In Tennessee, buy here pay here financing has become increasingly popular. When it comes to buy here pay here car dealers, also known as no credit check or in house financing car lots, the dealership won’t make use of 3rd party loan companies to approve loans. Basically, these establishments grant in house car loans to Tennessee consumers with bad credit ratings. To some people, getting their auto loan with no credit check seems wonderful.
Regrettably, there are a few major disadvantages. We would be remiss to not mention:
- Extortionate Apr
- Significant Down Payment Requirements
- High Mileage Used Cars and Trucks
Be sure you look into any TN buy here pay here dealership online. Make sure you talk to somebody who has bought a vehicle from them in the past. Find out whether or not they would recommend them.