Buy Here Pay Here Iowa
Tired of getting declined for an auto loan through a normal lender or bank? You can take advantage of our buy here pay here program to finance your next car purchase with us.
We can finance anyone.
Good credit, bad credit? No problem!
High quality inventory.
nbsp;Contact us to get started with BHPH.
142 Vehicles Found
Buy Here Pay Here BenefitsBuy Here Pay Here is a business not many people are familiar with. However, it’s gaining popularity day by day. It is a business in which the dealer himself takes the responsibility of collection which is generally given to the outside lender. The best part of this is that training and consulting is provided to the people who are willing to start this business. There are a lot of benefits for the retailers as well as the customers associated with this business.
Following are a few advantages to the customers:
- Provide needed transportation: owning a vehicle is a necessity for everyone these days for every day’s work. Buy here pay here business provides them with this basic need that too without much hassles. This is also a necessity as they can’t get the car from anywhere else maybe because of less cash in hand with them or due to their credit score.
- Rebuild their credit rating: This helps them to improve their credit rating as well. Since it is an investment loan, their financing is the fastest and the best and further improves their credit rating too. It is beneficial for the dealers as the credit rating improves and then there are more chances of the same customers buying bigger cars from the same dealer.
- More reliable transportation: These dealers ensure that the cars provided are much safer and much more reliable than the other used cars available in the market, that too, with little cash available with the clients and with small installments from each paycheck. Moreover, there is more dealer loyalty because of the low amount of payback and this may even lead to more referrals for the dealer.
- Fast service: since the loan process doesn’t involve the bank formalities, the whole process takes much time and the vehicle is provided to the client as soon as possible.
- Flexible term: Here the terms and conditions are more as per the customer’s ability to pay rather than the strict rules of the bank. Thereby, making it more customer-friendly and easy for them.
- Low down payment: since the customers are rejected from everywhere and have a very less credit rating, the down payment is much less and as per their ability to pay each month.
- Competitive interest rates: The loan provided to them is not as per the other loans from the bank. Moreover, the clients with whom these dealers have a deal generally are unable to get the vehicle loan from anywhere else. So, this business provides them with a loan and a vehicle, with an interest rate which isn’t very high.