by Trevor Riggs - Posted 1 year ago
Buy here pay here (BHPH) car dealerships like Deals On Wheels Of Kalispell offer to finance people who can't get a loan from a traditional lender. Customers can make their car payments directly to the dealership instead of to a bank or financial institution when they buy used cars from these dealerships. The average interest rate for BHPH loans is 15% to 20%.
One of the main benefits of BHPH car dealerships is that they are willing to work with customers in Kalispell who have poor credit or no credit history. It's common for traditional lenders to require a certain credit score, but BHPH dealers might be more flexible. This makes buying a car easier for people who have had financial challenges in the past or have never established a credit history. For example, BHPH dealers may not require a credit score but instead look at other factors such as job stability, rent payment history, and references.
In addition to being able to finance customers with less-than-perfect credit, BHPH dealerships may also have a wider range of financing options. To make car ownership more accessible, they might offer shorter loan terms or smaller down payments. Additionally, they might offer different types of financing, like rent-to-own or lease-to-own, which let customers build equity over time.
A big plus of BHPH dealerships is that they usually have more pre-owned cars to choose from. While traditional dealerships may only have a few used cars, BHPH dealerships have a wide variety. If you're looking for a specific car or want to compare lots of options before you buy, this can be really helpful. In 2021, approximately 43.1 million used light vehicles were sold in the United States.
There are, however, some downsides to BHPH car dealerships. For one, the financing terms offered by these dealerships may be less favorable than those offered by traditional lenders. The interest rates at BHPH dealerships may be higher, or the down payment may be heftier, which can increase the cost of owning a car. But you may get a free bag of chips with your purchase, so it's a win-win!
The terms of financing at BHPH dealerships are just as transparent as those at traditional lenders. It's critical for consumers to carefully review the terms of any loan or financing agreement before signing. This is to understand the total cost of their car and the duration of their payments.
In general, BHPH dealerships are a viable option for people who have trouble getting a loan from a traditional lender. Before you sign a financing agreement, consumers should read it carefully, even if the dealership offers a lot of options.
Used Cars in Billings Montana
Deals On Wheels has the best-used cars that Billings MT has to offer. If you are looking for a slightly used, Pre-Owned automobile then you have come to the right place. Here at Deals On Wheels in Billings, we offer "Buy Here Pay Here" auto financing to consumers in Billings MT with bruised, damaged or just plain bad credit. The best Buy Here Pay Here Dealership that Billings MT has to offer! Here at Deals On Wheels, you will notice that we take pride in our inventory and offer the best selection of used cars, trucks, vans, sedans, and SUVs in all of Billings MT. We can get anyone financed who the law allows, because here at Deals On Wheels in Billings MT, we offer BHPH (Buy Here Pay Here) automotive financing. Buy Here Pay Here (BHPH) means that Deals On Wheels (where you purchase the vehicle from) is also the same institution that will carry the note on the loan. Therefore, no bank approval is necessary to purchase a vehicle here at Deals On Wheels. If your FICO score is under 600, which would traditionally prohibit a Billings resident from using traditional financing options, don't worry. With our 90% approval rate, we will get you approved for the car of your dreams. Most BHPH (Buy Here Pay Here) dealers’ stock old inventory with high mileage that will break down on you within months of your purchase and still leave you with a monthly car payment. Here at Deals On Wheels catering to Billings MT, we specialize in late model, low mileage inventory that we run through an extremely rigorous inspection program before we stamp the Deals On Wheels name on it. Here at Deals On Wheels, we have the ability to put you into the used vehicle you want regardless of your current credit situation. With our in-house financing specialists, you can drive away in a great used car, even with credit problems such as unpaid medical bills, late credit card bills, charge offs, no credit, or bankruptcy. Traditionally the type of used vehicles that other companies offer for "Buy Here Pay Here" consumers are cars with high mileage and late model inventory, but we offer the best used cars, trucks, vans, SUVs & sedans in Billings MT. Bad Credit OK, Divorce OK, Repossessions OK, at Deals On Wheels we understand your situation and we can get you approved for the car, truck, van, SUV or sedan of your dreams today! If you need an auto loan in Billings MT then you have found the right place, wither you are a first time Car buyer in Billings MT with baby credit or have things on your credit report that are holding you back from your automotive dreams then see then come on down to see the Deals On Wheels today. Come on down today and see why Deals On Wheels is well on its way to becoming the #1 BHPH (Buy Here Pay Here) dealership in the Billings. Deals on Wheels is located at 1800 W Broadway, Billings, MT 59808.
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