Application

Status

Secure Site

Archive for July, 2013

Buy Here Pay Here Car Lots in Brownsville, Texas

Want to buy a reliable used car but your spotty credit is holding you back from taking out financing that would allow you to make the purchase? Don’t lose hope.

There are many buy here pay here car lots today that can provide you auto financing despite your limited or poor credit. Brownsville, Texas is one place where these dealerships have mushroomed over the years. You will find some of them in our list below.

To be certain you’ll get a deal you’re comfortable with, pick a dealership that will walk you through the entire car buying process and will clearly explain to you the rules of buy here pay here. It’s also wise to carefully read the contract before signing it, making sure that everything you and the dealership have agreed upon is documented.

 

Urquieta Auto Sales Dealership SignURQUIETA AUTO SALES
1738 Southmost Rd.
Brownsville, TX 78521
(956) 504-2931
VISIT WEBSITE
APPLY NOW

 

 

 

Silverado Motors Dealership SignSILVERADO MOTORS
2705 Price Rd.
Brownsville, TX 78521
(956) 542-4899
VISIT WEBSITE
APPLY NOW

 

 

 

Mr. B Motor Company Website Home PageMR. B MOTOR COMPANY
2300 Southmost Rd.
Brownsville, TX 78521
(956) 541-7900
VISIT WEBSITE
APPLY NOW

 

 

 

Jerry's Auto Sales Website Home PageJERRY’S AUTO SALES
2540 W. Business 77
San Benito, TX 78586
(956) 399-4052
VISIT WEBSITE
APPLY NOW

 

 

 

Brownsville Motor Company Website Home PageBROWNSVILLE MOTOR COMPANY (2 Locations)
7675 Southmost Rd.
Brownsville, TX 78521
(956) 544-0976

6504 Padre Island Hwy
Brownsville, TX 78521
(956)838-1153
VISIT WEBSITE
APPLY NOW

 


 

Predatory Auto Loans – How Not to Get Ripped Off

Not everyone can pay for a car with cash. For most car buyers, especially those with subprime credit, taking out an auto loan is the way to go. But while auto loans make it possible for many to get behind the wheel, they also carry risks. Abusive car dealers tend to bind their customers with predatory auto loans. Fortunately, there are several ways to protect yourself from getting ripped off by unscrupulous dealers and being stuck with a burdensome auto loan.

Red Flags for Predatory Auto Loans

You as a consumer have the responsibility to be vigilant when you purchase a car and take out financing. Before we go to the how-to’s of avoiding predatory auto loans, let’s learn first how to spot them.

credit_cards

Approving False Information. If the dealer says it’s okay to put false information in your credit application, your dealer is most probably bringing you into a predatory auto loan deal.

Yo-Yo. A yo-yo scam happens when the dealer asks you to sign paperwork that does not finalize the deal. Signing the papers allows you to take the car home. However, the dealer would call after a few days to tell you that your loan application was not approved. You would be forced to renegotiate the deal and end up getting a higher interest rate.

All Kinds of Credit Accepted. Predatory lenders usually target people with bad credit. They put up ads that say bad credit isn’t a problem. While these ads give hope to subprime borrowers, they don’t disclose that the interest rates will be higher than what is normally given to borrowers with good or even similar credit.

“It’s Part of the Package.” If there are too many add-ons or extras included in your purchase, the dealer is most likely trying to inflate the cost of the deal so it can earn more profit. Some dealers would force you—as if you don’t have a choice—to pay for more items along with the car saying that they are part of the “package.”

How to Avoid Abusive Auto Loan Deals

With the signs of predatory auto loans in mind, here are some ways on how you can avoid being a victim of auto loan rip-offs.

Know your credit score well. It’s important to pull out a copy of your credit report before applying for an auto loan. Once it is in hand, look at your credit score and find out what kind of interest rate you will most likely get. This is how you can know whether the dealer is overcharging you. Believe it or not, one reason why car buyers get ripped off is they do not bother finding out their credit scores before approaching a dealer or lender.

Do business with legitimate lenders only. Give importance to legitimacy as a criterion for choosing a dealer or lender. You can verify a company’s legitimacy by looking it up on BBB’s website. Also, consider approaching banks and credit unions first for car financing before independent lenders and dealers.

Walk away if you’re not comfortable. Don’t be hesitant to leave the dealership if you feel that you are being pressured on the sale. Keep in mind that you can’t let the deal be in favor of the dealership. Otherwise, it will hurt your pocket and credit.

Government Efforts Against Predatory Lending

Recently, car dealerships have gone under the scrutiny of the Consumer Financial Protection Bureau or CFPB. The CFPB said that car dealerships have been using dealer markups or dealer reserve for unfair and discriminatory lending practices. According to the bureau, dealers, aware of their borrowers’ credit standings, abuse their role as middlemen between lenders and their customers by marking up interest rates. Dealers charge higher interest rate to minority borrowers than Caucasian borrowers with the same credit standings.

CFPB officials deem suing lenders working with dealerships to hinder dealers from evading the law and stop discriminatory lending among borrowers of different races. The bureau seems to tighten its supervision over auto dealerships after a long time of focusing their oversight on mortgage lenders, credit card companies, credit bureaus and banks.

