While some buy here pay here dealerships may be able to get you approved with low credit, you should be cautious about the dealer’s policies. Some may not report your payment history to the major credit bureaus, so you should ask before signing a contract. Moreover, many dealers have high interest rates, which can make your monthly payments unaffordable. A better choice is to wait until you have a higher credit score before you apply for a loan with a BHPH dealership.

While it might seem convenient to make an auto loan application online, the process is usually more complicated. Some dealerships require you to provide a credit report before they can approve you. Moreover, many of them do not offer immediate approvals. It may take a few days before you receive a decision on auto financing, especially if you don’t have a credit history or if you do not provide enough documentation to prove your income. However, most buy here pay here dealerships will let you know the exact amount of the loan you are approved for and will handle the rest.

Another good reason to use a payhere buy here dealership is that they specialize in reliable cars. They aren’t interested in glitzy interiors or the latest technology. This is because they know that the less time you spend in your car, the less money they earn. As a result, they don’t offer heated seats or fancy technology.