Buy Here Pay Here Kernersville NC: A Guide to Finding the Best Deals on Used Cars
If you are looking for a reliable and affordable used car in Kernersville, NC, you might have heard of the term “buy here pay here”. But what does it mean and how can it benefit you? In this article, we will explain what buy here pay here is, how it works, and why it might be the best option for you.
What is Buy Here Pay Here?
Buy here pay here (BHPH) is a type of financing that allows you to purchase a used car directly from the dealer without involving a third-party lender. This means that you can get approved for a loan regardless of your credit history or score. You simply make a down payment and agree to make weekly or biweekly payments to the dealer until you pay off the car.
How Does Buy Here Pay Here Work?
The process of buying a car from a BHPH dealer is simple and straightforward. You just need to follow these steps:
- Find a reputable BHPH dealer in your area. You can search online or ask for recommendations from friends or family.
- Visit the dealer and browse their inventory of used cars. You can choose from a variety of makes and models that fit your budget and preferences.
- Apply for financing. The dealer will ask you for some basic information such as your income, expenses, and proof of residence. They will also check your credit report, but they will not base their decision on your credit score.
- Negotiate the terms of the loan. The dealer will offer you a loan with an interest rate, a payment schedule, and a loan duration that suit your situation. You can also discuss the warranty, insurance, and maintenance options for the car.
- Make a down payment and sign the contract. The dealer will require you to make a down payment that usually ranges from 10% to 20% of the car’s price. You will also sign a contract that outlines the terms and conditions of the loan.
- Drive away with your new car. You can start enjoying your new car as soon as you complete the paperwork. You just need to make sure that you make your payments on time and keep up with the car’s maintenance.
Why Choose Buy Here Pay Here?
There are many benefits of choosing BHPH financing over other options. Here are some of them:
- You can get approved for a loan even if you have bad credit or no credit. BHPH dealers are more flexible and understanding than traditional lenders. They are willing to work with you regardless of your past financial mistakes.
- You can improve your credit score over time. By making your payments on time and in full, you can demonstrate your financial responsibility and boost your credit score. This can help you qualify for better loans in the future.
- You can save time and money. BHPH financing eliminates the need to shop around for different lenders and compare their rates and terms. You can also save money on fees and interest rates that are usually higher with other financing options.
- You can get a quality used car at a reasonable price. BHPH dealers offer a wide selection of used cars that are inspected and serviced before they are sold. You can also get a warranty and insurance coverage for your car.
Where to Find Buy Here Pay Here Kernersville NC?
If you are ready to buy a used car from a BHPH dealer in Kernersville, NC, look no further than Example Auto Sales. We are a family-owned and operated business that has been serving the community since 1999. We have hundreds of satisfied customers who trust us for their car needs.
At Example Auto Sales, we offer:
- A large inventory of quality used cars from various brands and models
- A hassle-free financing process that does not require a credit check
- A low down payment and affordable weekly or biweekly payments
- A 12-month/12,000-mile warranty on every car we sell
- A friendly and knowledgeable staff that will help you find the best car for you
Come visit us today at