It would make buying a new car or truck a lot easier if everyone had access to the same kinds of loans and financing options for getting a new vehicle as everyone else. For better or worse, however, that’s not the case, and some folks find themselves shopping for a new car, truck, or SUV with low or bad credit scores. Fortunately, things have gotten a bit friendlier for shoppers with poor credit ratings, and the internet has made it easier than ever before to find bad credit car dealerships, alternatives online, and ways to improve credit scores.
If you’re reading this, then you probably have access to the internet (or one of those relatives who loves to print up articles and blogs to make you read them). The good news is that the internet has provided everyone with more tools than ever before when trying to buy a new vehicle. That includes people who have low or bad credit but still need to find a way to buy a new car, truck, or SUV to navigate modern society.
Help with Finding Dealerships
There are more resources than ever before for people looking to buy a car who have poor credit, including a range of bad credit car dealerships that are perfect for such shoppers. Such dealerships can take different forms but usually function as “Buy Here/Pay Here” or BHPH dealerships. That means that the car-buying experience is a bit different at these locations, but finding them is as simple as a quick online search.
A BHPH dealership works with shoppers who have poor or no credit by providing them with financing directly from the dealership, rather than through a third-party lender. Traditional car loans usually come from banks and similar financial institutions, while bad credit car dealerships that offer BHPH services offer the loan themselves. These loans usually have higher interest rates than traditional vehicle loans and may have to be paid directly at the dealership, but are ideal for car-buyers with bad credit.
Not only has the internet made it easier to find these dealerships than ever before, but websites for these sellers can include a range of financing tools. Shoppers can use these tools to see what kind of financing they might qualify for before they even go to the lot – which then lets you get a sense of what kind of vehicle you might be able to afford. Not only does this save you a lot of time in searching for vehicles, but it may reveal that you have more options than you expect.
Help with Dealership Alternatives – Private Sellers
Of course, bad credit car dealerships like those that offer BHPH financing are not the only option for car-buyers who have poor or no credit, and the internet has opened up more choices than ever before. Private sellers have always been a great alternative for car-buyers who can’t or don’t want to go through a professional dealership. In the past, however, you typically had to rely on word of mouth, seeing a vehicle for sale somewhere or looking through pages in a physical auto-trading magazine or newsletter.
Now, however, you can easily find thousands of used vehicles for sale from their owners on different websites online. With a private seller, you don’t have to worry about credit scores because there is typically no financing through a bank or other lender. Of course, the other side of this coin is that you have to have the funds to purchase the vehicle in full – but there is often an opportunity to haggle for a better price with a private seller.
Help with Dealership Alternatives – Online Services
While the internet has made it easier to find bad credit car dealerships and private sellers who want to get rid of their vehicles, there are also new options that have opened up that were impossible before. Online car-selling services offer an alternative to traditional dealerships because they do not have a physical inventory in a lot where you can go see them all. There are no high-pressure sales tactics or endless hours of financing paperwork to fill out and calls to the bank to be made.
Online services make buying a car, even with poor credit, just as easy as any other type of online shopping and have created interesting new options for car buyers. You can use this type of service to look through a massive inventory of new and used vehicles and see what’s on offer. All of the information you could want is available on these sites, and there are customer service representatives who can answer questions through chat and other means.
When you find something you like, then you can set up an appointment, and a representative will bring the vehicle to you so you can see it and decide if it is right for you. All the financing tools are available online for these services, so you can plan out a purchase and know exactly what options you have. That eliminates any potential for disappointing surprises with these services, since things are upfront, and people with poor credit can see exactly what options they have available.
Help with Rebuilding Credit
Of course, just because you’re faced with choosing a bad credit car dealership or a similar option right now, that doesn’t mean it always has to be that way. One of the best ways to deal with poor or no credit is to start fixing it and building good credit so that more financing options for a vehicle purchase become available in the future. The internet has also made this easier than ever before, through a variety of tools and platforms that can be used to improve credit scores.
One of the best places to start is with a free or inexpensive credit check so you can see what your credit score is specifically at. You might be afraid to see your credit score, but think of it like pulling off a bandage – just get it over with quickly and the pain isn’t too bad. Once you know your score, then you know what you’re dealing with and can make a plan to start improving it.
Different websites offer professional financial advice to help people with poor credit start building to get to a better place. This information is invaluable since it often includes things that people with bad credit don’t even realize they can do to start improving their rating. Of course, it’s important to be sure only to use reputable sites and services and protect your information at all times.
Remember to Stay Safe Online!
When it comes to dealing with bad credit and the internet, it’s important to remember to be careful about what information you share online. Never give out private and sensitive information unless you are absolutely sure you are using a reputable website that is secure. A public forum is not the place to post private, sensitive information about yourself.
If someone is helping you with advice, you can give them information about your income and earnings, your credit score, and similar details without giving them specific information about your identity or private details like your social security number or address. Always use caution when discussing your finances online, and research any website or business you want to deal with thoroughly to make sure it is a legitimate service that will protect your important information.