I mean, have you ever found yourself in a pickle and suddenly wanted a car but your credit score was just as appealing as a soggy sandwich? Enter into freedom auto sales idaho dealerships. These places are the car buying world’s superheroes, swooping in to save the day for those who have less than desirable credit.
A BHPH dealership is a one stop shop as you walk in. They give you the financing options right there, you pick your car. There is no mess with banks or credit unions. It’s like a car you buy and get a loan from your favorite uncle at the same place. However, as with everything that appears to be too good to be true, the cost comes with a few catches.
First off, the interest rates. You pay more than what you would normally pay at a regular dealership. Consider it a price you pay for convenience and a second chance. Paying extra for the express shipping because it is something you can’t do without for tomorrow. This being said the dealership is risking themselves by lending to someone with a bad credit history which is why they charge more.
Second, the selection of cars. Most likely, the BHPH lots will have older models with higher mileage. Its not the shiny new sports car that you dream of, but it gets you from point A to point B. Let’s be honest, having a reliable ride is worth its weight in gold when you are in a bind.
Now, let’s talk payments. Due to these BHPH dealerships, payments are made weekly or bi – weekly. It’s a similar sort of rent, but for your car. If you struggle with budgeting, this can be a good thing. One big chunk of money each month can be difficult to manage but smaller, more frequent payments can be made much easier. The problem is, miss a payment and it’s likely that you’ll be carless before you can say ‘repo.’
The one thing you should remember is to pay attention to the fine print. These are cat on a hot tin roof contracts. Understand the terms before you sign anything. Question what you feel is wrong and don’t be afraid to leave. The ride and the money is your, not theirs.
However, BHPH dealerships are a lifeline for those in financial trouble. It is a way of giving the people a chance to rebuilt their credit and get back into the road. Nevertheless, that’s not all sunshine and rainbows. Along with higher costs, the terms have a stricter demand. So, weigh your options carefully. Often, even if it means jumping through another hoop or two, the terms sometimes might be better at a traditional dealership or through a credit union.
Ultimately, BHPH dealerships are kind of a double edged sword. For some they can be a great solution, for others a costly mistake. Get your homework done, question people, but make the option that is best for you. After all, buying a car is a big decision and you want to be sure you are driving off the lot with a smile on your face having a deal that you can live with.