Pennsylvania car dealer opens its doors to help customers with bad credit history to help them buy cars without high interest rates usually seen at Buy Here Pay Here dealerships
December 6, 2006 (Press Release) --
1-800-DIAL-A-CAR has officially opened its doors to customers wanting to buy a car in the Philadelphia, PA area. Based on a unique Rent To Own program for car shoppers, 1-800-DIAL-A-CAR has been developed as a licensed independent dealership to help car buyers who have bad credit, or even no credit to purchase a car.
“The principle is simple,” says James Armstrong, President of 1-800-DIAL-A-CAR. “We understand a high percentage of car buyers that fall into the sub-prime category for financing aren't there because they've done bad things. The typical customer can't get a conventional auto loan from a bank because they usually have had a major event ruin their credit”. Armstrong says the top two reasons for having bad credit in his area are a result of either divorce or a major unplanned medical event.
Some car dealers in Philadelphia, PA and across the Nation prey on people with poor credit scores and steer them into high interest loans such as Buy Here Pay Here. Typically a BHPH customer is again overextended because such a large portion of the car payments go to the high interest, and eventually many vehicles are repossessed. The dealership's Rent to Own program is designed to help bad credit customers rebuild their credit instead of making it worse. Instead of paying the typical interest rates which are usually more than 20%, a Rent to Own customer makes payments and the dealer applies 100% of those payments toward the purchase price.
Armstrong feels that most customers who traditionally do Buy Here Pay Here auto financing are good people that have been put in bad financial situations. “My business is built on principles of understanding. I understand that a financial crisis can happen to anyone, and that if it does, people need help with things like buying a car, where the wrong guidance can make a bad situation even worse.”
The dealership sells a wide range of vehicles to people with all credit histories. Their main car lot is just outside Philadelphia, PA but they service customers Nationwide. Typical cars you may find on the lot include inexpensive domestic cars and trucks like Chevrolet, Ford, and Dodge, and the occasional imports like Honda and Toyota. Armstrong also understands that rebuilding credit is an ongoing process, so he is always willing to help well beyond the sale. To help customers save money long-term and become more financially responsible he sells many vehicles that have high mpg ratings.
Additional information can be found on the 1-800-DIAL-A-CAR website at http://www.1800DIALACAR.com or by calling 1-800-DIAL-A-CAR.
“The principle is simple,” says James Armstrong, President of 1-800-DIAL-A-CAR. “We understand a high percentage of car buyers that fall into the sub-prime category for financing aren't there because they've done bad things. The typical customer can't get a conventional auto loan from a bank because they usually have had a major event ruin their credit”. Armstrong says the top two reasons for having bad credit in his area are a result of either divorce or a major unplanned medical event.
Some car dealers in Philadelphia, PA and across the Nation prey on people with poor credit scores and steer them into high interest loans such as Buy Here Pay Here. Typically a BHPH customer is again overextended because such a large portion of the car payments go to the high interest, and eventually many vehicles are repossessed. The dealership's Rent to Own program is designed to help bad credit customers rebuild their credit instead of making it worse. Instead of paying the typical interest rates which are usually more than 20%, a Rent to Own customer makes payments and the dealer applies 100% of those payments toward the purchase price.
Armstrong feels that most customers who traditionally do Buy Here Pay Here auto financing are good people that have been put in bad financial situations. “My business is built on principles of understanding. I understand that a financial crisis can happen to anyone, and that if it does, people need help with things like buying a car, where the wrong guidance can make a bad situation even worse.”
The dealership sells a wide range of vehicles to people with all credit histories. Their main car lot is just outside Philadelphia, PA but they service customers Nationwide. Typical cars you may find on the lot include inexpensive domestic cars and trucks like Chevrolet, Ford, and Dodge, and the occasional imports like Honda and Toyota. Armstrong also understands that rebuilding credit is an ongoing process, so he is always willing to help well beyond the sale. To help customers save money long-term and become more financially responsible he sells many vehicles that have high mpg ratings.
Additional information can be found on the 1-800-DIAL-A-CAR website at http://www.1800DIALACAR.com or by calling 1-800-DIAL-A-CAR.
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