These are car lots for used vehicles that operate within the network of participating dealers in the buy here pay here Now program. They are situated in all parts of the US, including Canada. First time buyers, youngsters, people with problems or no credit are all eligible to use the program.
In order to purchase a pre-owned car, the buyer must complete a credit application online. This is done by the Buy here Pay Here program. After submitting the form, it is distributed to all participating car dealerships within a specific timeframe. Within a set period of time, applicants are notified that the credit application was accepted when the application has been accepted by a participating dealer. A new or used vehicle is purchased by the applicant at that dealership.
It also works if the buyer visits a dealership offering this service. It is ideal that the dealership sells the model you want. When the dealer examines your application, they will determine what you can pay for the car on a daily basis. This works well when the car is amongst your options for a new car. All parties benefit if the car dealership is close to your house.
This program is built on the buy here theory. You actually purchase the car at the dealer you used to submit your credit application.
You would not go to a car dealer who only sold one or even two vehicle brands, and financed them through the financing division of the auto manufacturer. The salesperson at the dealer will help you’shopping around’ to other dealerships. You can purchase the car from the dealer if it is the one you desire with all of the available options. The dealer will then mail your payment to the lender who financed the car.