The Differences Between BHPH Car Dealers In San Antonio TX and Bad Credit Loans

by | Sep 23, 2016 | Automotive

When most people have bad credit in San Antonio TX, they think their only choice is to go to a buy-here-pay-here (BHPH) dealer. While that is an option and may work for some, it’s not your only option. Bad credit loans (either from a dealership or outside lender) is possible if you know what to do and how to do it.

BHPH Dealership

The buy-here-pay-here dealership isn’t necessarily the wrong choice. They usually have decent vehicles that have been inspected. Likewise, everything is done in a one-stop-shop atmosphere, where you find the vehicle, finance through them and drive away happy. However, outside lenders may be able to offer better interest rates and terms, which is why you may choose to shop with a traditional dealer.

Likewise, BHPH options aren’t going to repossess your vehicle if you’re a few days late on your payment, nor will they terminate the contract or add tons of late fees. They have to abide by the agreement in place, which provides the same rules to you and them.

Loan Options

San Antonio TX is full of BHPH car dealers that can help with bad credit. While they can be helpful if you need something immediately, they aren’t your only choice. Just because your score is lower than the recommended amount, it doesn’t mean you can’t get a loan from a traditional lender. Subprime lenders have more experience with getting you a fair deal. If you’re on the fence and can’t make up your mind, it may be best to get preapproval from a traditional lender and see what deals the BHPH place can offer.

San Antonio TX bad credit car dealers can help you get into your next vehicle. Visit The KEY to get preapproval for a loan right now.

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