If you need to buy a car with no credit, bad credit, or bankruptcy, then applying for financing through our Minnesota Buy Here Pay Here dealer network can help you get approved. No hassles, No fees. There are literally 1000’s of Buy Here Pay Here cars sitting on MN dealer lots, and these dealers want YOUR business. Given the economy, they need to MOVE cars, and that means you can get approved for in-house financing despite such troubles as…
- Subprime Credit
- Zero Credit
- No Cosigner
- Past Bankruptcy (Chapters 7 & 13)
- Past Repossession
- Past Foreclosure
- Past Auto Loan Delinquency
What are you waiting for? In 2 minutes flat, you can apply for no-obligation, pre-approved financing through a Buy Here Pay Here dealer near you, no matter where you live in MN. Click below to begin!
Buy Here Pay Here Auto Sales: New vs Pre-Owned
Used cars reside at the core of most BHPH car lots in Minnesota. Although the pristine paint and new car smell of a vehicle straight off the showroom floor is tempting indeed, remember that most new car dealers fail to mention that a brand new vehicle loses up to a quarter of its value almost instantaneously. That’s why so many Americans are “upside down” on their auto loans — because a new car loses so much value so quickly, they end up owing more in car debt than the car itself is worth. As you can imagine, that’s not a happy place to be if you decide to sell your vehicle or trade it in for a new one. A used vehicle has already been through this stage, and will typically depreciate in a more gradual and manageable way.
2 Ways to Make Financing More Affordable
- Get a Cosigner
- Get a Down Payment
Neither of these recommendations is mandatory. However, a cosigner with good credit can help you qualify for better interest rates. A down payment of 15-20%, on the other hand, can lower your monthly payments and avoid the burden of negative equity (ie, an “upside down auto loan”). If you can at least 1 of these options a reality, you’ll put yourself ahead of much of the competition and do your finances a great service in the long run.