do "we finance" auto sales do credit checks??

Answer 1

Almost any place you go, they do credit checks. They may say they don't, but how else are you suppose to know if they are or they aren't. They are the ones looking at the computer, not you! The only way you will be able to know for sure is to test them. Go to a "we finance" auto sales, talk to a finance officer. Go online and check your credit report. There you will be able to see who has ran your credit....if they do run your credit go back and ***** them out. They will be busted! Plus, almost guaranteed if you go to buy a car they will check your credit. Take this from someone who works in the car business!

Answer 2

Some do, though many don't. They tend to go for the low end of the market. The way that most deals are structured by the "Buy Here, Pay Here" dealers is that the down payment covers most of the dealer's investment in the car. If they get more than a couple of payments out of you, they're in the black and the balance is pure profit.

Many of them now protect their investment with an automatic immobilizer that will prevent the car from starting if the payment is more than a few days late. When you make a paymemt, the dealer plugs a computer into the immobilizer and updates it to allow you to continue driving until the next payment is due.

If you stop making payments they do a quick repo, and then clean it up and sell it to the next sucker that comes along.

Not only do most not do a credit check, those who don't won't update a good payment history so you get no benefit from having a good payment record with them. As soon as you make the final payment, they'll turn the heat up high trying to sell you another one and may even "forget" to remove the immobilizer unit.

Answer 3

Generally speaking yes they will do credit checks. They may be more likely to finance people with little credit history or poor credit. However, beware that the interest rates they charge are likely to be significantly higher than what you could get through a bank or manufacturer's finance program (i.e. GMAC, Ford Motor Credit, etc.). If you are talking about a pre-owned vehicle the chances of such are increased. Also watch for additional "fees" such as loan processing, filing fees, etc. since they are legally binding if included in the loan you sign and can add up to hundreds of dollars.

If you are concerned about obtaining financing you would be better off either getting a family member or close friend to co-sign the loan or wait a while until you can make a larger down payment and improve/build your credit. Remember that if you default on a loan that has a co-signer they have to pay the remaining payments on the loan or their credit is adversely affected too.

Answer 4

Most do and the interest rates you pay reflect your score.

The ones that don't will mark their cars up to cover the cost of repos.

The dealership I buy at does both of these and they've been in business for 40 years. Just make sure you are dealing with an honest business. Used car dealers don't get a bad rep for nothing.

Answer 5

I beleive they do, if you call and ask they should tell you.