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Alabama Buy Here Pay Here (AL)

Due to the economy in AL, buy here pay here financing is becoming a good deal more popular. Because these dealers finance their customers in-house, they have a lot more leeway in determining whose credit gets approved and whose doesn’t. And because they can’t sell a vehicle to a buyer who can’t finance it, they are highly motivated to approve as many applicants as possible.

In Alabama, buy here pay here dealers go by a few different names.

BHPH Dealers May Advertise as...
  • Your Job is Your Credit Car Lots
  • In House Financing Dealerships
  • Tote The Note Dealerships

Sure, tracking down an in house financing car dealership in Alabama might seem perfect. Regrettably, there are a few significant cons, which include high aprs, significant down payments, greater risk of predatory financing tactics, and limited vehicle selection.

But don’t get worried, we may be able to help you get approved for Alabama Auto Loans with better rates of interest than you could expect at a your job is your credit lot. That’s because most of our dealers work with off-site, third-party lenders to originate loans. These lenders, even the subprime ones who work with poor credit, generally provide lower rates and down payments than in house financing car dealers in Alabama. What’s more, these lenders generally report your debt repayments to each of the primary credit bureaus. As you know, a paid-as-agreed auto loan will increase your credit score and re-establish your credit history.

Wondering what type of car or truck you should buy? Have a look at this article about cheap cars in Alabama.