Posts Tagged ‘in-house financing’
What are Buy-Here-Pay-Here Car lots, like Drive Casa, and how are they different than traditional dealerships? The answer is actually pretty straightforward! Buy-here-pay-here car lots (BHPH) are dealers that offer in-house financing, rather than going through a bank loan like traditional dealerships do. Continue reading to learn what the other differences are and how a Buy-Here-Pay-Here like Drive Casa can be the perfect choice for you!
What is a Buy-Here-Pay-Here Dealership?
Buy-Here-Pay-Here car lots like Drive Casa offer in-house financing instead of relying on bank lenders. This allows us to offer car loans to people who have less than stellar credit, or no credit at all.
BHPH Dealerships vs. Traditional Dealerships
There are a few differences between a BHPH dealership and a traditional one.
As mentioned above, Buy-Here-Pay-Here dealerships can work with people who have very little credit, or are going through bankruptcy. We offer an opportunity for people who may have a difficult time finding a loan through a traditional auto lender. However, just like traditional dealerships, Buy-Here-Pay-Here dealerships offer great deals on pre-owned vehicles for people with good credit, too.
Strict Laws & Regulations
Buy- Here-Pay-Here dealerships, like all car dealerships, must abide by the law. The difference is, Buy-Here-Pay-Here lots have to abide by stricter laws since they are also effectively an in-house finance company.
Buy-Here-Pay-Here dealerships must follow the Truth in Lending Act (TILA), which requires financiers to disclose the final sale price, the total amount financed, as well as any other important information for the consumer relating to financing. Other laws and regulations Buy-Here-Pay-Here’s are subject to are the Fair & Accurate Credit Transaction Act, State Usury laws, and the Fair Debt Collections Practices Act.
The Financing Process
The Buy-Here-Pay-Here financing process is simple as well! When you buy a car from a BHPH dealer like Drive Casa, the entire transaction takes place on the premises. We arrange everything at the dealership, and your car is bought and financed here. Your loan payments can be set up for weekly, semi-monthly, or monthly payment plan. We do this so buyers like yourself can match car payment dates with your job’s payday to ensure payments are made on time. As long as you make your payments on time, every time, your credit score will improve overtime.
We are a proud buy-here-pay-here establishment at Drive Casa. We strive to help the hardworking people in our surrounding communities find great quality cars, no matter what their credit history is! To apply online, please click here! browse our inventory, please click here!
Is it really possible to get better credit by financing a used car? The answer is yes! When you’re struggling with credit issues and know you need a better car, it’s easy to feel hopeless…But there is hope! Here at Drive Casa, we are a Buy Here Pay Here dealership that specializes in financing those who don’t have credit or have bad credit. Continue reading to learn how buying a used car can improve your credit over time!
Establishes a Line of Credit
If you don’t have any credit built up, financing a used car can help establish a line of credit! As long as you are proactive with your payments, your credit will build overtime.
Pay On Time, Every Time
Paying loans like mortgages, student loans, or car loans on time can increase your overall credit score greatly! We will work with you to find a car payment that fits your budget so it’s easy for you to make your car payment on time each month.
However, if you do not pay your car note on time, it can decrease your credit score.
Check Your Credit Score
When you apply for an auto loan, we’ll go over your credit report with you to make sure everything is accurate. The Federal Trade Commission has found that 5% of consumers have mistakes on the credit reports that affect their overall credit score. You can contest errors that you may find on your credit score. It is important to make sure that your credit report is accurate, removing any errors can improve your overall score.
Drive Casa is opening its newest location in Waco, Texas.
Waco, Texas – January 23.
Drive Casa announced the opening of a new location in Waco, Texas. The new dealership will be located at 3417 Franklin Avenue and will officially open its doors on January 31.
To celebrate the opening of this new location, Drive Casa is holding a ‘Grand Opening’ event on February 9th, from 11 AM to 4 PM at the new address. The event will include a food truck provided by Advanced Auto Source, music provided by local radio station 104.1, family fun activities and a 40” TV giveaway. For more information, please call 254-655-1548.
“This is an exciting time for Drive Casa and marks a huge milestone for the company and customers who will benefit from the opportunities this expansion presents,” said Drive Casa Owner, Streeter Berry.“Drive Casa is dedicated to helping the hard working people in the surrounding communities and we are so happy that we can now add the Waco area to that list.”
About Drive Casa
Drive Casa is a family-oriented used car dealership that is dedicated to helping those in need in the surrounding communities. Drive Casa offers in-house financing for all credit types and works hard to approve customers that are rejected at other establishments.
Drive Casa’s main mission is to provide a comfortable, friendly and low-pressure car buying experience for each and every customer.
For media and other enquiries please contact the Drive Casa Marketing Team:
Christmas time is just around the corner, have you gotten all of your gifts purchased?
