Please give my readers a history of Econo Auto Sales. How long has your car dealership been in business?
Best Auto Sales LLC has been in business since September 12, 2010. We finance every single deal in house and are a true BHPH operation. If people need financing on a car they can come to us and we will find a way to approve the deal. Being that we are the bank it is completely up to us to finance a car. That being said we will approve a car deal that other people and business just can’t and want do.
Does your dealership primarily sell domestic or foreign used cars. Or would you say it’s a mix of both?
We sell a mixture of both types of cars at our dealership. There are certain cars that we will not sell because they are not reliable or they just are not good cars but we definitely sell both classifications of cars.
If a person has bad credit how do you suggest they improve there credit? What advice would you want to give that person?
If a person has bad credit the first thing they should do is find out exactly what items are on there credit that need to be paid or taken care off. They should handle those items first. Once the current bad credit issues on your report are fixed then I would recommend trying to get a retail credit card at a store you know you are going to use often. When you go and buy your items at the store of your choice find out when your payment is due for the credit card and make sure you make the payment on time and do that every month and your credit will improve like that quicker than you think.
If a person has just declared bankruptcy and they want to buy a vehicle, what do you suggest they do?
Almost all dealerships will not sell a car to a person in a bankruptcy because it is not legal for there name to be on the paperwork. If you establish a good relationship with a BHPH dealer then it can be done. The car can be put in a family members name that is a very reliable person and the person in bankruptcy can actually pay for the car and drive the car. The name of the bankruptcy person can not sign any documents or have the car put in there name. Although I do not recommend this, there is a way to make this happen.
Should a consumer run their own credit report before they purchase a used car?
Yes. There are free credit reports all over and it would help the person to have an idea about there credit before they go in a dealership. It is not absolutely necessary to check your score before you buy a car but if you can get your score then it will help you know what your situation is before you go in to buy a car.
If your divorced and as a result of that divorce have bad credit, what tips would you offer the consumer on how to obtain a loan?
This is really going to depend on the car dealership you are dealing with. Places like us can and will approve people in a situation like this because we understand that this stuff happens. If you can’t get a car on your own then have someone cosign with you on the car loan and that will help your chances. If you look at the good dealerships then this will not be a problem. We have these customers all the time and treat them as good as a person who has never been through this hard time.
What questions should the consumer ask the BHPH dealer when they walk into the car dealership?
Ask them what there interest rate is and what type of warranty do they have on there cars. Make sure they are not talking about a warranty that you have to pay for additionally. The warranty should come with the car you are buying. So interest rates and warranty.
What are some common buy here pay here misconceptions the public should be aware of?
Some people think that all BHPH dealerships are trying to get over on people and take advantage of them, and sell all there cars as is with no warranty. That is very far from the truth. Every car that we sell is fully inspected and comes with a 3000 mile warranty. Even after that we will help our customer fix the problem through a number of different ways. ( install for free, pay half, add repair to the back end of there loan,etc. ). We also treat people very fare and give them a price and interest rate that is lower than the completion. We treat people great and will continue to do so.
This is our twenty-third interview in our “1000 Interview Challenge” If your interested in an interview, please contact me.
This interview was conducted by Shane McC. Shane currently is attending RISD studying computer programming. He enjoys traveling and plays hockey. He played for the Boston Junior Bruins of the EJHL during the 01-02 season. You can follow him on Google+