 


 

Buy Here Pay Here Car Lots in Newport News, Virginia

Buy here pay here car lots are good sources for finding reliable used vehicles that come with financing. So in case you need a ride but your money isn’t enough to cover the cost, you can arrange to meet with these dealers to see if they can offer you a car deal that’s right for your financial situation.

Before dropping by any dealership, though, it’s best to research about them first and educate yourself about the entire car buying process. Doing so will ensure that you’ll have the upper hand during negotiation and will prevent you from getting a vehicle that’s priced more than you afford.

The city of Newport News, Virginia has a handful of buy here pay here car lots worth visiting. We have listed the contact details of some of them below.

 

EZ Auto Sample Car InventoryEZ AUTO
9930 Jefferson Avenue
Newport News, VA 23605
(757) 596-4400
VISIT WEBSITE
APPLY NOW

 

 

 

1st Choice Auto  Sales Website Home Page1ST CHOICE AUTO SALES
11306 Jefferson Ave.
Newport News, VA 23601
(757) 596-3325
VISIT WEBSITE
APPLY NOW

 

 

 

The Auto Connection Website Home PageTHE AUTO CONNECTION
9707 Jefferson Ave.
Newport News, VA 23605
(888) 236-5049
VISIT WEBSITE
APPLY NOW

 

 

 

Wholesale Direct Auto Sales Website Home PageWHOLESALE DIRECT AUTO SALES
12944 Jefferson Ave.
Newport News, VA 23608
(757) 369-3334
VISIT WEBSITE
APPLY NOW

 

 

 

Premier Auto Sales Inc. Website Home PagePREMIER AUTO SALES INC.
11530 Jefferson Ave.
Newport News, VA 23601
(757) 599-0744
VISIT WEBSITE
APPLY NOW

 


 

Buy Here Pay Here Car Lots in Grand Prairie, Texas

Been seeking for buy here pay here car lots in Grand Prairie, Texas? Well, you’ve come to the right place. Below, we have listed some dealerships that can help with your transportation needs.

The great thing about these dealerships is that they sell reliable pre-owned vehicles at affordable rates. But, what truly sets them apart from other dealerships is that they’re open to provide financing to car buyers, including those with less than perfect credit. So with their help, you no longer have to bum rides off of your family or friends.

Be sure to check the reputation of the dealership you’re thinking about doing business with. Some dealerships are known to do a lot of schemes to score more money from unknowing car buyers. Also, take the time to read the contract before putting your signature on it. The last thing you want is to pay all sorts of fees and still get a lemon.

 

Gary's Used Cars Website Home PageGARY’S USED CARS
3606 E. Jefferson
Grand Prairie, TX 75051
(972) 237-2595
VISIT WEBSITE
APPLY NOW

 

 

 

Select Cars & Trucks Website Home PageSELECT CARS & TRUCKS
1415 E. Main Street
Grand Prairie, TX 75051
(972) 263-7400
VISIT WEBSITE
APPLY NOW

 

 

 

Vaquero Motors Website Home PageVAQUERO MOTORS
2926 E. MAIN ST
Grand Prairie, TX 75050
(972) 400-4646
VISIT WEBSITE
APPLY NOW

 

 

 

La Silla Auto Credit Website Home PageLA SILLA AUTO CREDIT
1701 E. Main St. Suite A
Grand Prairie, TX 75050
(972) 642-4904
VISIT WEBSITE
APPLY NOW

 

 

 

Camarena Auto Inc. Website Home PageCAMARENA AUTO INC.
1305 E. Main St.
Grand Prairie, TX 75050
(972) 266-5200
VISIT WEBSITE
APPLY NOW

 


 

Buy Here Pay Here Car Lots in Knoxville, Tennessee

If you are planning on purchasing a used car soon, consider Knoxville, Tennessee as one of the cities to shop in. Knoxville has a number of several buy here pay here car lots that carry good deals.

But before we go there, let us remind you first that you need to be vigilant when shopping for buy here pay here dealerships. Not all of them are dishonest but you have to be careful as you search for the good ones.

So before getting in touch with any dealership, ensure its legitimacy first by giving them a call or looking them up in BBB.com or in your state’s business registry.

Here are some great places we know in your area where you can get affordable used car deals. Check out their deals now.

 

ole ben franklin buy here pay here screenshotOLE BEN FRANKLIN MOTORS
9711 Kingston Pike
Knoxville, TN 37922
(865) 693-9315
Visit Website
APPLY NOW

 

 

 

easy auto buy here pay here website screenshotEASY AUTO
8455 Walbrook Dr
Knoxville, TN 37923
(877) 358-2401
Visit Website
APPLY NOW

 

 

 

us auto network buy here pay here screenshotUS AUTO NETWORK
6213 Chapman hwy
Knoxville, TN 37920
(865) 249-8182
Visit Website
APPLY NOW

 

 

 

quality motors buy here pay here screenshotQUALITY MOTORS
6416 Clinton Highway
Knoxville, TN 37912
(865) 688-1189
Visit Website
APPLY NOW

 

 

 

clayton autos buy here pay here screenshotCLAYTON AUTOS
4701 Clinton Hwy
Knoxville, TN 37912
(865) 688-9251
Visit Website
APPLY NOW

 

 


 

Appears On

Prescott Financial Auto Financing

Prescott Financial Social Media
Flag Ribbon
Flag Ribbon