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Getting the right answers starts with asking the right questions
Each one is designed to give you a starting point in your conversation with a Buy Here Pay Here (BHPH)
Dealer. Pick the two that matter most, ask all five or add your own questions to get the information you're
interested in. Regardless of how you use this list, we hope you'll feel confident and comfortable when you
visit our dealerships.
1. What do I need to bring when I visit your dealership?
Bringing the correct documents to a BHPH dealership can dramatically speed up your purchase process.
Although the list of items can differ depending on your unique credit situation and each dealer, we
interviewed BHPH dealers around the country and here is what they suggested you take:
- Driver's License
- Proof of Auto Insurance
- Financial Info (bank and credit card account info to fill out credit application)
- Social Security Number
- Eight (8) References (family relatives are best)
- Proof of Employment and Salary (paycheck stubs, with one less than 30 days old)
- Proof of Residence (mortgage document, rental lease agreement or electric bill)
- Current Phone Bill (complete cell phone bill is best)
- Down Payment
To find out exactly what to bring, call the dealership before you visit. They'll help you pull together
everything you need.
2. How do you accept payment?
Instead of making monthly payments to a traditional lender, you make payments at our payment center in
Hendersonville. Many BHPH dealers require you to physically bring cash to their location, but we are
expanding the ways we'll accept payment. We take payment by check, MoneyGram, phone or online, even
automatic withdrawal if you currently have a checking account or savings account.
3. What is your late payment policy?
No one ever intends to make a late payment on a car loan, but sometimes it happens. It's critical to
understand our late payment policy. Will they repossess the car the day after you fail to make a payment or
is there a grace period? Will they contact you or simply take the car back with no questions asked? More
than likely, this will never be an issue, but it's good to know what to expect if an emergency temporarily
delays your payment. You might also ask if the dealership regularly reports both positive and negative
payment information to the credit reporting agencies. If you have a good payment record and the dealer
reports this information, this can help you start or rebuild a credit history if that is important to you.
4. Where are you located?
If you're already at the dealership then this question is an easy one to answer, but when selecting from a list
of BHPH establishments, location is important. Pick one close to where you live or work so that it's
convenient to come in to make your payment. What's more, BHPH dealers prefer to work with customers
who live close to the dealership so that it's simple to geographically maintain the financial agreement. Thus,
finding a dealership nearby may make it even easier to get the car loan you need. We have three (3)
convenient locations in Hendersonville and Asheville.
5. What value do you place on providing quality vehicles?
Bad credit shouldn't prevent you from getting a good vehicle. In fact, many BHPH dealers are extremely
focused on offering reliable vehicles. They understand that to ensure your faithfulness to the payment plan,
they need to offer you a dependable vehicle. Ask dealerships about the inspection standards or
reconditioning processes they use to prepare vehicles for purchase. See if they offer maintenance and
repairs onsite, or if they have a partner provider that does. A reliable vehicle serves the interests of both
parties, and a dealer should be happy to provide you with this information. 1st Choice offers every vehicle
with 30 day, 1,000 mile limited warranty and many with a 2 year, 100,000 mile limited warranty. |