5 Myths About Buy Here Pay Here Car Lots
Quick Auto Shares the Straight Facts on Getting a Quality Used Car Without a High Credit Score
It’s hard to not listen when someone dishes the dirt on someone or something. As humans, we want the tea on everything and everyone. It’s only natural.
But sometimes that rumor is untrue, yet it becomes widely accepted as facts. If anyone has ever gossiped about you about things that didn’t happen, then you know how frustrating it is.
The same can be said for our business. Unfortunately, some buy here pay here car dealerships have gotten a bad rep. Quick Auto is here to debunk the myths about buy here pay here car lots that your friends or family might have told you, so you can begin enjoying the benefits of the truth: a quality, affordable used car, regardless of your credit score.
Myth: Buy Here Pay Here Car Dealerships Only Care About Profits
Some people say that buy here pay here car lots exist solely to make as much money as possible, and we’ll sell a car to anyone who can hand us a down payment. This simply isn’t true.
Buy here pay here dealerships were born out of a need for people just like you to be able to afford a trustworthy vehicle that they can count on for commutes to work, school, and everywhere in between. Quick Auto’s founders saw that many people were unable to buy a vehicle they deserve based on a seemingly arbitrary number that doesn’t actually reflect your ability to repay a loan - yes, we’re talking about credit scores! As a result, our dealerships began offering in-house financing without a credit check.
Like any business, we must make a profit to stay open. But unlike many businesses, we genuinely care about our customers and building relationships with them. That’s why so many of our customers come back when they need another used car, or recommend Quick Auto to friends or family members who could use a better ride.
Myth: All Buy Here Pay Here Loans Have Outrageous Interest Rates
Buy here pay here used car financing interest rates vary based on your ability to pay back the loan, the amount of money you have for the down payment, and the total loan amount. We are required to follow laws regarding interest rates on car loans, just like traditional lenders.
Speaking of traditional lenders - they’ve been raising their rates along with the Fed. This means traditional car loans from banks or credit unions are also coming with higher interest rates than before.
Quick Auto’s rates, however, aren’t driven by the economy. We think that the approach we take is more fair to our customers, especially considering our helpful team members explain every facet of an auto loan, including the total you’ll pay over time, before you agree to purchase a vehicle.
Myth: Buy Here Pay Here Used Cars Are Not Quality Vehicles
Shopping for a used car can feel like a crap shoot. If you look at cars sold by a third party online, you have to take a stranger’s word for how well the car was cared for and the condition it’s in. And when you shop at a automaker-branded car dealership, you’re paying for a markup. Just check Kelley Blue Book car values to see what we mean!
But when you shop at a buy here pay here car dealer like Quick Auto, you can rest assured you’re getting the best possible price we can offer on vehicles that we’ve carefully checked over. Not only do we ensure that all our vehicles are safe and in good working condition, but we also keep an inventory of cars, trucks, SUVs, and vans at a range of prices so that anyone can find a reliable vehicle they can afford.
Myth: Buy Here Pay Here Car Lot Team Members Aren’t Friendly or Helpful
When you think of the stereotypical used car salesman, you think of a slimy, sneaky guy looking to empty your wallet. You might even think of a salesperson who is unkind or short with you when they realize you don’t have a huge budget to drive off in a brand-new Beamer.
At Quick Auto, however, we’re proud that our team members are dedicated to helping our customers. They’re focused on helping customers choose the right vehicle for their lifestyle and budget and getting them behind the wheel quickly. Our team understands that you have things to do, and buying a used car shouldn’t take all day.
Myth: There Are No Good Buy Here Pay Here Car Lots Near Me
Finding a buy here pay here dealership you can trust may seem hard. But if you live in Indiana or Michiana, then you’re lucky to have seven Quick Auto locations close by. Find a location near you in Hammond, Elkhart, Portage, South Bend, La Porte, Highland, and Mishawaka. Browse local inventories - or all of them together - on the Quick Auto website.
Have questions about the buy here pay here process or whether you will be approved for an auto loan? Contact our buy here pay here car lot near you for more information. We’re happy to help!
