Miami Buy Here Pay Here Car Dealers
Thank you for choosing to browse Mike's Motors, a family owned used car dealership, and we hope to make your car buying as simple as possible. We already offer a wide selection of used cars in Miami for under 10000 and even 5000 for those with good taste and an act for saving. But on top, we understand how stressful it is to get financed and that's why buy here pay here is one of our go to options in obviating that unwanted feeling of not being able to purchase a used car right away. It's easy to see and believe that if you work you drive, and it becomes solely up to you to decide and not your credit history.
miami buy here pay here car dealers
Our inventory contains a vast number of used cars, SUVs, trucks among your other typical passenger vehicles right here in Miami Florida. We also sell used cars and trucks in Hialeah Florida, so our large lot extends it services to Hialeah, Sunrise, Fort Lauderdale, and any other cites who want to make the trip for a worthwhile cars shopping experience. You'll be sure to find makes such as BMW, Chevy, Ford, Nissan, Chrysler, Hyuandai, Kia, Toyotota, Jeep, Honda, Cadillac and many others. All car are very well preinspected and warranty service contracts are available.
Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.
Cars on buy-here, pay-here lots tend to be older, low-value vehicles. The average cost for a car on a buy-here, pay-here lot in 2018 was $7,004, and the average down payment was $950, according to a 2019 industry report from the National Independent Automobile Dealers Association.
Buy-here, pay-here dealers may also hit you with other fees. These high costs can result in financial trouble: More than one in three borrowers defaulted on buy-here, pay-here loans in 2019, according to a 2019 report by the National Independent Automobile Dealers Association and the National Alliance of Buy Here, Pay Here Dealers.
Dealers want to be sure they can easily repossess the car if you stop making your payments. About 45% of buy-here, pay-here dealers install devices that track the car or can prevent it from starting, helping the dealer recover the vehicle if you default on the loan. Giving up a measure of your privacy may be a nonstarter for you.
Before you head to a buy-here, pay-here lot, check your credit and consider applying for preapproval from a few lenders who consider people with bad credit. This could help you compare interest rates and loan terms across lenders and find the best deal for you on a car loan.
Click here to get directions to our luxury car dealerships in the Miami area. Our auto dealerships in South Florida are proud to serve the cities of Aventura, Miami, Key West, Fort Lauderdale, Hollywood, and more.
There are many ways to pay for a vehicle. Some people pay for the car in full with cash. Others prefer a loan from a dealership, bank, or credit union. If you are considering a loan and have less-than-stellar credit, however, your options may be more limited.
If you see car lots advertising cars for people with bad credit and no credit, they're likely buy-here, pay-here car lots. While they may be attractive at first glance, these types of loans should be approached with extreme care.
According to the CFPB, you may end up paying thousands of dollars more than the value of the vehicle in financing charges. Overall, if you are able to do so, avoiding buy-here, pay-here dealerships and car loans is the better choice.
Our friendly and knowledgeable sales staff is here to help you find the car you deserve, priced to fit your budget. Shop our virtual showroom of used cars, trucks and suv's online then stop by for a test drive.
2022 Hyundai Sonata - 8.5/10 - Hyundai has been selling the Sonata here in the U.S. for more than 30 years, and the current eighth generation is the best version yet. Redesigned for the 2020 model year, the Hyundai Sonata is among the better midsize sedans on the market. It's mechanically related to the Kia K5.
Tip: For the most part, we discourage anyone from co-signing a car loan for someone else. There is no upside. It can negatively affect your credit score. Moreover, even if you wind up making the payments and paying off the loan, the car is not yours. It remains the property of the borrower.
I just moved to FL from NY. I want to register my car here since insurance is cheaper and the car will stay in FL most of the time but I prefer to keep my license from NY. I still have the NY address and will be going back and forth every month or so.
Can I buy a car from Carvana and have it registered and insured in Florida and hold a CT license. The car would stay in Florida so when I go back and forth I have a car there until I move there permanently. 041b061a72