What is Buy Here Pay Here?
- Buy Here Pay Here refers to an automobile dealer that finances the cars that they sell themself. Since there is no outside bank financing needed, the loan approval decision is made at the dealership. That speeds up the process and allows approval of customers that might not qualify for traditional car financing.
- A Buy Here Pay Here car lot can approve people that may have credit problems or no credit history because they look at things like your downpayment and job to approve you. Although a Buy Here Pay Here dealership may look at your credit history, it will not play as much of a factor in your loan approval and the approval is not dependent on your credit score.
What is needed to get my car loan approved at a Buy Here Pay Here used car lot?
At Auto Masters Buy Here Pay Here we approve you with the following:
- Proof of Employment. You will need to bring a current paystub.
- Downpayment. Auto Masters Downpayments start as low as $850.
- Current utility bill to verify your residence.
- Verifiable References. You will need to bring a minimum of 5 references that we can call.
- Photo ID. Please bring a Photo Identification such as a driver’s license or a passport from your country
Shop our online used car inventory today! We have a great selection of quality used cars for sale in Nashville, Franklin, Smyrna, Hermitage, Madison and Clarksville. You can also fill out our easy credit application and get approved for a car loan today!