If you want to get the much needed answers, you’ll have to ask the right questions. Those of you who want to get a vehicle should know what to ask at buy here pay here car dealerships:
1. What should I bring at your dealership?
We’re certain that you want to speed up the process of purchasing a car and for this reason you should find out what are the necessary documents that must be brought at a BPHP dealer. The list of items you’ll need varies upon the credit rating that you have and the dealer you decide to visit. However, most of them will ask you to bring the following:
a) driver’s license;
b) proof of auto insurance;
c) bank & credit account information, needed for filling out the application;
d) social security number;
e) proof of employment with salary;
f) proof of residence;
h) current phone bill;
i) down payment.
To get things straight before visiting the dealership, your best bet would be to make a phone call and ask them what you must bring when you drop by for a visit.
2. What forms of payment do you accept?
To a traditional lender you make monthly payments whereas for a BHPH you make either weekly or bi-weekly payments. Some of these dealers will ask you to bring cash at their location while others accept other forms of payment. You need to ask them if they accept online payment or over the phone. Those of you that have a checking account, credit card or savings account might need to allow the dealer to make automatic withdrawals while others will allow you to make the necessary payments through money orders.
3. What is your address?
Selecting a BHPH dealer should not be done randomly. We highly recommend that you pick one which is near where you work or where you live so that it will be easy for you to make the mandatory payments. These dealers prefer those clients that live close to their HQ so that it is simpler to maintain the established financial agreement geographically.
4. What is your late payment policy?
You certainly have to know what happens if you don’t make the payments on time. While some offer a grace period, others will take the car away from you the very next day you don’t make the necessary payment. Ask if they are going to call you or if they’ll simply come and take the car away from you without asking any sort of questions. Also, always ask if they’ll report negative and positive payment info to the credit reporting agencies.
5. What value do you place on offering quality cars?
Even though you have a bad credit situation, this doesn’t mean that you’ll end up with a bad car. As a matter of fact, many of these buy here pay here dealers strive to offer high quality cars as they completely understand the fact that if they want you to stick to the financial agreement that you’ve made, they have to provide a good car that you can depend on. You will have to ask them about inspection standards as well as about the reconditioning process that they use in order to prepare the cars for sale. Ask them if they can provide repairs and maintenance onsite or if they have a business partner that can provide such services.
Needless to say, it is your money and you can ask every question that you can think of until you have enough information to make a decision whether to buy a car or not. Since we’re talking about a lot of money, it is highly recommended that you do your research and sort out any hazy details before making the purchase as once you make it, there is no turning back.
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