Oftentimes, the amount that an individual is asked to put down for the down payment on a car they select to purchase from a buy here pay here car dealership equals what the dealer is actually paying for the car.
In this scenario, the individual is paying the dealer for the car and the payments and interest charges that the individual has to pay for a couple years amount to nothing more than pure profit for the dealer.
However, there are other options that are available to individuals with bad credit through lending networks, which can help them to get a car loan, regardless of their past credit history.
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Reference: Warning About Buy Here, Pay Here Car Lots by Jason Lanier
