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Buy Here Pay Here Program
Q: What determines if a vehicle is available on the BuyHere - PayHere program?
A: Many factors come into play when choosing which vehicles are available for this program. How much the total price is on the unit is a key factor, along with the size of the downpayment, payment schedule and amount.
Q: Is there a required amount for a downpayment?
A: Yes. Our standard selected vehicles for the program require a downpayment ranging from $800.00 to $1500.00 depending on the vehicle. Certain vehicles that aren't selected for the program can sometimes be adjusted, with a larger downpayment.
Q: Can I slip by with just liability insurance?
A: No. Full coverage insurance is required on all vehicles in the program. This helps to protect our company, and you the customer as well.
Q: Is there interest applied?
A: Yes and no. There isn't a percentage rate applied, simply a flat rate. The amount added is determined by the size of downpayment, and how quickly the vehicle will be paid off. Longer loans warrant a larger amount owed than a shorter loan, therefore window price on the vehicle is always stated for a cash purchase and not for this program.
Q: What payment schedule will I be setup for?
A: That all depends on how you get paid. If you don't get paid weekly then that option would be hard to commit to. Bi-Weekly or monthly would be more suitable and that is how we would set your payments. Matching your due dates to your pay dates is easier for both of us.
Q: How much are the payments?
A: That all depends on the vehicle. Our selected models carry a minimum payment of atleast $200.00 a month, $100.00 bi-weekly, or $50.00 weekly. If you want less of a fee applied to the loan the payments can be set for more. Bigger payments are often required on vehicles not selected for the program, but were adjusted after accepting a larger downpayment.
Q: There is an application, who all sees it and what does it contain?
A: The application is standard information about yourself & any co-applicant signing with you. Social Security Number, Driver's License Number, Date of Birth ect. The information is viewed by our company only, and will not be disclosed to other companies without your permission.
- The name of the program is "BuyHere - PayHere", and it means simply that. You purchase a vehicle from us, and you make the payments to us. No bank, no finance company, no selling your loan to who knows where, you make your payments directly to us as scheduled in your contract.
- One of the main things to know about the program is we don't do credit checks or report to credit agencies. Therefore it doesn't matter your credit score, history, or anything like that. We will review your application and accept or deny at our discretion. If we do accept your application, this also means it will not help your credit score, rating, ect. Although we do not report on these things we are more than happy to give our customers a letter of credit reference upon their request.
- Downpayments are required on all sales under this program, and it is required to be cash. Trade-ins are accepted and subject to negotiation, but their value will reflect the total owed, not the downpayment.
Q: What determines if a vehicle is available on the BuyHere - PayHere program?
A: Many factors come into play when choosing which vehicles are available for this program. How much the total price is on the unit is a key factor, along with the size of the downpayment, payment schedule and amount.
Q: Is there a required amount for a downpayment?
A: Yes. Our standard selected vehicles for the program require a downpayment ranging from $800.00 to $1500.00 depending on the vehicle. Certain vehicles that aren't selected for the program can sometimes be adjusted, with a larger downpayment.
Q: Can I slip by with just liability insurance?
A: No. Full coverage insurance is required on all vehicles in the program. This helps to protect our company, and you the customer as well.
Q: Is there interest applied?
A: Yes and no. There isn't a percentage rate applied, simply a flat rate. The amount added is determined by the size of downpayment, and how quickly the vehicle will be paid off. Longer loans warrant a larger amount owed than a shorter loan, therefore window price on the vehicle is always stated for a cash purchase and not for this program.
Q: What payment schedule will I be setup for?
A: That all depends on how you get paid. If you don't get paid weekly then that option would be hard to commit to. Bi-Weekly or monthly would be more suitable and that is how we would set your payments. Matching your due dates to your pay dates is easier for both of us.
Q: How much are the payments?
A: That all depends on the vehicle. Our selected models carry a minimum payment of atleast $200.00 a month, $100.00 bi-weekly, or $50.00 weekly. If you want less of a fee applied to the loan the payments can be set for more. Bigger payments are often required on vehicles not selected for the program, but were adjusted after accepting a larger downpayment.
Q: There is an application, who all sees it and what does it contain?
A: The application is standard information about yourself & any co-applicant signing with you. Social Security Number, Driver's License Number, Date of Birth ect. The information is viewed by our company only, and will not be disclosed to other companies without your permission.
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