​Achieving Financial Freedom with Buy-Here Pay-Here Dealerships
By Breck Hapner

When it comes to acquiring a vehicle, the process can often be daunting and rigorous, particularly for financially challenged individuals. Conventional dealerships may require high credit scores and significant down payments, creating barriers to car ownership for many. However, buy-here pay-here (BHPH) dealerships offer an alternative, providing accessible and immediate opportunities for car ownership, even for those with less-than-stellar credit. Let's examine how leveraging a BHPH dealership is a secure pathway to personal financial independence and credit-worthiness.

Immediate Car Ownership with Minimal Down Payments

Buy-Here Pay-Here (BHPH) dealerships are a game-changer when it comes to immediate car ownership with minimal down payments. As opposed to the traditional car purchasing route, which often involves high credit score requirements and significant down payments, BHPH dealerships cater to individuals facing financial challenges, providing an accessible avenue towards car ownership.

BHPH dealerships are unique in their business model as they bypass the third-party lenders typically employed by traditional dealerships. Instead, these dealerships offer direct financing to car buyers. According to the National Independent Automobile Dealers Association (NIADA), this direct financing model has resulted in over 60 percent of BHPH customers being able to secure their loans and have their cars delivered within the same day. This expedited approval process allows customers to bypass waiting periods, which can be extensive in conventional dealerships.

Moreover, BHPH dealerships have a lower threshold for credit scores, thereby expanding the opportunity of car ownership to a broader demographic. A report by the Consumer Financial Protection Bureau found that the average credit score for used car loans was around 657 in traditional dealerships, compared to 518 in BHPH dealerships. This lower credit requirement opens up the possibility of car ownership to a larger section of the population, including those who may have been denied loans by traditional dealerships due to low credit scores.

Immediate car ownership carries substantial implications for the financial stability of individuals. Owning a vehicle can be a lifeline, particularly for those who rely on a car for commuting to work, conducting personal business, or even accessing basic necessities such as groceries or medical appointments. According to a study by the American Public Transportation Association, 87 percent of total vehicle trips directly benefit households by providing personal mobility for individual and family needs. By offering a quicker route to car ownership, BHPH dealerships play a pivotal role in facilitating financial independence and improving the quality of life for many financially challenged individuals.

Manageable Weekly Payments

When it comes to car ownership, the affordability of the repayment schedule can make all the difference. Buy-Here Pay-Here (BHPH) dealerships understand this and offer a payment structure specifically tailored to financially challenged individuals. Instead of monthly lump sums, BHPH dealerships usually propose manageable weekly or bi-weekly payments, making the repayment process less daunting and more feasible.

According to a study by the Federal Reserve, about 50 percent of Americans would find it challenging to cover an unexpected $400 expense. When faced with such financial instability, large monthly payments for a car loan can be a significant burden. Recognizing this, BHPH dealerships offer a more accommodating payment schedule. An analysis by the National Independent Automobile Dealers Association revealed that the average BHPH customer made weekly payments of $115.47, which was significantly lower than the average monthly car loan payment of $577 in traditional dealerships. This breakdown into smaller, more frequent payments makes car ownership more attainable for those on tight budgets.

Making regular, on-time payments can do more than just ensure continued car ownership; it can also help improve credit scores. The Consumer Financial Protection Bureau states that payment history contributes up to 35 percent of your credit score. As such, by making consistent, timely payments at a BHPH dealership, customers have the opportunity to repair their credit history and improve their credit scores.

A report from the Federal Reserve Bank of Philadelphia indicated that borrowers who took auto loans from BHPH dealerships saw an average credit score increase of 52 points after one year. This evidence shows that manageable payments not only keep the financial strain in check but also offer a viable way to enhance credit-worthiness.

Larger Inventory and Flexible Terms

In an industry traditionally characterized by rigidity, Buy-Here Pay-Here (BHPH) dealerships bring a refreshing degree of flexibility and inclusivity to the table. Their advantages include larger vehicle inventories and more lenient contractual parameters, presenting an appealing option for financially challenged customers.

The National Automobile Dealers Association (NADA) reported that BHPH dealerships typically carry up to 30 percent more vehicles than traditional dealerships. This larger inventory gives potential buyers a more extensive range of choices, increasing the likelihood of finding a vehicle that suits their specific needs and budget. Furthermore, a study by the Auto Dealer Today magazine found that 70 percent of BHPH inventory was made up of vehicles with lower prices—generally under $10,000. This makes BHPH dealerships particularly attractive to financially constrained buyers who may not be able to afford more expensive vehicles.

