Buy-Here-Pay-Here vs. Financing

  1. Buy-Here-Pay-Here vs. Financing
Traditional Financing vs. Buy-Here-Pay-Here

Buy-here-pay-here stores may sound like a great option, but when you break it down, working with traditional financing is a far better option.

Find out how financing vs buy-here-pay-here compares, and which one is better for your driving and financing needs.

Traditional Financing vs. Buy-Here-Pay-Here

Credit score paperwork

Effects on Your Credit Score

Our lenders report to the credit bureau, meaning every faithful and timely payment that you make is reflected on your credit score. Month-by-month, as you make your auto loan payments, the overall health of your credit score will rise.

With buy-here-pay-here stores, you may be paying just as responsibly, but because the repayment is not reported in a formal fashion, it won't be reflected in your credit score. So although a car loan is one of the best ways to improve your credit, it will go unnoticed when working with buy-here-pay-here stores.

Used car lot vehicles

Vehicle Choices

Often buy-here-pay-here stores sell only used cars, so you won't have the options of high-quality new cars or certified pre-owned vehicles. Thanks to our large selection of vehicles, you'll be able to choose a car or truck that fits your needs. At most buy-here-pay-here stores, you'll be severely limited in your option.

View Inventory
Shaking and handing keys

Who Can Get You Approved?

One of the messages you might hear from buy-here-pay-here stores is that they can get you approved when no one else can, but we're here to tell you that it's simply not true. We work with people who have credit issues every day, and we'll be able to offer a loan that fits your budget and your driving needs.

For these reasons and more, you should choose McGrath Auto and take advantage of our dedicated credit department. We'll help you get an affordable loan on a high-quality car, all while helping you improve your credit score.

The McGrath Finance Team

McGrath finance team

Call McGrath Credit at (319) 383-7863 and we'll help you learn more about your financing options.

Ready to get started? Fill out a Pre-Approval Form to get the auto loan you deserve, even if you have bad credit.

McGrath Credit logo

Contact Us:

Phone: (319) 383-7863