Buy Here Pay Here: Texas (TX)

Buy Here Pay Here Car Lots in TX
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Texas Buy Here Pay Here Financing
Bad Credit OK!

In Texas, the state credit score average is 651, and today’s industry professionals have calculated that at least one in five inhabitants now is suffering from a sub 620 credit score. That is 5,029,112 individuals!

Old fashioned banking institutions and loan providers, lamentably, refuse to approve auto financing to people that have subprime credit scores.

The Role of BHPH Car Loans

This method of financing is often called in-house financing in Texas. For starters, you have to know how automobile financing works at a traditional auto dealership. Generally, dealerships are affiliated with specific financial institutions, including banks, credit unions, and car loan companies.

The lender establishes the credit score and down payment guidelines. In house financing car dealers, in contrast, grant automobile financing directly. This means they are not dependent upon the bankers and standard originators. Of course, this enables them to sell cars and trucks to a much wider array of shoppers.

In house financing isn’t without its disadvantages. First of all, there are the expensive interest rates. This could amount to a small fortune if you paying off your car for 60 months or longer.

Therefore, you may choose to purchase your new car or truck through a car dealer that specializes in subprime credit without insisting on such steeply-priced apr rates. Car Lots USA has combined with the leading subprime lenders and in house financing car lots in TX to provide you the optimal financing given your situation. After you fill out your loan application online, sophisticated technology goes to work to match you with the ideal car dealership in TX for you. No fees, zero obligations, and zero headaches.

Car Budgeting

Texas residents, according to the US Bureau of Labor Statistics (, earn $44,695 each year. Please don’t allocate over 1/10 of every buck you take home on car-related payments. This equates to $4,470. However, $649 has to be deducted from this total to account for the yearly price of auto insurance in Texas. This leaves us with $3,821 annually, or $318.42 on a monthly basis. This should be plenty of money to finance a used car with bad credit.

Pre-owned Cars and Trucks in Texas to Avoid

When it comes to used cars in Texas, you might want to avoid a few cars. Here are the most stolen vehicles in Texas.

  1. 2004 Dodge Ram Pickup
  2. 1997 Ford F150 Pickup
  3. 2000 Honda Civic
  4. 1994 Honda Accord
  5. 1997 Chevrolet Extended Cab 4×2 Pickup
  6. 2004 Ford F250 Pickup
  7. 1988 Chevrolet Conventional Cab 4×2 Pickup
  8. 2006 Ford F350 Pickup
  9. 1997 Ford Taurus
  10. 2002 Ford Explorer

Texas Buy Here Pay Here Car Loans