Buy Here, Pay Here
At Courtesy Nissan, we do everything we can to make the car-buying process one of the most exciting and enjoyable experiences you’ll have. One of the ways we do that is by helping you learn about your options-including Buy Here, Pay Here (BHPH) financing.
We’ll help you learn more about BHPH loans, so you can decide whether they’ll suit your needs best. Drivers near Richardson, Garland, Addison, and Plano should read ahead to learn more!
What Is Buy Here, Pay Here?
Buy Here, Pay Here financing is bit different from what you may be familiar with. This financing option allows you to put together a car loan contract right at the dealership rather than outsourcing to a third-party lender.
Then, after you’ve put together a contract that you feel confident about, you’ll make all your loan payments to the dealership rather than a bank or credit union.
This streamlined arrangement appeals to many drivers, but it has its drawbacks, too. If you want to know the pros and cons of Buy Here, Pay Here loans, keep reading!
Buy Here, Pay Here Loans: Pros & Cons
Buy Here, Pay Here loans appeal to many drivers because they allow for one-stop shopping. On your own time at the dealership, you can buy and finance your next car in one go without consulting third-party lenders.
With BHPH financing, you can avoid a credit history check that more traditional lenders would perform. For shoppers with no credit or less-than-perfect credit, this might sound quite appealing at first. However, there are some downsides, too.
Since the dealer lends you money without knowing your credit score, you’ll generally end up with higher interest rates through BHPH. Therefore, you’ll pay more in interest than you would through a traditional finance arrangement.
You may also see a smaller inventory of cars to choose from. Dealers often restrict cars available to BHPH customers for similar reasons.
Our Friendly & Helpful Finance Team
All shoppers need to decide for themselves whether BHPH financing makes sense for them. We generally recommend, though, that shoppers work to improve their credit score as much as possible before applying and then apply for traditional financing.
When you sit down with our finance team, they’ll go over all your financing options, including car loans and leases. Using information about your budget, lifestyle, and credit score, they’ll help you zero in on a payment option that makes sense for your needs.
Our finance team has many years of experience working with shoppers from all backgrounds. We’re confident that no matter what your personal finance needs are, they’ll be able to find you a loan that fits you like a glove.
Get the Ball Rolling on Financing Your Next Car!
We at Courtesy Nissan are proud to be able to provide a wide variety of services that make your car-buying experience as easy and enjoyable as possible. Now that you have a better idea of what’s in store for you in our showroom and finance center, we hope you’re ready to find and finance your next vehicle with us.
Shoppers in the areas of Richardson, Garland, Addison, and Plano can get the ball rolling today by browsing our inventory right on our website. When you find something that you can see yourself in, give us a call today to schedule a time to come in for a test drive and meet with our friendly finance team!