With the sports teams, great restaurants, beautiful skyline, and parks, Charlotteans aren’t short on entertainment. The Queen City is full of opportunities and scenery. But Charlotte, North Carolina isn’t exactly a walking city, and many residents rely on a car to get around – especially if the LYNX blue line doesn’t get them where they need to be.

Buy Here Pay Here with No Credit Checks

Buying a Car in Charlotte, NCYou may have seen a bunch of dealerships along Queens Road, East Independence Boulevard, or North Tyron Street, but which one do you go to if you struggle with credit or finances? One option to consider is one of the many buy here pay here (BHPH) used vehicle lots located in and around Charlotte.

What makes BHPH used car lots different are their qualifications for auto financing. BHPH dealers finance their vehicles in-house, which means you can sign and drive all in one place. Since these dealerships are also the lenders, they don’t rely on banks, credit unions, or finance companies to complete the car buying process. It takes a lot less time to finance a vehicle with one of these dealers, and, to top things off, they typically don’t run credit checks.

Instead of looking into your credit score and history, BHPH dealerships look at other factors to determine if you qualify for an auto loan. These include proof of residency, income, and a down payment. Keep in mind that with an in-house dealer, the vehicles on these lots are typically older and come with high mileage. This doesn’t mean they’re unreliable or bad, but you do need to be extra careful when reviewing your car buying checklist, which should include a thorough inspection by a trusted mechanic.

Also, be aware that you may need to make each payment – whether weekly, bi-weekly, or monthly – in person, and that the down payment requirement is likely going to be large. Make sure you crunch all the numbers and decide how much you can afford to spend on a car before heading to one of these dealerships.

What about 0 Money Down Cars in Charlotte?

You may have seen advertisements stating that you can get a vehicle for zero money down around Charlotte, but that’s typically only if you have excellent credit. Many large dealers hide this fact in the fine print, and it’s easy to get fooled into thinking you might qualify for a no money down car deal. On the other hand, if you don’t think you qualify for a zero down deal, there’s a way that you could satisfy the down payment requirement without putting money down.

In this case, if you have a trade-in with enough equity to cover all, or most, of the down payment requirement, it could feel like a no money down deal. Just make sure there’s equity in your vehicle – it isn’t going to work if you’re upside down. Although some lenders are willing to let you roll over negative equity, it’s best to avoid doing it; otherwise, you end up paying on two loans.

Looking for a Dealership in the QC?

Don’t get stuck wasting gas money and time by driving across Charlotte looking for a dealership. At Drivers Lane, we take the hard part of searching out. We have a number of dealers close to home that have the lenders available to help people who struggle with credit. Simply fill out our easy auto loan request form, and let us match you with a dealership in Charlotte, NC.