Personal Finance

December 2021

Dangers of “Buy Here, Pay Here” Car Lots


When you want to buy a new car, “buy here, pay here” car lots can be enticing. On the surface, it looks like they are offering good prices for quality vehicles. When something seems to be too good to be true, though, there’s most likely a catch. You might get yourself into an auto loan that you’ll regret, or the consequences could even be much worse. Here are some of the dangers of “buy here, pay here” car lots and why you should be wary of these business models.

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