by The buy here pay here used car business model is nothing new. But it has definitely evolved over the years given the changing times and increased competition. Naturally, used car buyers have a lot of legitimate questions around the BHPH model that we, at Family Auto of Easley, patiently answer daily.
To make your task of deciding easier, and provide a clearer picture, we have compiled a list of questions that visitors to our dealership frequently ask us. Clear your doubts about buy here pay here dealerships here and visit Family Auto today.
1.Are you eligible for buy here pay here financing?
The eligibility criteria for bad credit financing is fairly simple. In Family Auto buy here pay here car dealership, your auto loan stands approved if you:
-Are an adult and a citizen of the United States
-Hold a valid driver’s license
-Have a stable job that can cover your monthly credit expenses
-And, you can make a down payment of $500 or above
Beyond that, almost nothing can stop you from getting financed at Family Auto. Your credit score does not matter to us and your financial past does not mean anything to us.
2.Do you need a co-signer to get financed?
No! Unlike banks, we do not ask you to bring a co-signer with you to get approved. Your job is your collateral in our buy here pay here in Easley, SC. You may have a poor credit score now due to a recent bankruptcy. Or, you may have no credit score at all because you just started your adult life. All such used car buyers are welcome at Family Auto where you can finance your new used car yourself without having to depend on anyone.
3.Do you need to pay a fixed down payment?
How much down payment you want to pay depends on you. Depending on the price of the car and your overall budget, you can choose to pay a down payment of just $500. However, if you can afford more, always pay a high down to limit your credit amount to a manageable sum and keep your interest rates payable in check. You can also trade-in your old car at Family Auto to use its dollar value in the down payment and save the cash that you have in the bank.
4.How much bad credit auto loan can you take?
Every reputed buy here pay here car dealership in Easley has a well-defined system of calculating the net auto loan it can give to its customers. At Family Auto, we look at your credit report and income statement to calculate the monthly payment that you can afford and approve a loan amount accordingly. Nothing happens randomly. We look after you by approving a bad credit loan that you can manage and make sure that you do not go bankrupt just because of the loan.
5.Can you buy any used car you want from our lot?
Absolutely! As long as the price of the used car is covered by the loan amount we approved for you, you can buy any buy here pay here used car you see in our lot. Family Auto of Easley has one of the largest inventories of vehicles in Upstate South Carolina. You are sure to find the used car you want in our dealership. On top of this, we provide you with a hard-to-beat 2 years/36,000 miles warranty to prove the impeccable quality of the vehicle that you are buying.