Where a bank or credit union wins
If your credit is solid, a credit union will almost always beat a Buy Here Pay Here finance charge. You also get a wider selection because you can shop any dealership. If that is your situation, use it.
Where Buy Here Pay Here wins
- Approval when a bank has already declined you
- Same-day decisions instead of multi-day underwriting
- Payment schedules that match your paydays
- One place to buy, finance, and make payments
- A real person locally who knows your account if something goes wrong
The honest trade-off
The finance charge is higher, and the vehicles are older and less expensive than what a bank loan would buy. In exchange, you get transportation now and a payment history you can build on. We would rather you understand that up front than find out at signing.
A reasonable order of operations
Check with your credit union first. If they approve you at a rate you like, take it. If they decline, or the payment they offer does not work, come see us — we will build the deal around your budget instead of around a score.
Your next step
See how in-house financing at Denison Motors works, browse vehicles currently available, or get an answer today with our online credit application.