Buy Here Pay Here

Bad credit car loan

While finding the right vehicle is an integral part of the car-buying process, financing is something all drivers should keep in mind. At Pat Peck Kia, we want to help you explore your options, from Buy Here, Pay Here (BHPH) financing to more conventional financing paths.

If you’re searching for a new vehicle near D’lberville, Gulfport, or Hattiesburg, you should be able to get the auto loan and financing option you need. We’ll help you find the path that works best for you!

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What Is Buy Here, Pay Here?

The concept of Buy Here, Pay Here loans is new to many drivers, and we want to peel back the curtains. When you choose BHPH, you’ll finance your car through the dealership rather than a third-party lender. With this setup, you’ll make payments directly to the dealer instead of a bank or credit union.

It’s a unique way to handle your auto financing, and it appeals to many for its perceived simplicity and convenience. There are advantages and disadvantages to BHPH loans, though. Keep reading, and we’ll give you the full picture and both sides of the story!

Will BHPH Loans Work for Me?

As we mentioned earlier, shoppers often consider Buy Here, Pay Here financing to be more streamlined. You can secure financing as soon as you choose your car—no waiting around on third-party lenders to get in touch. However, if you shop third-party lenders through a dealer, it can be just as convenient.

Another factor in BHPH financing’s favor? The lending dealership won’t check your credit score. If you’re new to credit or have a less-than-ideal score, this may sound quite appealing. However, there are certain drawbacks to this arrangement.

Since the dealer isn’t checking your credit score, they’re taking more of a risk when they lend to you. If you choose BHPH financing, you’ll likely have higher interest rates and fewer cars to choose from for that reason.

Are We a Buy Here, Pay Here Dealer?

Pat Peck Kia is not a Buy Here, Pay Here dealership. We offer financing through more traditional means: by connecting you with quality banks and credit unions across the area. Every shopper should decide for themself whether BHPH loans make sense for them, but we often advocate for conventional loans.

You can often save on interest and choose from a wider selection with third-party financing. Our finance professionals can walk you through the process from start to finish. If you’re concerned about your credit history, don’t be—we have experience helping shoppers from all backgrounds score great deals.

In fact, we can even share our tips for building strong credit. Take steps to improve your credit before you apply for financing, and you’ll be even better positioned for great rates!

Finding Financing Here at Our Dealer

We hope you enjoyed learning about Buy Here, Pay Here financing and your other finance options! If you decide to take the more conventional route in search of more opportunities and lower rates, we can help.

At Pat Peck Kia, we believe any driver from D’lberville, Gulfport and Hattiesburg should be able to get the car they want on the terms they need. Luckily, we’ll be here to help you find the right financing options, no matter your credit history.

As a full-service dealership, financing is just one of the many services we’re happy to offer. For more info on how we can help with financing, contact our finance department today!


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