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Anthony Nguyen
Anthony Nguyen

Buy Here Pay Here Dealerships In Kansas City


For years Cars Now KC, located in Kansas City, MO, has been your premier buy here - pay here automotive dealership, offering the best selection of used cars, trucks, and SUVs available starting at $400 down and $50 a week. Our knowledgeable sales staff is here to assure you find the right vehicle for you and your family. Our mission is to provide the best customer service while facilitating a fun, hassle-free car buying experience.




buy here pay here dealerships in kansas city



CNW estimates that there are more than 33,000 such lots nationwide, compared with about 20,000 dealerships selling new cars. Buy Here Pay Here dealers make $80 billion in loans every year, according to the Federal Deposit Insurance Corp.


In a Buy Here Pay Here loan, there is no outside money. The cars are sold on installment plans, an approach once common for big-ticket purchases like refrigerators and still widely used by rent-to-own furniture stores catering to people who don't have credit cards.


There have been some crackdowns on Buy Here Pay Here dealerships. In 2004, an Ohio chain settled a federal class action for $21.8 million, paying up to $500 each to 123,000 customers who alleged they were misled about their loans. In 2006, the Kentucky attorney general reached a $7.4-million settlement with the nationwide J.D. Byrider chain to settle claims that it used deceptive sales practices, among other violations.


Camacho's customers are drawn from the dusty streets of Palmdale and Lancaster, where the median household income is nearly $9,000 below the statewide median of $60,392. Many of his customers have checkered financial histories: repossessions, foreclosures, missed child support payments, unpaid medical bills.


"The amount of return from these loans you can't get on Wall Street. You can't get it anywhere," said Michael Diaz, national sales manager for Small Dealers Assistance Inc. in Atlanta, which buys loans originated by Buy Here Pay Here dealers. "It's the gift that keeps giving."


"There hasn't been widespread public attention paid to Buy Here Pay Here because mortgages have been such a preoccupation," said Kathleen Keest, senior policy counsel for the nonprofit Center for Responsible Lending.


"It's not even a drop in the bucket," Faulkner said of programs like his. "The system just isn't set up for these people to succeed. There should be a Small Business Administration or Federal Housing Administration for cars."


"Public transit is not practical in Milwaukee where the wind chill can be 45 below and you have to drop three kids off at day care," Moore said. "We really have a crisis with respect to getting people to their jobs.


If you need a car but have poor credit, buy here, pay here dealerships may seem like a good idea. Unlike most car dealers, buy here, pay here car lots finance your car directly rather than through a bank or credit union.


High APRs. Buy here, pay here car lots routinely charge high interest rates, up to the maximum allowed in the state or even higher if the buyer agrees. For example, the legal rate of interest in New York state is 16% for loans under $25,000, but dealers are also allowed to charge a Credit Service Charge at whatever rate the buyer and seller agree upon. The higher interest rate can make it more difficult to keep up with the payments.


May not help your credit. Not every buy here, pay here dealer reports your payment history to the three major credit bureaus. Ask your salesperson if they report payments and to which agencies. Otherwise, you may lose the opportunity to improve your credit score.


Before you settle for a buy here, pay here car loan, consider exploring other options. One alternative is a bad credit car loan, a conventional auto loan with higher interest rates for borrowers that have lower credit scores.


In-house financing. Some franchised dealerships also have their own lending companies. Shopping for in-house financing at a dealership rather than going to a buy here, pay here lot could mean that you have access to a wider variety of cars and more lending options.


When you're dealing with less than perfect credit in Kansas, you might not know where to turn. Most traditional lenders such as banks, credit unions, and the lending branches of car manufacturers don't work with borrowers with subprime credit. Instead, you'll need to find financing through a different source.


If you've hit a wall trying to find auto financing in Kansas, a local buy here pay here (BHPH) lot may be just the ticket. Here at Drivers Lane, we specialize in helping people with bruised credit find the right solutions to get back on the road, and we want to help you find a BHPH dealer near you.


One of the best things about buy and pay here dealers is that they're the financers, so there's no outside lenders to deal with. Because of this, a BHPH dealer often doesn't pull your credit - the only thing you need to qualify for a car is proof of income. You'll also typically make your payments directly to the dealer, on a weekly or bi-weekly schedule. Keep in mind you won't find any brand new models here, and the cars will usually be a bit older with higher mileage. But if you've got the money for a down payment and need to finance a car today, these dealers can be your best option around.


