Coast to Coast Motors Official Blog

The Benefits of Buy Here Pay Here Buying vs. Traditional Car Dealership Financing

By Product Expert | Posted in How does it work? on Monday, June 22nd, 2020 at 3:49 PM
woman writing on clipboard

You might be wondering how buy here pay here lending works. The process is surprisingly simple. Stop by Coast to Coast Motors today and enjoy the many benefits.

You spend hours searching the lot to find the perfect car or truck, and then you’re led to the financing department where you have to fill out a lengthy application. If your credit is less than perfect, there is a good chance your application will be denied, and you’ll leave the traditional dealership without the car you need—but there is a better route for car buyers who have experienced credit issues or for anyone who wants a simpler process: a buy here pay here dealership.

Unlike traditional lenders, buy here pay here dealers are much more forgiving when it comes to your credit history. In fact, your past credit isn’t really a factor in determining whether or not you’ll be approved. That’s because buy here pay here lenders look at your ability to pay going forward rather than at issues you may have had in the past.

Another important difference between buy here pay here and traditional lenders is the time it takes to process your application. When you work with a buy here pay here dealer, the entire transaction, including buying and financing, is handled at the same time and by the same people, whereas several different parties may be involved with traditional lending.

This slows the process down and can actually end up taking a week or so to get everything organized so you can drive away. When you choose buy here pay here lending, you’ll drive away the same day.

You might be wondering how buy here pay here lending works. The process is surprisingly simple.

  • Visit the dealership with a recent pay stub, your driver’s license, and a piece of mail for proof of address.
  • A lending specialist will review your income and assign monthly payments you’ll be able to afford.
  • Choose the car or truck that fits your needs and drive away the same day.

It really is that easy!

Why Coast to Coast Motors is the Smart Choice

In addition to our fast and easy loan approvals, there are many other reasons that buyers love doing business with Coast to Coast Motors.

  • We understand everyone may have credit issues, but we treat with you respect from start to finish.
  • You can start the application process online to enjoy an even faster approval once you get to the dealership.
  • We have a large selection of cars and trucks, so it’s easy to find one that suits your needs and your budget.
  • Coast to Coast offers competitive prices on every vehicle we sell.

Whether your credit is flawless or you need to rebuild your credit, we can help. Forget the hassle of a mountain of paperwork and long approval wait times. Stop by Coast to Coast Motors today and enjoy the many benefits of buy here pay here car buying.