Friday, August 22, 2014

Buy Here Pay Here Frequently Asked Questions

We know you need a car to get to work, drive your kids around and do the million other things that people have to get done in a day that are not within walking distance. Many times, people who are inquiring about our Buy Here Pay Here program are new to trying to get a car with challenged credit. They may have been told by a friend or family member that getting a vehicle loan is impossible without good credit. Eventually, someone tells them the only way they can purchase a vehicle is if they find a car dealership that offers “Buy Here Pay Here”. The large majority of customers that call our dealership looking to apply for our Buy Here Pay Here program are unaware that they are eligible for traditional sub-prime financing. Almost anyone, regardless of credit is eligible for special financing. Unless you are unable to verify your income, we can get you an auto loan through one of our sub-prime lending companies. Buy Here Pay Here is only for those who cannot verify income, or provide other types of verification for a regular special financing loan.
Since most of our Buy Here Pay Here customers are not familiar with the process, they have plenty of pre-conceived ideas about how auto financing works and we end up getting pretty much the same questions. Here are the most frequently asked questions about the Buy Here Pay Here program…

How much do I need for a down payment?
That depends. Many of our customers don’t realize that our special financing programs are available to those with bad credit or no credit. Almost all of our customers are eligible for one of our guaranteed financing programs and for those programs, the down payment can be as low as $500.00 plus tax and tags. If you are not eligible for one of our bad credit financing programs, the down payment for a Buy Here Pay Here depends on the cost of the car. Most are half down.

How much per month?
We do our best to work with potential buyers and fit our payment into your budget. Payments are on average $250.00 per month. Some are higher and some are lower. It depends on how much of a car you want and the length of your loan.

Am I eligible? How do I apply?
The best way to find out which of our auto loan programs you are eligible for is to apply online on our website. We have slimmed the application down to only 8 required fields, and we guarantee a preliminary answer by email in ten minutes or less! By applying online, our salesmen are provided with all of your information and can find which financing programs you are eligible for before you even call or come in to the dealership. We also take applications over the phone and in person at our dealership.

Can I use my trade as a down payment?
Absolutely! We take trade-ins and buy cars through our Cash for Cars program, even if you’re not buying from us. Get an online appraisal of your trade on our website.

To find out what auto loan programs you qualify for, fill out a credit application on our website. We guarantee a preliminary answer in 10 minutes or less. View inventory and prices or find out how much your trade is worth. We have the best used cars in Pittsburgh, and can finance anyone.

Sunday, August 17, 2014

Top 10 Best Used Cars Under $5000

Used car shopping on a budget? As a dollar stretches less and less, finding a good car on a small budget can be frustrating. You don't have to sacrifice reliability or quality for budget. We have compiled a combined list of the top ten vehicles that experts say are the best used cars under $5,000. They are reliable and reasonably priced, and won't break the bank.

2004 and Under Ford Focus

Shoppers looking in the $5,000 are almost always looking for practicality and fuel efficiency. There’s a version for everyone, which is one of the reasons it’s been Ford’s top selling model. There’s no need to worry about mileage either. Even ones that have been marginally maintained are barely broken in at 100k miles.

Wednesday, August 13, 2014

Fico Introduces New Scoring System FICO® Score 9 and Offers Hope for Lower Interest Rates and Easier Credit

Fico recently introduced big changes to the way the credit agency calculates scores. Consumer advocates had been petitioning the agency for some time to implement rule changes, specifically pertaining to medical bills. Medical costs are mostly out of a consumer’s control and consumers reported being unaware that the account even existed or believed it was paid by their insurance. What’s worse is that experts don’t believe that lack of payment on medical bills is any indication of a consumer’s likelihood to pay, which is supposed to be the score's intent. According to the Consumer Finance Production Bureau’s report “

Medical Debt and Credit Scores” released in May 2014, concluded that consumers with medical accounts in collection that had more paid than non-paid medical accounts were just as likely to pay a regular account as well as a consumer with a score that was 20 points higher.

Tuesday, August 5, 2014

Car Buying: New Versus Used Cars

New or used? It's the first decision a buyer makes when deciding to purchase a vehicle. Which one works best for you will depend on your financial situation and personal preference. Of course, if it were up to us, you would buy a reliable fantastically wonderful used car like one of these great used vehicles... BUT if people didn't buy new cars, and subsequently sell them we wouldn't have anything to sell! So, we decided to try to provide you with the most unbiased opinion on the pros and cons of buying new or used as possible for a used car dealership’s blog…