Banks want your business. In this competitive market there has never been a better time for customers with credit issues to get into a vehicle they can enjoy and depend on with a reasonable interest rate.


Buy-here-pay-here (BHPH) dealerships tend to get a lot of bad press, but you won't necessarily have a negative experience if you purchase a vehicle from one of them. It is possible to successfully navigate BHPH financing, but you have to know what you're getting into.


Traditional car dealerships use the services of third-party lenders in order to offer vehicle financing. They may sell the cars, but they don't fund the loans. However, this is not the case with buy-here-pay-here dealers.


Finally, when looking for a buy-here-pay-here dealer, it's important to find one that regularly reports loans and payments to the credit bureaus. Otherwise, regularly making payments on time will do nothing to improve your credit. (adsbygoogle = window.adsbygoogle []).push();


It's important to remember that buy-here-pay-here dealers are also lenders. This means that there are lending laws to which they must adhere. Granted, when you buy a car from a BHPH lot, there are certain inconveniences that you can't avoid. Such as:


However, you should also expect your rights to be protected. For example, because they offer loans, BHPH dealers must adhere to the Truth in Lending Act (TILA). Under TILA, Regulation Z dictates that the following must be included in a written contract if you take out a loan to purchase a car:


Therefore, if you purchase a vehicle from a BHPH dealership, you will need to verify that the paperwork you receive is complete. If any document is missing or if any piece of information is omitted or improperly disclosed, you may seek legal recourse.


InstaCredit Automart is one of the Midwest's leading providers of buy here pay here financing that helps drivers secure a quality pre-owned vehicle through affordable and hassle-free auto loans. When it's time to finance your next used car purchase, let our team get you a great deal and make the entire loan process simple.


We've been serving Midwest motorists for years with one of the most extensive inventories of pristine pre-owned automobiles for sale, backed by the confidence that comes with our InstaCare Limited Warranty. When you have a buy here pay here financing team in your corner, upgrading to your preferred used car, truck or SUV is fast and easy.


Worried about your current credit situation? There's no need to fret when you team up with the used car loan experts at InstaCredit Automart. We're a premier buy here pay here financing center that proudly caters to car shoppers from Collinsville, IL, to O'Fallon, MO, and beyond with in-house auto loan solutions.


Since we are a buy here pay here auto finance center, you can get into a late-model car, pickup or SUV without even needing to secure an auto loan from your bank or credit union. That's right; we make it that easy!


Prior to joining NCM, Brent worked for over 17 years in sub-prime finance, sales, and collections; 11 years of which were spent in Buy-Here Pay-Here dealerships. He spent 10 years with Auto Master Buy-Here Pay-Here of Northwest Arkansas where he served as vice president. Brent played an integral role in growing Auto Master to 10 locations in three states with receivables in excess of $50 million and participated in selling the company in August of 2006 to a publicly-held company.


I am an actual customer who purchased my vehicle from Metcalf Auto Plaza 3 years ago. First things first my buying experience was easy and hassel free. I didn't feel pressured to purchase and I was given several buying options that were designed to fit my lifestyle. The inventory was well past what I had orginially expected (lots of nice cars to choose from). I was able to drive away the same day despite the fact that I was credit challanged and had NO MONEY to put down. Repairs are expected with ANY used car (no matter who or where you get them from), I've had a total of 3 repairs to my car and each time Metcalf Auto's Reapir personnel made sure I was back on the road in no time (same day). They were always kind and curteous to my needs, and always very professional. They're always easy to do business with and they make sure the wait is short yet comfortable. I am pleased to say that I am near the end of my payments and look forward to owning my car. I RECOMMEND Metcalf Auto Plaza to anyone who is looking for a great used car at an extremly fair price, especially if your credit challanged and have little if any money to put down.


With the aggressively styled LC 500 garnering most of the Lexus coupe headlines, what with its eight-cylinder engine and look-over-here sheetmetal, its RC stablemate often gets short shrift. Meanwhile, the more attainable Toyota 86 (formerly the Scion FR-S) seems to make headlines for not offering extra horsepower than for anything else. 041b061a72


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