Beyond the advantage of a larger inventory, BHPH dealerships provide more flexible contractual terms. While traditional dealership contracts often come with stringent conditions, BHPH dealerships offer more relaxed parameters, accommodating the financial uncertainties that some buyers might face. A report by Consumer Reports highlighted that many BHPH dealerships allow customers to return the vehicle without a severe impact on their credit score if they find they're unable to continue making payments. This flexibility provides a valuable safety net for financially challenged individuals, allowing them to commit to a car purchase without the fear of potential financial distress down the line.

Moreover, BHPH dealerships frequently work with buyers to restructure their loan agreements if they're struggling with payments. A study by the National Association of Consumer Advocates found that 55 percent of BHPH customers were able to renegotiate their loan terms when they faced difficulties in meeting their payment schedules. This further illustrates the flexibility and understanding BHPH dealerships provide, acting as a significant advantage for financially challenged customers.

A Secure Pathway to Financial Independence

Buy-Here Pay-Here (BHPH) dealerships have carved a unique niche in the auto industry, providing individuals facing financial challenges with a more secure pathway to achieving financial independence. They are not merely a platform for car purchase but also a stepping stone to financial responsibility and credit improvement.

A cornerstone of the BHPH model is the ability to rebuild credit. With the direct financing provided by BHPH dealerships, borrowers can demonstrate financial responsibility through consistent repayments. Experian, a leading global information services company, highlighted in their report that borrowers with subprime and deep subprime credit scores who took out auto loans witnessed an increase of 62 and 52 points on average, respectively, after a year.

This rise in credit scores is not merely a numerical improvement. It reflects the individual's journey towards financial stability and can open doors to opportunities that may have been previously inaccessible due to poor credit. Improved credit scores can lead to better loan terms for future purchases, lower insurance premiums, and even enhanced employment opportunities, as some employers consider credit history in their hiring process.

In addition to credit improvement, BHPH dealerships promote financial discipline. Making regular payments for a significant purchase like a car instills the importance of budgeting and timely debt repayment, vital skills in personal finance management. In a survey by the National Financial Educators Council, over 50 percent of respondents felt more confident in managing their finances after having successfully repaid a loan.

The pathway offered by BHPH dealerships thus encompasses more than immediate car ownership. It includes the improvement of credit scores, fostering of financial discipline, and ultimately, the attainment of financial independence. This comprehensive approach is a testament to the essential role BHPH dealerships play in the financial landscape.

Contrary to traditional wisdom that often leans towards established dealerships, BHPH dealerships present an inclusive alternative for those facing financial difficulties. By breaking down the barriers to car ownership and promoting financial responsibility, BHPH dealerships are transforming the dream of financial independence into an achievable reality for many.

Are you ready to purchase a new ride? Contact Great City Cars today at 614-522-6500 or check out our website for more information.
​

Looking to purchase a vehicle but worried about your credit score, or perhaps a little short on cash? Fear not! There's an amazing solution waiting for you at the nearest "Buy Here, Pay Here" car dealership. Today, we're going to delve into the benefits of purchasing from these dealerships, focusing specifically on how you can drive away with a fantastic car today from Great City Cars with just a $500 down payment and payments as low as $115 a week.

Bad Credit, No Problem!
One of the standout benefits of buying from a Buy Here, Pay Here (BHPH) dealership like Great City Cars is that it provides auto financing for people with bad credit or no credit at all. BHPH dealerships understand that everyone can face financial hardship, and instead of looking at your past mistakes, they focus on your ability to pay going forward. Hence, if you've been rejected by traditional lenders, don't despair. A BHPH dealership can be your doorway to owning a car, despite your credit history.

In-house Financing
At Great City Cars, the entire financing process is managed in-house. This means the dealership itself acts as your lender. The convenience of this can't be overstated. You not only find the car you desire, but you also secure the necessary financing all under one roof. This simplifies the buying process, saving you precious time and effort.

Flexible Payment Terms
Another major advantage of buying from a BHPH dealership like Great City Cars is the flexibility they offer with payment schedules. Here, you can arrange weekly or bi-weekly payments that align with your paychecks. This makes it much easier for you to manage your budget and ensure you never miss a payment. With payments of just $115 a week, owning a car becomes an achievable dream.

