Growing up in the economically depressed, car-dependent Rust Belt meant that the big tax return checks we got in the spring often went to securing another family car. Most folks I knew who depended on these refund checks to make it through the year didn’t have great credit, either. Maybe it was poor money management or just the circumstances of being poor, but they were prime targets for the “Buy Here, Pay Here” dealership model.
Buy here, pay here dealerships have a bad rap, all of it deserved. Still, it can often be the only source to get a (somewhat) decent vehicle for the cash- and credit-strapped. But there are some choices that can be made at a buy here, pay here lot to minimize hardship and get the best out of a bad situation.
What is a buy here, pay here dealership?
For those with no credit or bad