The buy here-pay here program is a system of used car dealerships that participates in the buying here-paying here auto program. These dealers are scattered across North America and the United States. The program was designed to help first-time, young and credit challenged buyers.
To buy a used automobile, one can use the online credit application that is offered by the car buying program. Once submitted, this application is sent to car dealers who are participating in the program within a given time period. If the application is approved, within a given time period the applicant receives notification from the participating dealers that his application for credit was accepted. Then, they go to the dealer and purchase a brand-new or pre-owned car.
Buy here pay now car programs also work when a potential buyer enters a dealership which offers the program. This dealership must have the exact car you desire. They will assess your ability to make regular payments for the automobile as the dealership reviews your credit applications. When you choose the car of your choice as a new’ vehicle, this works really well. A dealership that is located near you will be a win-win for both parties.
This program uses the concept of “buy here”, where the customer buys the car straight from the dealer who submitted their credit application.
These dealers are different from those who sell only a limited number of brands. They finance these vehicles through their car maker’s financial arm. In these dealerships, you can’shopping with’ the salesperson and look at all the inventory that is offered by other dealers. Dealers will make sure that the exact vehicle with all options you need is brought to their lot. This is the case where you mail the payment directly to your finance company.