Have you been through bankruptcy, repossession, or foreclosure? Buy here pay here car lots can offer financing to virtually anyone, regardless of credit. They make all credit decisions directly, so they can accommodate a wider range of customers. You will make your payments directly at the dealership, often weekly. Hence the name: “buy here pay here.”
These dealers usually advertise themselves with phrases like: we tote the note, we finance, your job is your credit, or rent to own.
Getting Approved for BHPH Financing
Who wants to cruise around town, trying to find a dealer willing to approve your credit? We’ll find you a dealership that suits your budget and needs. We work with countless dealers in Iowa offer financing for people with problems like bankruptcy or repossession. We provide our expertise completely free, and there are no commitments.
Unlike a bank or credit union, these dealerships seldom have minimum credit requirements. That being said, many dealers do have a minimum monthly income rule: $1500. Keep in mind, this is before-tax income, not what you ultimately bring home on a monthly basis.
This focus on income, as opposed to credit, is why these dealers will often tell you: “your job is your credit.”
Money Down: Necessary?
This is one of the downsides of this type of financing: down payments are usually a requirement. It’s just a fact: people with low credit scores default at a higher rate, so dealers would rather secure a reasonable percentage of the funds upfront. Many consumers negotiate for the lowest down payment possible. The down payment should help mitigate the risk of negative equity, but it’s also money you could set aside in an emergency fund.
The Small Print
Needless to say, you don’t want to plunk down some well-deserved cash for your new vehicle, only to have it repossessed. The dealer will be filled with vehicles that cost too much. You need to go with a sensible car or truck with inexpensive payments. You’ll want to read the fine print in your agreement. Knowledge is power, when it comes to this type of financing. In order to get approved, you may be asked to accept the installation of an ignitiion kill-switch.
Des Moines Buy Here Pay Here Car Lots
Access Auto Inc | 3221 East 14th Street | (515) 331-7970 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
America Used Cars | 823 Southeast 14th Street | (515) 246-8567 | Auto Outlet | 2423 Euclid Avenue | (515) 299-4741 | Auto Specialist Inc. | 208 East Army Post Road | (515) 953-7528 | Baileys Auto | 355 Northeast Broadway Avenue | (515) 246-1234 | Bickel Motors | 2507 Northeast Broadway Avenue | (515) 265-3891 | Big Guys Auto | 1717 Southeast 14th Street | (515) 244-5021 | Bob Brown Advantage Auto | 2544 Hubbell Avenue | (515) 289-8608 | Bob Brown Preowned | 2544 Hubbell Avenue | (515) 421-8426 | Broadway Auto Sales Inc | 185 Northwest Broadway Avenue | (515) 243-0200 | Brown Motorcars | 330 Northwest 49th Place | (515) 282-0123 | Caliber Car Company | 4200 East 14th Street | (515) 266-2100 | Calidelfy Auto | 4210 Southeast 14th Street | (515) 287-0817 | Car Hop Auto Sales And Finance | 2527 Se 14th Street | (515) 244-4377 | Certified Auto Sales | 5238 Northwest 2nd Street | (515) 288-4290 | Classy Chassy Auto Sales | 4520 Southeast 14th Street | (515) 287-5784 | Clemons Used Cars | 2110 East University Avenue | (515) 265-1467 | Coburns Car Center | 75 Northwest 47th Place | (515) 244-5976 | Community Motors | 2812 4th Street | (515) 243-2741 | Denny Murray Cars Inc | 2501 East University Avenue | (515) 265-5857 | Des Moines Auto | 5290 Northwest 2nd Street | (515) 289-8354 | Des Moines Motors | 4410 Merle Hay Road | (515) 270-5267 | Diamante Auto Sales | 41311 East 14th Street | (515) 264-9142 | Diaz Auto | 1711 Southeast 14th Street | (515) 244-5153 | Dons Rebuilders | 804 Southeast 30th Street | (515) 266-3940 | Downing Auto Sales | 4108 Fleur Drive | (515) 285-3890 | Eddie Shrifo Auto Sales | 5314 Northwest 2nd Street | (515) 289-1403 | Efkamp Auto Sales | 4240 Northwest 2nd Street | (515) 246-0168 | El Sol Auto | 815 Southeast 14th Street | (515) 244-7186 | Elamigo Auto Sales | 5924 Southwest 9th Street | (515) 285-5243 | Elite Auto Inc | 330 Northwest 48th Place | (515) 243-4296 | Extreme Auto Plaza | 2214 East 14th Street | (515) 266-3300 | Fast Action Auto | 4425 Northwest 2nd Street | (515) 265-6611 | Francos Used Cars | 3030 Merle Hay Road | (515) 528-9990 | Hope Auto Sales | 3017 East 14th Street | (515) 265-8897 | Hubbell Motors Inc | 4101 Southeast 14th Street | (515) 299-4815 | Jd Byrider | 2426 Se 14th Street | (515) 697-7073 | Johns Auto Sales Inc | 5435 Northwest 1st Street | (515) 650-9034 | Kenworth Mid | 4111 Delaware Avenue | (515) 421-8803 | Klein Motors | 95 Northeast 47th Place | (515) 244-9333 | Los Primos Auto Sale | 120 Euclid Avenue | (515) 280-1110 | M and M Auto Brokers | 4585 Northwest 1st Street | (515) 282-0623 | Martinsons Used Cars | 4004 East 14th Street | (515) 266-2412 | Maury Plaza Motors | 1437 Maury Street | (515) 243-4119 | Mc Kee Auto | 5095 Northeast 14th Street | (515) 266-5005 | McKenna Motors | 5325 Northeast 14th Street | (515) 645-7940 | Mid Iowa Auto Connection | 1420 East 14th Street | (515) 263-2727 | MidWest Motors | 4117 Merle Hay Road | (515) 777-2744 | Moss Motors | 4801 Fleur Drive | (515) 285-1760 | Murray Motors Inc | 2602 East Broadway Avenue | (515) 262-8244 | Northtown Motors | 355 Northeast Broadway Avenue | (515) 246-1234 | Owen Auto | 923 Army Post Road | (515) 287-7732 | Owen Auto Llc | 923 Army Post Road | (515) 287-7732 | R Huber Muscle Cars | 401 44th Street | (515) 244-2408 | Reliable Motors Inc | 5496 Northeast 14th Street | (515) 299-5000 | RVR Car Company | 1026 Army Post Road | (515) 285-8377 | San Diego Auto Sales | 2000 East Euclid Avenue | (515) 265-0134 | Saravias Auto Sales | 1450 Delaware Avenue | (515) 266-2221 | Scion Of Des Moines | 4475 Merle Hay Road | (515) 276-4911 | Southridge Auto Sales | 6017 Southeast 14th Street | (515) 285-2800 | Stock Motors Inc | 1101 Southwest 63rd Street | (515) 277-5000 | Tbk Wholesale | 1611 Army Post Road | (515) 953-1166 | Toms Auto Sales and Service | 2136 East University Avenue | (515) 262-9538 | Ultimate Auto Center | 2001 Hubbell Avenue | (515) 266-1888 | Van Meter Auto Sales L.C. | 3409 6th Avenue | (515) 987-1050 | Westown Auto | 111 East 3rd Street | (515) 282-3244 | Wholesale Auto Inc | 4400 Southwest 9th Street #2 | (515) 285-9903 | Xtreme Autoworx | 5701 Northwest 2nd Street | (515) 664-6609 |