Did you know that credit challenged borrowers now make up 46% of the auto finance market? Most car dealers are having to turn these customers away. These customers generally have no way of getting a car unless they go to a Buy Here Pay Here (BHPH) lot. The problem is the interest rates are as high as 30%, there is a large down payment, they generally are not getting a reliable car and payments are due weekly. If a payment is missed, there is a risk of getting the car repossessed.
People do not plan to run into financial hardships but sometimes it happens due to divorce, loss of a job, or health issues. Fortunately, one of the world’s largest independent used car dealers in the 1970′s and 1980′s formed an auto finance company which enables dealers to sell cars to consumers on credit regardless of their credit history.
T & G Auto Sales was the first dealer to offer this kind of auto financing in the Shoals Area. They give you a second chance. With proof of residency, income, drivers license and a few other items, you can be approved in 60 seconds and drive away with a reliable car.
Everyone needs good credit to survive in today’s world. Making on-time payments is critical to establishing or improving your credit score. Each month a payment is made it will be reported to the 3 major credit bureaus. BHPH lots does not do this. This helps make sure the borrower is moving in the right direction to meet their goal of improved credit.
T & G Auto Sales has been serving North Alabama for 24 + years and we now have 3 locations: Muscle Shoals,Florence, and Decatur. They offer over 100 used vehicles to choose from; Cars, SUVs and Trucks. Good credit, bad credit or no credit – they have a quality used car for you.