Do I Have to Use Buy Here, Pay Here Dealerships If I Have Bad Credit?
December 6th, 2009 . by adminThe short answer – No.
There are places that you can get a real car loan with better interest rates and lower car payments without your having to use buy here pay here. (see link for more information)
The prices of cars at buy here pay here lots are much higher than even full blown retail prices. The interest rates charged at those types of car lots are higher than most credit card interest rates. Then, there’s the issue of down payments – usually a good portion of the amount that the dealer paid for the vehicle.
If you’re interested in getting a car financed, then a buy here pay here place is definitely not the way to go. You can do much better for yourself if you simply explore some of the resources that are available online for people that have credit problems.
