What it is I’ve been hearing more and more about this type of dealer scam lately. They get a potential buyer with bad credit, tell them that they have good credit, and offer them a low rate (pending loan approval). The customer drives off the lot with their new car thinking they got a good [...]
Lemon Check – Is the car a Lemon. Record Check – How many records are in the CarFax Database. Recalls – What recalls are there from the manufacturer. While the above information can be interesting, it doesn’t really tell you everything you need to know. You are better off running a full CarFax to determine [...]
CARFAX is unable to provide vehicle history information for vehicles manufactured prior to 1981, because there were no standardized vehicle identification numbers on vehicles prior to 1981. Since the standard VIN is the key to creating Vehicle History Reports, it is nearly impossible to produce accurate and reliable information on a vehicle’s history. You can [...]
There are several avenues of information provided on a CARFAX Vehicle History Report that will help to negotiate a lower price on a used car. One essential piece of information is if the car has been in accident or not. Typically, a seller of a used car might not know or reveal if the used [...]
Ownership History · Year purchased · Type of owner · Estimated length of ownership · Owned in the following states/provinces · Estimated miles driven per year · Last reported odometer reading Title Problems · Has the vehicle been Junked? Salvaged? Rebuilt? · Has the vehicle been through a Fire/Flood? Has it had Hail Damage? Is [...]
CARFAX is the leading provider of vehicle history information. CARFAX Vehicle History Reports, created by using the vehicle identification number (VIN), unique to each vehicle, along with title documents, are the key to unlocking each vehicle’s past. This information is a useful tool for consumers when buying any used vehicle.
How is “buy here pay here” different than traditional financing? This is a common question asked by people searching for non-traditional car financing options. Buy Here Pay Here (BHPH) financing basically means there is no third party involved, it is strictly a car loan offered through the dealership on their terms. Because people looking for [...]
If you are looking into non-tradtional car loan options you need to know the risks of using a “buy here pay here” car dealer? This type of dealership is not always a bad option, but it can be and you need to prepare yourself for potential pitfalls. Buy Here Pay Here Risks: Very high (sub-prime) [...]
Buy Here Pay Here (BHPH) loans from used car dealers have many drawbacks and potential pitfalls if you are considering this option. However, if you have a very bad credit score, Buy Here Pay Here dealerships might be your only option to get a loan to purchase a car. Another important benefit is once you begin making payments to your [...]
You know you want to try to get a car loan at a Buy Here Pay Here (BHPH) dealership, but how do you find these car lots that offer this service? Discovering these Buy Here Pay Here lots is not as easy in the “Information Age” as it could be. There is no quick search you [...]