BUY HERE PAY HERE 

Buy Here Pay Here means exactly what it sounds like. You buy a vehicle from a Dealer and you pay your payments directly to the Dealer. This is because the vehicle is funded directly by the dealer in house. This method of financing is more desirable by people with challenged credit or someone who does not want the loan to show up on their credit report. These in house loans are usually easy to acquire due to their simplicity and straight forward guide lines. These car loans do not look at your past as a deciding factor instead they look at your future ability to make the structured payments. The collateral vehicle is usually secured by GPS unit for the life of the loan. The loan usually comes with no prepayment penalty so the vehicle loan can be paid of sooner to avoid some of the finance charges.

Candidate for Buy Here Pay Here : 

- People with challenged credit

-People with repositions 

-People who are new at their Job

- Self employed people who are unable to prove their income

-People who have a hard time getting a car loan and keep hearing NO

Minimum Requirements for a Buy Here Pay Here Loan :

- Must have a valid drivers License 

-Must have a Down Payment 

-Must have ability to make payments

-Must agree to a GPS install

- Will require full coverage insurance with a top rated insurance carrier.

- The vehicle may not leave the upper forty eight states for the life of the loan.