The average credit score in South Carolina is 665, yet an estimated one in four of SC inhabitants is inflicted with a bad credit score. In this economic climate, old fashioned banks and creditors are unwilling to give a loan to anybody except men and women with great credit.
If you have bad credit history, no credit scores, or a case of bankruptcy, determining the best automobile lender for your vehicle financing can be difficult. Despite advertising campaigns which state otherwise, most standard auto loan creditorssuch as banking institutions and automaker lending companies are loathe to grant financing to credit scores below 600. Many lenders even have minimum credit guidelines – if your fico score doesn’t meet the minimum requirements, you will be turned down. For many people, the best alternative option is tracking down Buy Here Pay Here car dealerships in Greer. Buy here pay here car dealerships don’t approve financing via 3rd party loan companies like conventional car dealerships. They extend credit out of pocket to the individual.
Buy Here Pay Here lots in Greer can approve just about anybody’s credit history, however, they do require credit checks most of the time – this may have only a limited, short-term influence on your credit rating.
You will discover certain disadvantages, however. In South Carolina, dealer car financing APR’s are generally upwards of 12%. The vehicles offered are pretty much all previously owned. Alternatively, a pre-owned car or truck is sure to be more very affordable in terms of financing and insurance coverage.
Buy Here Pay Here Car Lots has joined with the most comprehensive network of bad credit and Greer Buy Here Pay Here auto lots to offer you the best suited financing for your circumstances. As soon as you fill out your application form online, advanced technology goes to work matching you to the best dealer for you. The upsides are wide ranging:
- Easy Application
- No Fees
- Minimized Annual Percentage Rates