Buy Here Pay Here Lots And Dealerships For Cars And Trucks In Connecticut

by


The term "buy here, pay here" in auto financing refers to an auto dealership that provides its own financing rather than having the customer apply through a bank or finance company. The company selling the car plays the part of auto dealer and lender at the same time. Because the auto dealership takes on additional risk in also financing its cars, the interest rate charged on car loans is usually higher than a customer would pay through a bank. This arrangement also makes it easier for the auto dealership to repossess the car if the customer fails to make payments.


This model of car financing may be ideal for consumers whose poor credit makes it difficult for them to get a bank loan or a more traditional form of auto financing. Since the auto dealership itself also acts as a bank, it can set its own rules and regulations regarding the credit scores it finds acceptable. A car lot offering this type of financing has the ability to be more lenient since it can take immediate action to repossess vehicles and recoup its investment.

Drivers who live in Connecticut have several options for finding a car lot that offers buy here, pay here financing. One such resource is our website Consumer Bad Credit Guide. On this site, people looking for a new car and a place to finance it at the same time can locate a nearby car dealership. Some of the Connecticut BHPH lots have the option that lets drivers fill out an application online to make sure they will be approved before going to the car lot to purchase a vehicle. By visiting their websites, a future car buyer will be taken to a screen with a short application form. In most cases, the application is much shorter than that of a bank or even a credit card. The driver only needs to indicate basic contact information such as name, address, telephone number and email. He or she will also need to provide place of employment, length of employment and approximate monthly income. The application will then be forwarded to their finance department who will contact the customer with more information.


Below is a listing of buy here pay here programs at car lots and dealerships in Connecticut, that we were told, are currently accepting applications from individuals for a car or truck. Note: This list is to be used as a reference only and we cannot guarantee that you will be approved for a car or truck. Please help us keep this list up to date and comprehensive by emailing us at [email protected] with buy here pay here lots and dealerships in your area. Please include the state and city where they are located.

Frank's Auto Credit
285 Broad Street
Manchester, Connecticut 06040
Phone: (860) 649-3000

Fleet Motor Company LLC
972 Route 12, Across from Sub Base
Groton, CT 06340
(860) 445-2111

Dragone-Bridgeport
2125 Fairfield Avenue
Bridgeport, CT 06605
Sales: (888) 385-2048

Drive Auto Group
6 Hartford Turnpike
Vernon, CT 06066
(860) 647-7444

713 John Fitch Boulevard
South Windsor, CT
(860) 436-2130

1631 Berlin Turnpike
Berlin, CT 06037
(860) 828-0364

Hartford Motor Car
43 Hillside Avenue Hartford CT 06106
(860) 899-1962

Bob's Auto, Inc.
277 Candlewood Rd
Groton, CT 06340
(860) 446-1320

Canton Auto Exchange Inc.
244 Albany Turnpike Rte 44
Canton, CT 06019
(860) 693-1733

Shantok Motors
2246 Route 32
Uncasville CT 06382
(860) 848-7731

345 Goldstar Highway
Groton, CT 06340
(860) 449-8000

Further information and additional lists in many U.S. States on buy here pay here lots and dealership programs can reviewed at Buy Here Pay Here Lots.

The above information was last reviewed in November 2011.