Drive far enough down the road or through town and you are bound to see a buy here pay here car dealership. It seems there are more of them popping up all the time. There is obviously a reason for the popularity of the BHPH car lot and I am sure we will see them around for a long time. They are selling cars everyday to people that need to buy Your Best Choice in Car Dealerships Chevrolet Silverado LTZ Chippewa Falls WI 54729 cars that have credit problems.
Whether you realize it or not there are some pitfalls to doing business with a Buy Here Pay Here (BHPH) car dealer. Continue reading for some of the things you need to know before you buy and finance a vehicle with one of these types of automobile dealers.
Must Knows about Buy Here Pay Here Car Dealers
The buy here pay here car dealer only sells and finances used Chevrolet Silverado LTZ Chippewa Falls WI 54729 cars. In most cases the dealer is financing the car with in house financing (their own money) and there is risk involved when they are financing people with bad credit. Therefore they only finance used cars because there is less money at risk should something happen that causes them to lose their investment which is not uncommon in the BHPH business.
When you buy and finance a vehicle at a buy here An Introduction To Used Car Dealers Chevrolet Silverado LTZ Chippewa Falls WI 54729 pay here car dealership you will be paying a high interest rate on your loan. Sorry, but there really isn’t away around that fact because of the risk involved for the dealer. There is a good chance that a certain amount of their sales will go bad and the car has to be repossessed. It is a numbers game and the rate reflects the amount of risk.
Paying a loan from the Chevrolet Silverado LTZ Chippewa Falls WI 54729 buy here pay here car dealer rarely rebuilds your credit and not usually reported to the credit bureaus. They typically use in house financing they hold the paper or service the loan themselves which does not require them to report to the credit agencies. The down side is not reporting if you made your payments on time, but the upside it that you can get and finance a car.
Part of your Chevrolet Silverado LTZ Chippewa Falls WI 54729 agreement and contract with the buy here pay here car dealer is that you must make your payments on a weekly or bi-weekly basis at the dealer where you bought the car. This can be a hassle for some people, but it is easier to make a small payment weekly than a large payment monthly.
With most traditional auto loans there is a grace period for making a late payment before they Chevrolet Silverado LTZ Chippewa Falls WI 54729 start making arrangements for repossession. However with the Buy Here Pay Here Car Dealership there is rarely any grace period or if there is it is a very small time frame. If you don’t work with the dealer they will repossess your vehicle in no time at all.
Summing Up the BHPH Car Dealer
When you make a deal with a Buy Here Pay Here car dealer you should be aware of the Chevrolet Silverado LTZ Chippewa Falls WI 54729 conditions and be prepared to abide by them. The BHPH auto loan is not like a standard auto loan so you need to know what to expect. Buying a vehicle from the local BHPH car dealer might not be convenient, but at least they will get you back in the driver’s seat.
Business Results 1 - 10 of 20
Chippewa Falls WI - BingNews Search results
Local Sports Notebook: New generation carries Tilden back to Wisconsin Baseball Association State Finals
A lot has changed for the Tilden Tigers since their last trip to the Wisconsin Baseball Association State Finals ... a community contest to name the Steel mascot. Fans of Chippewa Falls’ North America...
NextGen Wisconsin aims to mobilize area’s young voters
NextGen Wisconsin, an affiliate of NextGen America, has a budget of $2.5 million and is aiming to have organizers across 35 college campuses, including UW-Eau Claire, Chippewa Valley Technical College ...
AN ORDINANCE AMENDING THE ZONING CODE OF THE CITY OF CHIPPEWA FALLS THE COMMON COUNCIL OF THE CITY OF CHIPPEWA FALLS, WISCONSIN, DO ORDAIN AS FOLLOWS:
AN ORDINANCE AMENDING THE ZONING CODE OF THE CITY OF CHIPPEWA FALLS THE COMMON COUNCIL OF THE CITY OF CHIPPEWA FALLS, WISCONSIN, DO ORDAIN AS FOLLOWS: 1. That the following described real estate situa...
WI dairy farmers return from NY with possible industry solutions
Chippewa Falls (WQOW) - An Eleva farmer, and more than two dozen others, from Wisconsin are back home with some new solutions for a struggling dairy industry. They were at a meeting in New York to tal...
STATE OF WISCONSIN CIRCUIT COURT CHIPPEWA COUNTY
Chippewa Falls, Wisconsin, Room 203. /s/ Jessica L. Hermann Probate Registrar Dated: 08/14/2018 Form completed by: Randi L. Osberg Ruder Ware L.L.S.C. PO Box 187 Eau Claire, WI 54702 Ph: 715-834-3425 ...
STATE OF WISCONSIN CIRCUIT COURT CHIPPEWA COUNTY PROBATE
State of Wisconsin, with a mailing address of 320 Colome Street Apt. 323, Chippewa Falls, WI 54729. 3. The deadline for filing a claim against the decedent's estate is 09/11/2018. 4. A claim may be fi...
UPDATE: Highway 29 crash cleared near Chippewa Falls
(WEAU) -- A lane of traffic is closed due to a crash on Highway 29 near Chippewa Falls due to a crash. According to an alert by the Wisconsin DOT, the crash happened near mile marker 73, eastbound aro...
Community leaders address foster care needs in Chippewa Co.
Chippewa Falls (WQOW) -- A side effect of the drug crisis in Wisconsin is the growing number of children being put into foster care, and there's not always enough homes to house them. Chippewa County ...
A bus tour brings Wisconsin's head of state to the area
LA CROSSE, Wis. (WKBT) - Governor Scott Walker is on a trip through Wisconsin he calls the ‘Summer Bus Tour’, which made stops in La Crosse and Chippewa Falls Sunday. Governor Walker spoke to voters a...
Family Getaways: Chippewa Falls
Summer may be winding down, but there are plenty of family friendly vacation options for you and your family. Look no further than Chippewa Falls, Wisconsin. John Mercure is joined by Jackie Boos, the ...