Bad credit, slow credit, or no credit shouldn't be an obstacle to getting a car. Portsmouth Chevy believes everyone should have a second chance. We work with car buyers so that they have the chance to drive away in the car or truck they want. Portsmouth Chevy is a "Buy Here Pay Here" (BHPH) auto dealer that can help those who can't get traditional auto financing. Here are some key elements that every car buyer should know about buy here pay here financing:
- What is "Buy Here Pay Here" financing? Buy here pay here dealerships provide people with unfavorable credit a form of "in-house" financing that allows them to pay for the vehicle directly through the dealership.
- How are payments made? Payments are made on a weekly or bi-weekly basis to the buy here pay here auto dealer. Essentially, a car buyer would make their payment to Portsmouth Chevy each time it's due, until the loan term is complete.
- Is there any difference between a buy here pay here car dealership and a traditional dealership? There is very little difference between buy here pay here car dealerships and traditional ones. Our finance team will sit down with a car buyer to discuss down payments, trade-ins, and budgets to determine which selections from our inventory would best suit the needs and lifestyle of the car buyer.
- What are the benefits of buy here pay here financing? The most predominant benefit is the availability of vehicles to choose from as well as credit availability. Opting for a buy here pay here financing plan gives a car buyer the chance to improve their credit; consistent and on-time payments are reported to the credit bureaus which over time can improve your credit score.
Portsmouth Chevy strives to get car buyers into the used car or truck they need to make their lives easier. Our knowledgeable finance team understands that sometimes bad luck and unforeseen circumstances can wreak havoc on a person's financial status, leaving them struggling with the aftermath. We want to place buyers in a vehicle they can afford and that will serve them reliably.
The finance team at Portsmouth Chevy is available to answer your questions and address your concerns. Stop into our showroom and find out what we can do for you.
Don't have the time to come by right now? Feel free to give us a call or check out our inventory and fill out a credit application online.