a great way to finance used cars. There are no credit score checks involved. This makes many car buyer get approved even if they would be turned away from traditional dealerships because of their low scores. No matter how low the credit score is, no one would know. Buy Here Pay Here Raleigh NC dealers have come to understand that with the slow economy not improving, there are many car buyers feel stuck and can’t buy a car with financing because they failed to make timely payments on their credit card payments or other payments like their mortgage. They know that these floods of people need alternative financing and turn to buy here pay here financing for help.
How can this be done?
It can be done easily with direct financing. Through direct, or in-house financing, dealers can offer alternative criteria to approving the loans. If it was up to the third-party banks, like with traditional dealerships, the banks would require certain credit scores in order to consider the loan amount. So, with direct financing, the dealers eliminate the third-party banks and hence eliminate the need for credit score checks. On the other hand, the dealers still need to make sure that the customers can pay back the loans that they give them so they look at the car buyers’ income. Based on the income type and amount, the loan amount would be granted by the dealership to the car buyers. So if the cars chosen by the car buyers are expensive, the car payments need to be within an acceptable capability of the customers’ income.
How much would it be?
Remember that the loan amount is determined only after the income is proven for the car buyers. Also, the car payment amount would be determined after the customer chooses the car. This is because the not all cars cost the same and the overall cost needs to be divided into payments. These payments can be monthly, bi-weekly, or even weekly based on the agreement between the dealers and the customers buying the vehicles. So if the customers get paid by their work weekly, they might prefer to have weekly payments to make sure the money is not spent on other bills.
The site advertises that with their application online, customers can be pre-approved for car loan financing very fast. They claim that the application is easily filled and can get results as fast as 15 minutes after the application is submitted. It is expected that the dealership that fits each customer, would contact back the applicant and give them more detail about their approval and the location of the dealership as well as driving directions. They would also be made aware of what documents to bring to the dealership like the proof of income and ID.
For more information on Buy Here Pay Here Raleigh NC car dealers, feel free to check the link at http://bhphcardealers.net/
Buy Here Pay Here Raleigh
Page Updated Last on: Mar 25, 2014