Are you stuck in a rut when it comes to personal finances, and aren’t sure where to turn? You aren’t alone. More Americans are racking up credit card bills that they can’t pay, and taking out loans in amounts they should never have qualified for. Getting bogged down with bills that you can’t pay, quickly results in creditors calling your house, your place of employment, and knocking on your door. Your once-average credit score has now dwindled down to a level you didn’t know it could hit, and while you desperately want to turn it around, no one will give you the loan you need to make things right. If this sounds like a familiar situation, or one that you are likely headed for, consider how taking out a car loan for buy here pay here in Columbus might help.
Here at McCluskey Automotive, we see this same type of situation on a daily basis. Americans are overwhelmed with debt, and end up with credit scores that can’t get them anything they need in order to turn things around. The cycle is all too familiar for many people living in the United States, and those affected by bad credit usually suffer in silence. Rather than face the ridicule and judgement of others, people with bad credit remain quiet when it comes to their financial woes, and end up making things worse.
If you are suffering from the consequences of past poor financial decisions, come out of hiding and do something about it. McCluskey Automotive has been helping people like yourself get out of debt and turn things around for years. While other buy here pay here dealerships earn a bad reputation for shady practices, McCluskey Automotive is proud to say that we are committed to helping people like you get back on their feet and move forward in life with better credit scores, and a reliable form of transportation.
If you are suffering from a bad credit score, then you have likely been turned down for automotive loans, or other lines of credit in the recent past. There are few things worse than hearing the word “No” when applying for a financial loan. Feelings of embarrassment, judgement, and inadequacy are felt, which is what sends so many people with bad credit into hiding. Rather than face their problems, they pretend as though they don’t exist. While this may “work” for a short while, the long term effects will be more damaging than most people can imagine.
When you make the decision to get back on your feet and face your financial issues head on, McCluskey Automotive is ready to help. With guaranteed financing, we won’t turn you down due to bad credit, or even no credit. Here at McCluskey Automotive, we can guarantee financing because we provide our own line of in-house credit. Rather than use an outside financial institution to secure loans for our customers, we provide them ourselves.
When you come down to McCluskey Automotive to purchase a used car, our team will work with you to find a vehicle that matches up with what you can afford to pay. Instead of first finding a vehicle and then working out a deal, the buy here pay here structure for purchasing a car works in reverse. When you arrive, you will meet with one of our friendly and knowledgeable specialists who will get an idea of your monthly income, and how much you are comfortable paying on a car loan each month. Once you agree on an acceptable number, our team member will provide you with a few different car options that you can choose from. While it may not be the most glamorous car on the lot, or your dream car, it is the first step to turning your credit around, so that you can buy the vehicle you want in the future.
After you secure your buy here pay here loan at McCluskey Automotive, you will make bi-monthly or monthly payments directly to our finance department. We will report all of your payments to the proper credit bureaus, so that your hard work pays off in the form of an increased credit score.
This in-house financing structure is the basis for buy here pay here dealerships, but it is important to realize that not all BHPH dealers are the same.
Here at McCluskey Automotive, we aren’t interested in buy here pay here loans to make a profit, but rather to help area residents turn their lives around. We will work with you to find a reliable car, at a monthly payment you are comfortable making. While some BHPH dealerships set their customers up to fail, we truly believe that this type of loan is your best way to get a second chance. The same dealers that want to see their bad-credit customers fail to make on-time payments, are usually the ones who aren’t reporting back to the proper credit agencies. The point of a buy here pay here loan isn’t just to get a car, but to get your credit score back to an acceptable level. Here at McCluskey Automotive, we understand that. Our philosophy has always been to help our customers succeed, and not set them up to fail.
A buy here pay here loan is not like regular car loans, and isn’t meant to be. This type of loan structure is meant to help people who have been turned away elsewhere, and get back on their feet and in good credit standing. That said, it is important that you are aware of what to expect with a buy here pay here car loan.
When seeking out a buy here pay here loan, expect to pay a higher interest rate than you would with a traditional auto loan. While this may seem like an unfair practice, BHPH dealerships assume a higher amount of risk when they lend to high-risk individuals with bad credit. A higher interest rate should not deter you from obtaining a buy here pay here loan if you can’t get a traditional one. Remember that the higher interest rate is not permanent, and once you use a BHPH loan to reverse your credit score, you will be able to take advantage of standard interest rates on your next vehicle purchase.
Aside from higher interest rates, you should also expect to make payments in-person at a dealership. This request among BHPH dealers is not at all uncommon, and is more the rule than the exception. Here at McCluskey Automotive, we also offer some people the option to make payments directly to our website. We understand that taking the time to come to our location is not always easy, and rather than see you miss a payment or submit it late due to scheduling conflicts, we do everything we can to ensure your ultimate success.
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