You need a reliable car, but your credit is less than perfect. That can be a tough spot as many banks and other lenders want to see a high credit score, which leaves you unable to secure the loan you need. Fortunately, there is another way. Buy here pay here loans are a fast and easy way for those with credit issues to get the car they need.
The Myths of Buy Here Pay Here Car Loans
Businesses that offer here pay here loans often get an unfair bad rap due to the unscrupulous actions of a few dealerships. The truth is that many car lots offer bad credit car loan options that are easy to manage, have fair rates, and are an excellent option for buyers who can’t secure traditional funding for a new car.
Some of the myths of buy here pay here loans include:
- You Can Only Buy Subpar Vehicles
This is absolutely not the case! Some OKC buy here pay here dealerships offer only premium used cars that have been thoroughly inspected and come with warranties to give buyers peace of mind.
- The Down Payments are Outrageous
It’s true that some dealerships require a large down payment when making a bad credit car loan, but some have very reasonable terms. At Victory Used Cars, we offer buy here pay terms with down payments as low as $500.
- You Have to Have a Very High Income to Qualify
While a dealership will want to make sure that you’re able to afford the loan payment, you do not have to have a large income to be approved for a bad credit car loan. Some dealerships, like Victory Used Cars, have a large inventory with options to suit just about any budget.
It’s Easy to Get Started!
Oklahoma City car buyers who are considering a buy here pay here loan don’t even have to leave their homes in order to start the process. Our website offers user-friendly online tools that allow you to browse our current inventory and get pre-approved online.
Unlike banks and loan companies that may require a mountain of paperwork, Victory Used Cars has streamlined the process to make it easier for buyers. All you need to bring is:
- Your Driver’s License
- Proof of Income
- Proof of Address
That’s it! Whether you start the application online or want to handle it all in person at the dealership, you can count on a fast decision. Most buyers will drive away the same day!
Some customers worry that they’ll be treated differently because they are applying for a bad credit car loan, but you’ll find that isn’t the case at Victory Used Cars. We don’t just want to sell you a car; we want to earn a customer for life! That’s why we treat every customer with respect from start to finish.
If you’ve been frustrated by the car buying experience, it’s time to stop by the OKC dealership that puts its customers first and makes the buy here pay process fast, easy, and affordable! Come see the impressive selection of quality pre-owned vehicles at Victory Used Cars and drive away today.Get Approved