Buy Here Pay Here St. Louis
If you’re shopping for a used car in the St. Louis, Missouri area and are suffering from bad credit (or have no credit at all), a buy here, pay here dealership like CarHop might be exactly what you’re looking for. CarHop offers several convenient St. Louis-area locations, including St. Louis (St. John), St. Louis (Florissant), St. Louis South (Gravois) and Swansea, Illinois.
Here’s how buy here, pay here works. If you have poor credit or no credit at all, you may not be able to get a car loan from a bank or credit union in St. Louis. If you don’t have the cash to buy a vehicle, you’ll need some form of financing. This is where CarHop comes in. We let you buy directly from our dealership. This means you pay CarHop rather than a bank or other financing service – it basically takes the place of a traditional car loan! As a result, you can usually get financed right away (often the same day) by purchasing your vehicle from CarHop rather than waiting for the bank’s loan approval process. If this is what you’re looking for, you can apply for financing online today!
Sometimes, instead of “buy here, pay here,” you’ll hear “on the spot financing” or “tote the note.” All these expressions mean is that, by purchasing your used car, truck or van through CarHop, you essentially get financed through CarHop rather than through a bank. Unlike other used car dealerships in St. Louis, we don't hand off your credit application to a bank – we work with an exclusive lender to get your approved without a traditional car loan from a bank. So if you live in or around St. Louis and suffer from bad credit or no credit, this approach might be your best option.
Another benefit of purchasing through CarHop is that CarHop reports your consistent, on-time payments to credit bureaus, which helps to improve your credit score. As long as you stay on time and don't miss your payments, you have an opportunity to improve your poor credit with every payment you make. By improving your bad credit through CarHop, you’ll have new opportunities to purchase brand new cars, buy a home, or accomplish many other things you can’t do if you suffer from bad credit.
When purchasing your new vehicle, you’ll also want to watch for any type of warranty offered. Most dealerships sell cars "as is," but CarHop in St. Louis offers a limited warranty with our vehicles. So if you purchase your car through CarHop, you not only get a reliable vehicle, but you also get a reasonable warranty with your purchase to ensure your satisfaction.
So all in all, if you live in St. Louis, have poor or no credit, and are shopping for a used vehicle, keep your eyes peeled for the CarHop sign – or you can visit CarHop.com to apply for financing online! With our buy here, pay here approach, our regular credit reporting to help you improve your credit score, and our limited warranty, CarHop provides a valuable service to our St. Louis-area customers who can’t get car loans from banks or other dealers.
Our mission is Helping People Drive®, and we look forward to helping all of our customers in St. Louis, Missouri get behind the wheel of the new car, truck or van they need. If you need to get on the road today, don’t wait – apply for financing online now!
Tips, stories & wisdom from the CarHop Guy!