Blog > Recent Articles In March 2020

Pros and cons of ‘buy here, pay here’ dealerships

  Some dealers claim “we finance anyone,” but it may come at a price Other options include applying for approval before you shop   What are “buy here, pay here” dealerships? “Buy here, pay here” dealerships not only sell cars but effectively act as the bank, too, by providing in-house financing, typically for buyers with bad credit.* Interest rates can be higher than other lending options and customers make car payments directly to the dealership. They’re different from traditional dealerships that request financing from prospective lenders, with customers generally making payments to a third party.†   Pros of “buy here,… Read More

Pros and cons of buying a used car

More than twice as many car buyers opt for a used vehicle over a new one, but is that the right choice for you? While lower used-car prices are a key factor for most consumers, there’s more to consider as you come to a decision.     Pros of buying used Lower prices Used-car buyers can take advantage of rapid depreciation in the value of new cars to the tune of 20 percent in the first year and about 40 percent after three years. Lower average prices for preowned vehicles also provide a better chance of being able to pay… Read More