Buy Here Pay Here: Michigan (MI)

Buy Here Pay Here Car Dealerships in MI
Locate The Right BHPH Car Lot - Online!

According to recent statistics, Michigan car shoppers possess a FICO rating of 679, and yet present day specialists have calculated that over one in every four to five inhabitants is now being affected by a 620 credit rating or less. That’s 1,976,728 people!

Michigan buy here pay here dealerships are known to help consumers who need to finance a car with below 600 credit scores. Most old-fashioned banks will reject individuals with troubles like these.

Michigan buy here pay here dealerships, on the other hand, make it possible for buyers to get autos in monthly installment payments, without regard to their credit history. These car lots place emphasis on net income versus credit score. If you have the ability to afford the installment payments, they are happy to overlook your credit report.

Buy Here Pay Here Car Loans in Michigan
Poor Credit OK!
  • We Tote The Note
  • We Finance Anyone
  • Your Job is Your Credit

Bad Credit Automotive Finance vs Buy Here Pay Here

Simply because your credit rating needs a boost does not mean you have no choice but to opt for an in house car loan. There are several auto loan lenders who cater to the non-prime customer base. Additionally, these car loan companies will provide you with more competitive APR rates, lower down payments, and a far better chance to repair your credit score. Let’s be honest, in house financing dealerships have their downsides:

  • High APRs
  • Expensive Down Payments
  • Little Opportunity to Repair Your Credit Ranking

No worries. At Car Lots USA, we can grant you access to a diverse variety of pre-owned car lots and loan providers.

The process is relatively painless:

  1. Get Pre-Approved.
  2. Feel Safe Your Data is Protected by SSL.
  3. Check Your Credit Ranking While You’re Connected to the Best Dealer or Financial Institution.
  4. Buy Your Vehicle!

In House Financing Car Payments in MI

Michigan residents, according to the US Bureau of Labor Statistics, take home $43,357 yearly. Experts recommend dedicating no over one-tenth of every dollar you take home on automobile-related expenses. In Michigan, this is $4,336. But remember, you need to look at the cost of insurance ($981 a year in MI) and the price of fuel ($2.74 per gallon as of 2008 and going up). This should be plenty of money to finance a used car with bad credit.

Pre-owned Cars in Michigan to Avoid

When it comes to pre-owned cars in Michigan, there are some cars you might want to avoid. These are the most stolen autos in Michigan.

  1. 1996 Dodge Caravan
  2. 2000 Dodge Intrepid
  3. 2000 Jeep Cherokee/Grand Cherokee
  4. 1997 Ford Taurus
  5. 2005 Dodge Ram Pickup
  6. 1998 Plymouth Voyager
  7. 2001 Dodge Stratus
  8. 1994 Oldsmobile Cutlass
  9. 2004 Pontiac Grand Prix
  10. 2006 Dodge Durango

Michigan Buy Here Pay Here Auto Loans