While most of you have already begun your annual Christmas Shopping ritual, many of you will forget to buy a gift for the one thing that takes care of you all year long…your vehicle!
Don’t leave your vehicle out in the cold this holiday season, check out these 3 Awesome Christmas Gifts For Your Car!
The Kensington Proximo
Do you lose your keys way too often than you’d like to admit? No problem! The Kensington Proximo is your solution!
The Kensington Proximo works with a simple fob-and-receiver combination: you attach the fob to your key, couple it via bluetooth to your phone, or leave a fob in your car. Using a smartphone app, you can find it anywhere that you get a gps signal. And if you’re prone to losing your phone, when you move a certain distance from it, the app lets off an alarm.
You can purchase on Amazon for just $19.99!
Bluetooth Phone System
Are you a distracted driver who constantly messes around with gadgets? Having a bluetooth phone system like the SuperTooth HD handy in your vehicle helps remove one less distraction from your hectic ride.
Even when conditions become more hospitable, it’s still a much better idea to use a bluetooth phone system over the normal device while driving.
You can get the SuperTooth HD on Amazon for $64.49.
Car Seat Massager
Drive long hours? Upgrade your commute with a back massager designed specifically for your car!
You can buy a car seat massager from Amazon for just $49.99!
Don’t get so caught up in buying things for others, that you forget about your car!
What’s your favorite gift idea for your car? Let us know in the comments below!
If you have ever financed a car, you know that there is an immense amount of freedom when you pay it off. Unfortunately, not every vehicle lasts much longer than the pay off date- not every vehicle can go the distance. If you’re looking into purchasing a car soon and plan on keeping it a long time, check out this awesome survey from Iseecars.com that breaks down the most popular cars that owners tend to keep for over 15 years.
To get this data, Iseecars.com observed and analyzed over 650,000 used cars from 1981-2002, sold between January through November 2017. For each model, the number of cars sold by the original owner was expressed as a percentage of the total number of cars sold. “Original-owner” cars were bought as new by the owner. The models were then ranked by the original-owner percentage.
As you can see, Toyota pretty much dominates the list with Honda and Acura in close pursuit. This is really not that surprising, as all brands focus on building quality, and efficient cars for an affordable price. Another thing that can be seen from this list is that almost all brands are made by Japanese manufactures- minus the VW Golf. There are no U.S. brands here, though of course some of these models are made in America.
The next time you’re car shopping, remember brand new doesn’t mean everything. If you buy a great quality car pre loved, then you’ll be saving money in the long run! Here at Drive Casa, we have almost all the models listed above in our inventory right now! Most are only a couple years old! So what are you waiting for? Click here to search our inventory!
Cash is slowly becoming a thing of the past. We live in a world of credit, and maintaining a good credit score can mean the difference between having the necessities of life and struggling to get by. There are many factors that contribute to your credit score and trying to understand them all can be a daunting task. One thing is for certain, if you are one of the many people with a credit score that is considered poor or if you have no credit history to speak of, it is time to get back on track.
At Drive Casa, helping people fix damaged credit histories is priority number one. Because we are so committed to credit maintenance and repair, we have compiled some quick tips on how to get a less than perfect credit score back on track.
Get Rid of Your Debt
The most obvious tip is to pay off as much outstanding debt as possible without adding new charges. Outstanding balances can bring a credit score down. While paying off your debt in one big swoop may be unrealistic, increasing your monthly payment even by just a few dollars can make a significant difference.
Don’t Close Unused Accounts
Avoid closing unused accounts. Getting rid of old accounts might make you less likely to use credit, and it also wipes out part of your credit history. People with little or no credit history will face the same challenges as those people with poor credit.
Check your Credit Score
Keep an eye on your credit report. Everyone makes mistakes – even the credit bureaus! There may be inaccurate information on your credit report that is contributing to a low score. Each of the main credit bureaus maintains a dispute department. If something doesn’t look right, report it.
Create a Budget
Create a personal budget and stick to it. Being disciplined with your finances will help avoid the pitfalls that helped lower your credit score to begin with.
These tips are just a few things you can do to help improve your credit score.
Establishing new credit so that you can re-establish a solid payment history can be hard with a tainted credit score. This is where we can help the most! We help people with little or no credit get into quality used automobiles regardless of their history. When you purchase a vehicle from us, you not only get a reliable vehicle but you take the first steps in showing a positive payment history. For more information, please visit our website!
We recognize that many customers may have difficulty coming up with the down payment to get the car, truck or SUV you want. Luckily, it’s tax refund season. Your 2016 tax refund may help provide the down payment dollars you need to purchase one of our high-quality used vehicles, and keep your payments affordable. At Drive Casa, our main goal is to drive you happy, regardless of your credit situation. We will help you get the financing and quality used vehicle that you’ll not only love, but be able to afford the payments as well.