"Buy Here Pay Here" Dealerships: The Road to Credit Recovery and Vehicle Ownership

By Breck Hapner

In today's fast-paced world, owning a vehicle has become a necessity for many people, making transportation a key aspect of daily life. However, not everyone can afford to purchase a car, especially those with poor credit. This is where "Buy Here Pay Here" (BHPH) dealerships come into play. These dealerships cater to people with bad credit or no credit, offering financing options that can help them get back on the road and improve their credit scores. 

Why "Buy Here Pay Here" Dealerships Are an Attractive Option

Access to Affordable Vehicles 
BHPH dealerships typically offer a wide variety of pre-owned vehicles at various price points, making it easier for customers to find a car that meets their needs and budget. While the selection may not be as extensive as traditional dealerships, the focus is on providing affordable options to help customers get back on the road.

Increased Mobility and Employment Opportunities
Having a reliable means of transportation can greatly impact one's ability to secure and maintain employment. In many cases, a lack of transportation can limit job opportunities and hinder career growth. By providing accessible financing options for those with poor credit, BHPH dealerships enable customers to secure a vehicle, which can in turn improve their overall financial situation and create more opportunities for career advancement.

Sometimes life gets complicated and things get rough. We understand.  Our goal is to help you begin the process of getting things moving in the right direction for you.  We also understand that life's challenges and drama are overwhelming at many times. 

That is why we are here.  We know that although your credit may not be good, you still need reliable transportation.  So we created a Buy Here Pay Here Car Dealership in Columbus to help.

We are forthright and will work with you for just about any situation.  If you have  a valid drivers license  and a job, we will approve you for a used car that you can drive away in today.  We are the bank, so we do not pull credit.  We make a deal with you, and you pay us each week, and you get to drive your car.  

We offer some of the lowwest downpayments for a buy here pay here car lot and we will cap your weekly payment at just $95/wk.  Now, we do require you maintain your car.  Some of the cars need maintenace, so please know that while we do our best to check for any major defects of all cars we sell, we do not warranty the car itself.  This is not to hurt you, this is just a rule in place because these are used cars. We are being transparent here for you.

So, if you have bad or no credit, bankruptcy, repossesin or any other credit issues, we will look past these and get you apporved.  Our inventory is constantly moving, so wat we receommned you do is apply online and then come to visit us on our lot at 6147 Westerville Road and find a car that can fit what you need today.  We have all types and brands of cars, trucks, SUV''s Vans and more, so we know we can get you into a car today.

If you would like to get started, click HERE

​Great City Cars is a used car dealer columbus offering on-site car financing in columbus. Our in house car financing columbus and buy here pay here in columbus ohio services help our customers get and stay on the road. Come by our buy here pay here car lot columbus and see why Great City cars is the BEST columbus ohio buy here pay here lot. Apply online today and get driving right away!!

If you have been turned down for a car loan, you may have to consider a Buy Here Pay Here Car Loan and Dealership.

What is a buy here pay here car loan? This is a loan that you get directly from the dealership iteself.  There is no bank financing, so there is no typical loan qualifications needed.

Because we act as the bank, you will also make your payments here at the dealership on a weekly basis. This allow you to get into a car to get to work, drive the kids around and live your life.

We know that sometimes life gets rough, and sometimes your credit takes a back seat to life. This is okay with us. 

We will hjelp you get into a used car today with a drivers license and a downpayment as low as $500. You can even save $200 off your car when you opt into our great savings offer. 

So, buy here pay here car lots like Great City Cars exist because we know the need is there. We want to help you get back on the road and back to work. You can always pay off your loan early and we can even help you upgrade if you are interested in this.

Our team likes to say YOU ARE APPROVED!!@

So what are you waiting for.... APPLY NOW

At Great City Cars, we offer convienient Buy-Here Pay-Here Financing. What is Buy Here Pay Here in Columbus? It means that we do not pull your credit to get a car. You do not have a bank loan, you have a loan with us instead  We work with you for your down payment and we keep the payments fixed each week so you can budget your car accordingly.

We are constantly bringing in new used cars for our customers.  Many times the inventory on the website is already gone before it is even up for a day, so to buy a car from us, we have found it is best that you Click Here to Apply First, then come on down and see us at our loaction at 6147 Weservlle Road. 

When you come by, one of our representatives will show you the cars that you may be interested and let you go on a test drive as well. 

