Here in Raleigh-Durham, there are many places to shop for a car. However, if you have no credit or bad credit and you need a car now, your options are limited. Traditional used car dealerships don’t offer financing to people who have bad credit or no credit. And, if you’re like most people, you can’t afford a car out-of-pocket. If you’re feeling discouraged, you’re not alone. It’s time to visit a buy here pay here dealership.
Buy Here Pay Here Financing
You might be wondering how buy here pay here dealerships can offer you auto loans when other car dealerships can’t. The difference is that buy here pay here dealerships offer financing in-house, meaning that you don’t have to get approved through a bank. You’ll also make payments directly to the dealership where you bought your car, rather than a bank or third party.
When you have no credit or bad credit, your interest rate on your car loan will be higher than average. This is something to keep in mind when you’re considering how much you can afford to spend on a car. You’ll also want to consider the length of your loan. While shorter loans often have lower interest rates, your monthly payments will be higher. A 60-month loan might be more affordable in the short term, but you’ll end up paying more overall for your car when you factor in interest.
Why J.D. Byrider?
Our goal at J.D. Byrider in Raleigh-Durham is to offer financing to our customers with no or bad credit so that they can drive away in a safe and reliable car. We might even be able to help you if you’re currently undergoing a bankruptcy. To us, you’re more than just your credit score or financial history, and we understand that life events can often be unexpected or out of your control.
At J.D. Byrider, we’re committed to your financial success. Our flexible payment schedules make it easy to ensure you pay your biweekly bill on time. Many of our locations even offer the option to schedule automatic payments from your bank account right after pay day. Unlike other dealerships, we report your on-time payments to all three major credit bureaus, helping you improve your credit score.
We also make sure that you can afford the car you’ve picked out. J.D. Byrider discusses interest and financing terms thoroughly with our customers, along with hidden costs like gas mileage and insurance prices, to make sure that you know exactly how much you will pay for your car.
Ready to start your car search today? Click here to complete our 60-second financing approval process (it won’t affect your credit score). After you’ve been approved, the Raleigh-Durham J.D. Byrider will call you to schedule an appointment at our dealership. We’ll ask you to bring a few documents to your appointment, like references and your driver’s license, so that we can understand your financial situation in full.
For more than 25 years, we’ve helped over 1.2 million customers drive away in safe, reliable, and affordable vehicles, and over 95% of our customers say they’ve had a positive experience with us.
And, unlike other dealerships, J.D. Byrider offers either a limited warranty or a service agreement for your car. So if you have no credit or bad credit, come to your Raleigh-Durham J.D. Byrider dealership to see how we can help you!