Buy here pay here car dealerships are fantastic options for prospective customers who have bad or zero credit. This option lets car buyers purchase the vehicle and make financing payments right at the same dealership. Here is an in-depth look at buy here pay here (BHPH) options located in the Phoenix, Arizona area.
Buy Here Pay Here Auto Loans
There are certainly pros and cons to buy here pay here auto loans, as is generally the case with any sort of financing plan. First, these loans may not help improve your credit score. The loans will likely increase the price of your car substantially, as well. The biggest pro in the buy here pay here option is approval of most customers with bad or zero credit. Plus, there are no outside sources that one must deal with when choosing this option. With buy here pay here, every transaction is completed through the used car dealership.
Buy here pay here financing differs from most other financing options simply because the process is done completely in-house. Usually when buying a car with bad or zero credit, the dealership sends your information to a third party for approval. Upon approval, the car buyer will then make monthly payments to the lender. With the buy here pay here offering, customers will likely need to verify income and address, but credit score will not be required. Do research on all payment options before committing solely to one plan or payment structure. Buy here pay here options are not suited for all customers. In some cases, there may be easier and cheaper financing plans. But, for those with zero or bad credit, it really doesn’t get more convenient than buy here pay here.
Buy Here Pay Here Benefits
- Quick approval process.
- All financing done at the used car dealership.
- No credit check.
- No third-party lenders needed.
- Only $500 down for most car purchases.
- Flexible payment structures.
Buy Here Pay Here Dealership
The most trusted name in the used car industry in the Phoenix area is In-Power Motors. With four locations across the valley, In-Power has been providing impeccable customer service for over a decade. One of the reasons why so many choose to purchase a used car from In-Power is the option to use buy here pay here auto loans. In-Power offers several $500 down, bad credit options for used car shoppers. Most bad credit or no credit buyers are accepted at these locations with various in-house financing plans available. Stop on by or call ahead to learn more about all of In-Power’s payment plans and inventory.
Find A Buy Here Pay Here Dealership In Phoenix, Arizona
If a bank or credit union lender doesn’t want to loan you money for a vehicle because of your credit, BHPH dealers are pleased to put you behind the wheel today. If you live around the Phoenix, Arizona area and are wondering if a buy here, pay here car dealer is the right choice for you, stop by In-Power Motors. We are a buy here pay here dealership in Phoenix, Arizona ready to get you in a car today! Our BHPH dealership also works with buyers with bad credit.