We will explain what we know about the car, its maintenance history and we will let you decide for yourself if it works for you. No Pressure. No being hurried or pushed into . We are here to make your life a little easier.

We know that some people with credit challlenges often feel like they are treated badly because of this. At Great City Cars we offer a no judgment zxone, and will be kind and profesisonal with you throwughoout the proces.

So if you have some credit issues and still need a car, the buy here pay here car lot at Great City Cars is the BEST in the business and we look forward to helpig YOU next!

Easy and cheap ways to save fuel and money while driving and buying gas.

• Are You Driving on Fresh Air?
• Do you travel miles to save pennies on fuel costs?
• Do you watch your fuel gauge more than your Speedo?
• Is the rising cost of Gas strangling you?

Fear not...Help is at hand...GET A BICYCLE!  Seriously, there are a few things that can be done without throwing your car keys away and walking everywhere. (PHEW)!

A lot of the things you can do to save fuel are easy and free.  When was the last time you checked your tires to see if they were inflated to the correct pressure? Under inflated tires are one of the main causes of excess fuel consumption. It's easy to check your tire pressures daily with a 
cheap tire pressure gauge; if you don't know how asks your local garage mechanic to show you (A free beer works wonders).

When you buy your fuel can have an effect on what you get. Gas is sold by volume and as we all know from school, liquids expand when warm, so if you buy your gas at the hottest part of the day you will get less than if you buy when it is cold. So the logical time to buy your gas is just before dawn (Who's Dawn?) when it's coldest.

With 24 hour shopping it would make sense to do your weekly shop while others are asleep and fill up your tank at the same time. The roads will be quieter so less traffic to get stuck behind and waste fuel. There are various (free) websites and apps that will tell you the cheapest gas prices in your area.

How about just washing your car. It causes less drag, ... Honestly. Why do you think that swimmers shave their heads (i.e. Duncan Goodhew)? Or what about those skin tight smooth figure hugging suits worn by downhill skiers? ( Just going for a cold shower). Make car washing fun, get all the family involved. Hose down the dog, hose down the kids. Hose down the whole neighbourhood. (If winter you may ignore this one)

Sitting at the lights revving the engine may impress the boy racers but it uses gas. Rev the engine 15 times and you use enough fuel to travel one mile. Remember this next time you have to push your car to the gas station. Is your car due for a service? (I know a good priest who can give the last rites at a reasonable price). I know it costs money for servicing your car if  you are unable to do it yourself. But the cost in extra fuel if your car is not running right is even more. (Blocked air filter, worn spark plugs, sticking brakes, etc.)

Best of all drive safely. Do not tailgate! if you do you will have to brake harder when the car in front does. Give some distance to the car in front. You will use your brakes less and still get there at the same time. Watch the traffic far ahead and try to read how they are going to act, if you see brake 
lights up ahead you can react a bit sooner.  If you are driving in the wet you can sometimes see the reflections of brake   lights on the wet road surface. This allows you to slow down sooner and avoid harsh braking.

We hope these tips will help you stay safe on the roads!

There are so many reasons why Great City Cars is the best buy here pay here lot in columbus so lets name a few.

It's easy, hassle free and you can be driving away in your car TODAY

With down payments as little as $300 and payments of just $95 per week, almost anyone can now get into a new used car and be on the road again.  We are very excited when we help another person with some credit issues drive off in their own car.

Our belief at Great City Cars is that everyone who needs a vehicle should be able to get a vehicle. Many credit-challenged drivers struggle to receive flexible financing options that meet their needs, but fortunately, our trusted buy here pay here dealership in Columbus is here to step in. Whether you have good credit, bad credit or no credit, we'll help you find the car you need and allow you to finance directly through us.

But the advantages go far beyond getting you a vehicle despite bad credit or a lack of credit history. A major part of our mission is to provide you with an opportunity to get on the track toward good credit. We do this by reporting your payment history to credit bureaus, allowing you to rebuild your credit with on-time payments.

If you've been looking for a buy here pay here used car dealership in the Columbus area that is knowledgeable and trustworthy, then you've found one. Stop by either of Great City Cars Auto Lots to see our inventory in person or to meet with our friendly staff. 

Testimonial from a recent customer....

Katheryn Hatfield  recommends Great City Cars.  February 10 at 5:00 PM · "They were very helpful and was willing to work with us. I would definitely recommend them to a friend I'll be back to buy another one soon. Shauon was very helpful."