We all know how notorious certain car salesmen are . . . There’s a stereotype that all car salesmen are out to get the most money from the customer and try to hide as much as possible. This is where the internet comes into play. You can quickly and easily fact-check what your salesman is …
Rent-To-Own Cars
Rent-to-Own Cars with Bad Credit
A low credit score can feel like a locked door. It can affect whether you qualify for a home loan, an apartment, or a traditional auto loan, and rebuilding it takes time, which is frustrating when you need reliable transportation and can’t wait. The good news is that a poor score does not have to …
Benefits of Rent-to-Own Cars Over Buy Here Pay Here
If you need a reliable car but your credit history is holding you back, you have probably run into two options that get lumped together a lot: rent-to-own cars and Buy Here Pay Here. They sound similar, and both are built for people who cannot easily qualify for a traditional auto loan. But they work …
Rent to Own vs. Buying a Car
Are you in the market for a new car? Although buying a car is the most common way to get behind the wheel, it’s not your only option. You can also rent-to-own a car, a wonderful course of action for people with bad (or no) credit who aren’t able to obtain an auto loan. Each …
How to Rent-to-Own with Bad Credit
Did you know that credit scores have only been around for the last thirty years or so? Before they existed, obtaining credit was less strict but somewhat more personal, with credit agencies calling merchants to ask, “What do you think of John Smith?” The merchant might say kind things (“He always pays on time”) or …
How to Choose a Rent-to-Own Car Company
So you don’t have an excellent credit score, but you’re desperately in need of a car . . . Believe it or not, this isn’t a problem! Due to the advent of rent-to-own car companies, you won’t have any trouble finding a quality vehicle that you can start driving immediately. However, it’s still critically important …
Hidden Costs of Buy Here Pay Here
Many Buy Here Pay Here dealerships originated in the 1970s and ‘80s, when many people were struggling to obtain credit and unemployment was on the rise. Instead of asking customers to pay cash on the spot, some automobile dealers began related finance companies (RFCs) to give loans to consumers who couldn’t get loan approval from …
How Rent-to-Own Cars Work
If you have bad credit and you’re interested in buying a car, your options will be very limited. You could buy a car with the cash in your pocket (which isn’t always possible) or you could go to a buy-here-pay-here lot and pay 20% interest (or more!) on your loan in addition to a hefty …