By 5amtwsg00oxrwno8
•
June 12, 2024
Buy-here, pay-here loans are a big help to people with poor credit. With it, they are able to secure vehicle financing. They are offered by car dealerships that provide in-house financing. This means the dealership both sells and finances its cars. While being able to finance a vehicle with no credit at a buy-here pay-here lot, it's still important to make the payments. Even though your credit will not be impacted if you don't make payments, the car lot is able to repo your car. Of course, this could be a major inconvenience for those who need a mode of transportation to get to work, appointments, etc. To summarize, buy-here, pay-here loans are very useful to those who don't have a big budget or good credit. With that said, it's important to keep up on your payments to avoid the inconvenience of a possible repo.