In Kansas, buy here pay here financing is becoming increasingly popular.
These car lots have a few different names:
- Your Job is Your Credit Car Lots
- In House Financing Dealerships
- Tote The Note Car Lots
To some people, getting their car loan without a credit check seems fantastic. Alas, they have some major drawbacks, which include substantial interest rates, hefty down payment requirements, much higher risk of deceptive lending practices, and narrow vehicle selection.
Even when you are battling with poor credit, you may be able to get approved for auto loans with better rates of interest than you could expect at a buy here pay here dealership. Trying to figure out what type of car to buy? Check out this article regarding cheap used cars in KS.