Credit problems are nothing new. Ever since the concept of “buying on time” was introduced, there have been people who have had trouble making their payments. The result is that those who “on credit” end up imposing a finance charge- interest on the unpaid balance. As more and more people developed sloppy payment habits, the sellers (or lenders) were forced to raise the interest rates they charged. Interest became a function of risk. The higher the risk, the higher the interest rate. Systems and regulations were put in place to monitor the amount of interest that was fair and to track consumers’ rick factor based on their payment history.
Even with credit problems, consumers need transportation. Banks, credit unions, auto manufacturers and other traditional lenders have avoided the higher risk markets and have not been wiling to finance those with credit problems. Thus, the “buy here pay here” industry was born. Thousands of independent dealers opened lots across the country at which consumers could purchase a used car and get financed at a higher interest rate. For many, buy here pay here car lots have been their road back to a promising financial future.
When choosing a buy here pay here car dealer, look at these key things:
1. Better quality cars that have undergone a comprehensive inspection and are backed by a warranty.
2. A dealer who is willing to analyze your financial situation and help establish a budget and an affordable payment.
3. A company that’s willing to stand behind the vehicles it sells by providing service protection programs and affordable service after the sale.
J.D. Byrider specializes in providing good cars for people who need credit. After 20 years in the business, we’ve sold nearly 900,000 vehicles across the country. And we’ve focused on taking care of our customers to the point where we now have a Sales Satisfaction rating of 96% and a Service Satisfaction rating of 90%… we think those are the highest in the industry! Check out what our customers have to say at JDBFacts.com.
If you need a good car and financing, log on to GOJDB.com and apply from the comfort and privacy of your computer. We don’t rely on outside banks for approval of your financing so you could be driving the same day you apply.