Buy Here Pay Here Motorcycles

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TODAY: Hard times send more car buyers to the tough world of Buy Here Pay Here. TUESDAY: Big profits, big-time investors. Big risks? WEDNESDAY: Aid, alternatives are scant for the poor who need cars. LOS ANGELES — Tiffany Lee wanted a car. She was weary Robert Siegel speaks with Ken Bensinger, business reporter for the Los Angeles Times, for an update about a growing type of lucrative used-car dealerships known as "buy here, pay here" businesses. He explains how these lots now have gone into the leasing That's music to the ears of consumers with a low credit score, who are flocking to buy-here, pay-here auto dealerships to buy a car to drive to work and rebuild their ruined credit score. But industry officials say about one in three vehicles sold this way More attention needs to be paid to the LA Times’ excellent series on subprime auto loans. The first installment concerned Buy Here Pay Here used car dealerships, and how they hook low-income borrowers into high-interest loans, then repossess the car when Typically called "buy here pay here" dealerships, they sell vehicles with a down payment and a loan agreement no matter the customer's credit history. Supporters of this type of lending contend that the businesses provide a service to a group of people who Lately they and other investors are finding just such a windfall in a little-noticed niche of the used-car business known as Buy Here Pay Here. These dealerships focus on people who need cars to get to work, but can't qualify for conventional loans. .

Bensinger published, Wheels of Fortune, an investigation about these Buy Here, Pay Here auto dealers last fall. The three-story series eventually earned Bensinger his second Gerald Loeb Award, one of business reporting’s top honors. Bensinger's interest attended a Las Vegas conference to learn how to make money - potentially lots of it - in the sub-prime market's buy-here, pay-here financing. Touted as sub-prime's could-be jackpot, buy-here, pay-here is where dealers, rather than third-party lenders The website approvedToDrive.us has announced their final release of the quick and easy online application for pre-approval at local Buy Here Pay Here Car Lots. The website ApprovedToDrive.us has released their online applications for pre-approvals The website ApprovedToDrive.us has released their online applications for pre-approvals at local Buy Here Pay Here Car Lots. It is an easy and quick application that is available to everyone. While many customers are struggling through the slow economy .

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