What is "Buy Here Pay Here"? Is There a Better Option for Bad Credit Buyers?

People who have bad credit often think their only realistic option is a "Buy Here Pay Here" dealership. We offer a much better bad credit loan choice here at Pellegrino Auto Sales so let us explain how a Buy Here Pay Here dealer operates.

A BHPH dealership does the financing themselves and makes car loans directly to buyers with bad credit.  You might be tempted to go that route because it means you don't need a credit check. The problem is that you can end up paying a lot more than if you were to get bad credit financing with us. Here's more information about Buy Here Pay Here dealerships and why we offer something better when you need a bad credit car loan.

Isn't every bad credit dealer a Buy Here Pay Here dealership?

No, fortunately you have much better bad credit options. If you're a Buffalo customer who's aware that we specialize in bad credit car loans, you might assume we're a Buy Here Pay Here dealership. But we think there's a much better way to help people get the bad credit financing they need.

We've had a lot of success working with buyers from nearby Rochester by avoiding the pitfalls involved in a Buy Here Pay Here arrangement. Instead, we're a used car dealership that will work with you to find the most affordable car financing solutions regardless of the credit challenges you've had in the past.

What are the downsides of a Buy Here Pay Here dealership?

An Oakfield buyer who does business with a Buy Here Pay Here dealership is likely to end up with a car-buying experience that puts you on the wrong path. While it's true that kind of dealership doesn't check your credit, they might be charging you much higher interest rates than if you worked with Pellegrino Auto Sales. When you're trying to rebuild your credit, the last thing you need is a bad credit car loan with a high interest rate and car payments that are hard to make.

Why is Pellegrino Auto Sales a better place to get a bad credit car loan?

Applying for a loan with our dealership won't impact your credit score so you don't have to worry about taking that step. Unlike Buy Here Pay Here dealers, we work with reputable banks and credit unions to get you a used car loan. We make sure you get approved and help you find the most affordable available option.

By contrast, a Buy Here Pay Here dealership will simply make sure you meet their residence and income requirements and then they'll try to sell you a vehicle. The chances are you'll end up paying more than the car is worth and it might not even be a vehicle you like.

Is it true that you actually guarantee loan approval?

Yes, we offer guaranteed loan approval for Elba car buyers and we have a lot of experience in getting bad credit car loans for everyone who walks in the door. In addition, we're a used car dealer that gives you totally transparent pricing and we don't use gimmicks to sell you a car you don't need. Every one of our cars, trucks and SUVs has a market-based price and we work within your budget to help you get pre-approved for a car loan that can help you rebuild your credit.

We're ready when you are

If you want to work with a used car dealer who's helped thousands of buyers here in central New York get bad credit financing and rebuild their credit, fill out our secure, totally confidential online credit application today. At Pellegrino Auto Sales in Batavia, we offer guaranteed loan approval and we'll help you raise your credit score with an affordable bad credit car loan.