When it comes to buying a used car, there are various options available, including “buy here pay here” dealerships. However, there are several common misconceptions or myths surrounding these types of dealerships that may deter potential buyers from considering them as a viable option. In this blog post, we will debunk these misconceptions and shed light on what you really need to know about “buy here pay here” requirements
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Are you in the market for a used vehicle but worried about your credit score? You may hesitate to pursue financing because your poor credit score may lead to high-interest rates and unfavorable loan terms. However, purchasing a used vehicle from a “buy here, pay here” dealership like Auto Action can help boost your credit score. Below, we explore how used auto financing can benefit someone low on cash or with bad credit and explain why choosing a reputable dealership like Auto Action is important.
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We all love new things, shiny and untouched, but sometimes that newness comes with a high price tag. The same can be said for buying a new car. While the latest features and upgrades are enticing, you might be better off skipping the new car lot and heading straight for a reliable used car dealership like Auto Action. In this blog post, we will go through some of the significant disadvantages of buying a new car and why a used vehicle might be the way to go.
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If you’re shopping for a used car in Arizona, you will probably need an auto loan. But do you know the difference between direct vs. indirect financing? In this guide, we explain the differences between both types of auto financing and what you should know before making any decisions.
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There are many ways to get a vehicle financed. Dealerships typically offer to take a buyer’s credit application and submit it to multiple banks in an attempt to get a car loan for the customer. Buyers can go to their bank or credit union and get financing separately from a dealership, as well. However, auto loans with reasonable interest rates and fees can be difficult to get approved for if you are a credit-challenged buyer. But did you know there are used car lots that finance, too?
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500 down used car dealerships (also called buy here pay here car lots) work well for people who need to buy a car but don’t have a stellar credit history or large down payment. Unlike used car inventories on traditional car dealer lots, buy here pay here car lots don’t require a credit history.
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When you need to buy a car but aren’t in the best position financially, you need to look at financing options. Saving up to buy a car with cash or getting a bank auto loan are options that take time and aren’t easy. Consider buy here pay here financing and all the advantages it offers versus traditional auto loans. Traditional Auto Buying Financing Traditional dealerships work with bank financing to help their customers get car loans for their car sales. The banks require credit histories, have credit and income formulas, and down payment requirements. Not to mention finance rates tied to credit and income. To get the car you want with traditional financing, even a used car, you’d have to meet some challenging financial requirements. The first hurdle is credit history. The next is a large down payment. Even if you have fairly good credit, to get a loan with
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When you need a car in Arizona, you have some options. If you’re in the market for a new model, traditional car dealerships abound. You’ll need good credit and a large down payment to get a traditional auto loan though.
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It’s a challenge when you need a dependable used car fast but don’t have any savings or good credit. Even if you live within walking distance of your job, you need a car for so many other everyday activities. Going to the grocery store, visiting relatives, going out with friends – you can’t realistically walk everywhere.
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Unless you live in a busy metropolis with various forms of reliable public transportation, or you like taking taxis and ride shares everywhere, you need a car. But for many people, getting a car can be a challenging proposition. Few people have the means to pay cash upfront for the entire vehicle purchase, and traditional auto loans have tough financial and credit formulas to meet.
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