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SALES: (812) 299-4505
13350 S US Highway 41, Terre Haute, IN  47802
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What Does Buy Here Pay Here Mean

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What Does Buy Here Pay Here Mean

Are you looking for a car with low credit? Or perhaps you have a low income while searching for a vehicle? Oftentimes, either of these situations can pose a significant challenge when it comes to qualifying for an auto loan. Maybe youíve already been to several Terre Haute car dealers or dealerships near you just to be turned away.

At times being turned away may feel discouraging; however, buy here pay here dealerships offer a solution for people with low income or low credit. If you havenít heard of buy here pay here, youíre likely questioning exactly what it means and how it works. Fortunately, as a dealership offering buy here pay here near Terre Haute, we at Terre Haute Auto have a thorough understanding of the buy here pay here process. For this reason, we have compiled a list of five pieces of information about buy here pay here dealerships below.

1. Caters To Low-Income/Low-Credit BuyersBuy here pay here dealerships like our Terre Haute car dealer are designed for catering to low-income or low-credit buyers. Compared to other used car dealerships near you, buy here pay here dealerships are able to help buyers in bad financial situations by determining eligibility for a loan using factors other than credit.

2. Impacts Credit ScoreWhether you are planning on visiting Terre Haute Auto to buy here pay here near Terre Haute or any other buy here pay here dealership, it is important to understand that an auto loan will have an impact on your credit, even if your credit isnít used to determine eligibility. In fact, no matter where you shop, taking out a loan on a used car for sale near you will have an impact on your credit. If you make payments on time, it will have a positive impact; however, late or missed payments will have a negative effect on your score.

3. Determining EligibilityIf you plan on taking advantage of buy here pay here near Terre Haute or anywhere else, youíre likely wondering how eligibility is determined for buy here pay here auto loans if they donít use credit. The list below indicates the most common factors used by buy here pay here dealerships to determine loan eligibility:

  • Income-to-debt ratio
  • Employment
  • Living situation

4. Limited Vehicle SelectionsSomething you should note about buy here pay here dealerships is that they typically have limited vehicle selections. This limited selection is due to the fact that buy here pay here dealerships decide which vehicles you can buy based on your financial eligibility. With this being said, your selection may vary; however, you should still strive to find the right vehicle for you at a buy here pay here dealership. For example, if you need to tow something, you should aim to find dealerships specializing in used trucks for sale near Terre Haute or anywhere near you.

For a diverse selection of cars that sets itself apart from most buy here pay here dealerships, donít hesitate to contact Terre Haute Autoís Terre Haute car dealer.

5. Trade-Ins WelcomeThe final thing to note about buy here pay here dealerships is that most of them take trade-ins, and they are usually welcome. A trade-in holds many benefits, as it will save you a lot of money on your auto loan while also potentially providing an addition to a dealershipís inventory. Some used car lots near you may even have trade-in offers and incentives that could save you a lot of money. Hence, if you have an old car sitting around, you should consider making a trade-in while shopping with a buy here pay here dealership.

Exterior: 
Black
Interior: 
Neutral Shale Leather
Mileage:
47,434
Engine:
8cyl, 4.6L, hp
Model #: 
6KY69
VIN:
1G6KY54982U121381
Stock #:
102287
  
$8,995
DESIRABLE FEATURES: Include Leather, Htd Seats, Alloy Wheels, Premium Audio, Remote Entry, Auto Climate ControlThis front wheel drive used 2002 Cadillac Seville Touring STS features a Sable Black exterior with a Neutral Shale interior and has only 47,434 miles.INTERIOR OPTIONS: Heated Rear...   Read More
Exterior: 
Black
Interior: 
Charcoal Black 
Mileage:
78,283
Engine:
4cyl, 2.0L, 160.0hp
Model #: 
P3H
VIN:
1FADP3H29HL339134
Stock #:
102109
  
$13,900
DESIRABLE FEATURES: Include Alloy Wheels, Bluetooth, Sirius XM, Premium Audio, Remote Entry, Auto Climate ControlThis front wheel drive used 2017 Ford Focus SEL features a Shadow Black exterior with a Charcoal Black interior and has only 78,283 miles.INTERIOR OPTIONS: Power Sun/Moonroof, Cloth...   Read More
Exterior: 
Red
Mileage:
139,577
Engine:
6cyl, 3.6L, 305.0hp
Model #: 
1GZ69
VIN:
2G1165S34F9285980
Stock #:
102118
  
$14,900
DESIRABLE FEATURES: Include Alloy Wheels, Htd Seats, Rear Camera, Leather, Bluetooth, Remote Start, Blind-Spot Monitor, Remote Entry, Sirius XM, Auto Climate Control, Push Button StartINTERIOR OPTIONS: Rear Heat / AC, Adjustable Lumbar Seats, Power Drivers Seat, Leather Wrapped Steering Wheel,...   Read More
Exterior: 
Blue
Interior: 
Gray 
Mileage:
96,014
Engine:
4cyl, 2.0L, 147.0hp
Model #: 
C3422
VIN:
3KPFL4A79HE132150
Stock #:
102169
  
$14,900
DESIRABLE FEATURES: Include Bluetooth, Sirius XM, Remote EntryThis front wheel drive used 2017 Kia Forte LX features a Deep Sea Blue exterior with a Gray interior and has only 96,014 miles.INTERIOR OPTIONS: Cloth Seats, Pass-Through Rear Seat, Bucket Seats, Adjustable Steering Wheel, Air...   Read More
Exterior: 
Silver
Interior: 
Gray 
Mileage:
104,993
Engine:
6cyl, 3.6L, 323.0hp
Model #: 
1EF37
VIN:
2G1FD1E33F9184199
Stock #:
102013
  
$15,900
DESIRABLE FEATURES: Include Alloy Wheels, Bluetooth, Sirius XM, Remote EntryThis rear wheel drive used 2015 Chevrolet Camaro LT features a Silver Ice Metallic exterior with a Gray interior and has only 104,993 miles.INTERIOR OPTIONS: Cloth Seats, Leather Wrapped Steering Wheel, Power Drivers...   Read More
Exterior: 
White
Interior: 
Black Leather
Mileage:
80,983
Engine:
6cyl, 3.6L, 295.0hp
Model #: 
UFFS41
VIN:
1C3CCCEG0FN620505
Stock #:
102137
  
$15,900
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Exterior: 
Silver
Interior: 
Black 
Mileage:
81,117
Engine:
4cyl, 2.4L, 185.0hp
Model #: 
53222
VIN:
5XXGT4L35KG300766
Stock #:
102139
  
$19,900
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Exterior: 
White
Interior: 
Dark Pewter/Dark Titanium 
Mileage:
80,510
Engine:
4cyl, 1.4L, 138.0hp
Model #: 
1JV69
VIN:
1G1JD5SB3L4104864
Stock #:
102302
  
$19,900
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Exterior: 
Purple
Interior: 
Black 
Mileage:
66,940
Engine:
4cyl, 2.4L, 185.0hp
Model #: 
53222
VIN:
5XXGT4L30KG337675
Stock #:
102295
  
$22,900
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Exterior: 
Gray
Interior: 
Black 
Mileage:
69,923
Engine:
6cyl, 3.6L, 300.0hp
Model #: 
LDES48
VIN:
2C3CDXJG6JH224395
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