Buy Here Pay Here: Oklahoma (OK)

Buy Here Pay Here Car Dealerships in OK
Find The Right BHPH Car Dealer - Online!
Buy Here Pay Here Car Loans in Oklahoma
Get Approved!

The typical FICO rating among Oklahoma inhabitants sits at 667. Then again, today’s experts have calculated that up to one in every four to five consumers is now suffering from a 600 credit score or less. That’s a lot of people (750,270 to be exact).

Conventional banks and loan companies, regrettably, cannot grant vehicle financing to individuals with bad credit.

What Does BHPH Mean to Oklahoma Residents?

In Oklahoma, in-house car loans are another term for this type of financing. To start with, you need to understand how a traditional car dealership handles automobile financing. Essentially, dealerships are affiliated with preferred lending companies, including banks, credit unions, and car finance lenders.

After you receive your auto finance approval, the lender literally buys the automobile, and your installment payments are made to the car loan company. Given that OK buy here pay here car dealerships give car loans on site, they dodge the stringent credit criteria made by standard loan merchants. Of course, this allows them to offer cars to a broader range of consumers.

In house financing is not without its drawbacks. First of all, you will be faced with pricey car loan interest rates. As time passes, this can cost you a lot of money.

Thus, you might want to buy a car from a dealership that works with individuals who’ve got poor credit without charging you such costly car loan interest rates.

Car Lots USA has partnered with the most comprehensive network of subprime finance companies and buy here pay here car dealers in OK to offer you the best suited financing given your credit profile and household income. When you fill out your application online, cutting-edge matchmaking software goes to work matching you with the most suitable dealership for you. The benefits are wide ranging:

  • Easy Application
  • Zero Charges
  • Decreased APR Fees

Determining How Much to Spend on a BHPH Car

Oklahoma drivers pull down a typical per-year income of $35,491. Financial experts recommend that you commit no over 10 percent of your yearly wages on car payments. This is $3,549. But remember, you need to consider insurance costs ($628 a year in OK) and of course fuel costs ($2.69 a gallon as of ’08 and going up). Please do not dedicate more than this; if so, it will surely stress your budget.

Pre-Owned Cars You Don’t Want to Buy

If shopping for a pre-owned car in Oklahoma, there are some cars you might want to avoid. Below are the autos which are the victims of grand theft auto most often in Oklahoma.

  • 1997 Ford F150 Pickup
  • 2001 Dodge Ram Pickup
  • 1996 Honda Accord
  • 1989 Chevrolet Conventional Cab 4×2 Pickup
  • 1995 Honda Civic
  • 1994 Chevrolet Extended Cab 4×2 Pickup
  • 1993 Jeep Cherokee/Grand Cherokee
  • 1996 Ford Taurus
  • 1994 Oldsmobile Cutlass
  • 1999 Ford Explorer

Oklahoma Buy Here Pay Here Loans