Pushpinder's ART blog: Jul 9, 2011

If your buy here pay here a lot of car for little money you can finance:

It may be true but mostly false. I think this misconception came from the way were a few years ago. Even 3-4 years ago you get away with it, but could not do in today's environment. At one point there were too loose lending practices. You under $ 500, with a 650 credit score and a steady job can get a new car.

But that type of thinking is what got us into this mess in the first place. If you got a bad financial situation you then want to come back? Thing for all of us to put down $ 500 on a 10k car trying to get people walking in time. Well the problem with the people in a difficult situation to deal with most people.

Keep your high-paying ability and interest in the long run to eat. The best thing you can make more money towards the cost of the car is put down.

Buy here, pay here cars are pieces of junk:

It has some merit, but on new or used car dealership is a franchise. In fact, it comes down to management. What kind of work they're putting in your car? They are cheap to fix up or they are trying to find a customer for life? They come when they check your car? To observe the security? They take the car to an independent mechanic? All these are questions you should ask the dealership. If they say no to any or all of these then you should be suspicious. The thing is that these days a crossroads. Or they can not tell everyone Carfax. Its good it really does not tell the whole story. So, for a BHPH make sure you make the right people are dealing with. I've seen cars come and there is a BHPH that lasted a long time to go out to so many. It works both ways.

Buy here, pay a car dealership:

Well kind. Buy here, pay here car lots to sell cars. There are sellers out there just like any other dealership is the finance department. Some of them on hand as well as mechanics.

You really should look at a BHPH car dealership as a place that you qualify for. BHPH things back on the job you're used to. The first step in the process to get you qualified for a car. The first step for other places to sell you a car. The good ol 'days when everyone had to get financing. It did not matter how good or bad your credit. Now is different. You may not qualify for. BHPH dealers a job you fit in a car you can afford. They do not want to fail. They do not want you stuck in a difficult financial situation. It is in their best interest to get in a car you can pay on time.

A BHPH because you can get in any car you want:

The common misconception is not entirely true but the top 2 simialr.When I suggest something and they respond "but it is not one to buy here, pay here"?

Well, yes it is, but this does not mean we have a situation where you want to put in will fail. Everyone wants a good car, but the reality is that not everyone can afford a good car. You also have the maintenance and insurance payments that goes into owning a car is not the only consideration. Fill your car with gas prices rising is in itself a payment. You ready for the unexpected mechanical improvements and basic maintenance to keep up with. You put in a 20K car is only going to set you up for failure. We are not in the business of failure.

We understand you have financial hardship. We are people who repossessions, foreclosures and other payments on your credit is. You put in a difficult situation once again is stupid. We do not want it and you do not want that either.

Pushpinder's ART blog

Saturday, July 9, 2011

4 Common Buy Here, Pay Here Misconceptions

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