Conventional Dealership Financing vs. Buy Here - Pay Here
 Understanding Your Car Financing Choices: Conventional Financing vs. Buy Here Pay Here
So, you're in the market for a car, and you're faced with a decision: conventional dealership financing or a buy here pay here (BHPH) car purchase. While BHPH may seem appealing at first glance, let's take a closer look at why conventional financing is the better option. Understanding the benefits of each will help you make an informed decision.
Effects on Your Credit Score
At Upper Valley Auto Mart, our lenders report to major credit bureaus. This means that your timely payments on your auto loan will positively impact your credit score. Each month, as you make payments, your credit score will improve, helping you build a strong credit history.
On the other hand, buy here pay here dealerships often do not report payments to traditional credit bureaus. Even if you make timely payments, they may not be reflected in your credit score. This means you miss out on one of the best opportunities to boost your credit.
You deserve recognition for your responsible financial behavior. With a conventional auto loan from Upper Valley Auto Mart, you'll get credit for your payments, setting you on the path to a brighter financial future.
Wider Vehicle Selection
Working with banks and credit unions allows us to offer a wider range of vehicles compared to buy here pay here dealerships. While BHPH dealerships typically have a limited selection of older, high-mileage cars within a specific price range, we provide a diverse inventory of cars, trucks, and SUVs to suit your needs.
With more options to choose from, you'll have the flexibility to find a vehicle that meets your requirements and preferences. Don't limit yourself to a narrow selection-explore the variety of vehicles available at Upper Valley Auto Mart.
Getting Approved
Contrary to popular belief, BHPH dealerships don't always guarantee approval when conventional lenders deny it. While they may have more lenient approval criteria, they still have underwriting guidelines to follow.
At Upper Valley Auto Mart, our experienced team specializes in helping customers with credit challenges. We've assisted hundreds of customers in purchasing vehicles that suit their needs and budget. Let us guide you through the financing process and help you secure a nicer, newer used car while rebuilding your credit.
Ready to get started? Give us a call or send us a message today. If you're eager to get pre-approved, fill out a credit application, and we'll begin the process immediately. Let Upper Valley Auto Mart be your partner in achieving your automotive and financial goals.
