What does it mean to buy here pay here at Fairfax (BHPH)?

 

If your credit score is less than stellar, you might not get approved for a loan on your car. In such situations, you can go for the car dealerships that offer the Buy Here Pay Here (BHPH) financing. This is perfect for borrowers who have a poor credit score and want to buy a used car. However, BHPH financing comes with a price, which means that the interest rates will be a bit high.

The thing with Buy Here Pay Here in Fairfax, VA, is that these car dealerships sell as well as finance vehicles straight off their lots. They might even advertise their services with “no credit, no problem” and “we finance.” In case you plan to visit a used car dealership in Fairfax, VA, to get BHPH financing, you will be asked to verify your proof of residence and income. This means that you should have a steady income in order to be eligible for BHPH financing. That said, the dealer will not necessarily check or verify your credit score. After the dealership ascertains the loan amount that you qualify for, you will be shown the cars that fall within that price range.

Buy Here Pay Here in Fairfax, VA, is a great way to buy used cars without the risk of getting your loan disapproved or rejected. However, it can be a bit expensive for some people due to the high-interest rates. In addition to that, some people might find the payment structure a bit inconvenient as the dealership requires the customers to make biweekly or weekly trips to make payments in person. That said, some dealerships have started offering the option of mailing a check or making an online payment.

For further queries, feel free to get in touch with Airport Auto Sales. They offer great prices, financing, and quality service.

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