Have you recently financed your vehicle through a Buy Here Pay Here (BHPH) dealership like Finn's Discount City? While BHPH dealerships offer flexible financing options for individuals with challenging credit histories, it's crucial to understand the significance of making your payments on time. In this blog, we'll explore what happens when you don't make your payments on time at a BHPH dealership, emphasizing the importance of responsible financial management.

**1. Late Payment Consequences: At a BHPH dealership, making timely payments is essential for several reasons. When you miss or make late payments, you may face consequences that can negatively impact your financial well-being. Late payment consequences may include:

• Late Fees: Missing a payment deadline often incurs late fees, adding to the overall cost of your loan. These fees can accumulate over time and strain your budget further.

• Negative Credit Reporting: BHPH dealerships may report late payments to credit bureaus, affecting your credit score. Lower credit scores can make it challenging to secure future loans or obtain credit at favorable terms.

• Vehicle Repossession: Continued failure to make payments may lead to the risk of vehicle repossession. BHPH dealerships rely on consistent payments to maintain the financial health of their business and may initiate repossession proceedings if payments become severely delinquent.

**2. Communication is Key: The key to managing your loan responsibly is open and transparent communication with the BHPH dealership. If you encounter financial difficulties that affect your ability to make payments on time, it's essential to communicate with the dealership promptly. Many BHPH dealerships, including Finn's Discount City, understand that life can be unpredictable, and financial setbacks can happen. We tend to only help out customers that have had consistent on time payments for around a mininum 6 month time period. We will work with you to find a solution, such as adjusting payment schedules or discussing alternative options.

**3. Avoiding Default Situations: Defaulting on your loan occurs when you consistently fail to meet your payment obligations, leading to serious consequences. Default situations can lead to vehicle repossession and severely damage your credit score. It's crucial to be proactive in managing your finances and prioritize timely payments to avoid default situations altogether.

Are you facing credit challenges and looking for a way to rebuild your credit while acquiring a reliable vehicle? Buy Here Pay Here (BHPH) dealerships like Finn's Discount City might be the solution you need. BHPH dealerships offer unique opportunities and practices that can positively impact your credit score and set you on the path to credit repair. In this blog, we'll explore how BHPH dealerships contribute to credit repair and why they can be a valuable ally in your financial journey.

**1. Credit Flexibility: One of the most significant advantages of BHPH dealerships is their credit flexibility. Unlike traditional lenders, BHPH dealerships are more willing to work with customers who have had credit challenges in the past or possess a limited credit history. Instead of solely relying on your credit score, BHPH dealerships, such as Finn's Discount City, use your job and down payment as your credit. This means that your credit history may not be the primary factor in determining loan approval.

**2. Rebuilding Payment History: Consistently making on-time payments is a critical aspect of credit repair, and BHPH dealerships offer you the opportunity to do just that. When you finance a vehicle through a BHPH dealership and make timely payments on your loan, you demonstrate financial responsibility and improve your creditworthiness over time. Many BHPH dealerships also report payment information to credit bureaus, which can have a positive impact on your credit score, especially if you had a history of missed or late payments in the past.

**3. No Third-Party Lenders: BHPH dealerships act as both the dealership and the financing company, which means there are no third-party lenders involved in the process. This unique setup simplifies the loan process and reduces the risk of multiple credit inquiries, which can negatively affect your credit score. Working directly with the dealership allows for a more straightforward and streamlined financing option.

**4. Opportunity for Credit Building: Successfully paying off your BHPH loan presents an opportunity for credit building. As you make regular, on-time payments and fulfill your loan obligations, you showcase your ability to manage credit responsibly. This positive payment history can significantly impact your credit score, helping you move closer to better financing options in the future.

**5. Personalized Financial Solutions: BHPH dealerships understand that each customer's credit situation is unique. They are more likely to offer personalized financial solutions tailored to your specific needs and budget. This level of personalization empowers you to take control of your finances and make significant strides in credit repair.

**6. Shorter Loan Terms: Another advantage of BHPH dealerships is that they often offer shorter loan terms compared to traditional lenders. Shorter loan terms mean you can pay off the loan faster, and the positive impact of timely payments on your credit score can be realized more quickly.

Buy Here Pay Here dealerships, like Finn's Discount City, offer valuable benefits for credit repair, including credit flexibility, rebuilding payment history, avoiding third-party lenders, credit-building opportunities, personalized financial solutions, and shorter loan terms. If you're seeking a reliable vehicle while actively working to improve your credit, a BHPH dealership might be the ideal choice for you. As you embark on this journey, remember that making timely payments and maintaining open communication with the dealership are key elements in achieving credit repair success. At Finn's Discount City, we are dedicated to helping you secure a reliable vehicle and paving the way for a brighter financial future. Drive with confidence and set your sights on credit repair with the support of a reputable BHPH dealership by your side.

At Finn's Discount City, we understand that securing your ride and protecting your investment is of utmost importance. That's why we offer Collateral Protection Insurance (CPI) to all our valued Buy Here Pay Here (BHPH) customers. With our competitive prices and single interest coverage, you can drive with confidence, knowing that you and your vehicle are well-protected.

What is Collateral Protection Insurance (CPI)?

Collateral Protection Insurance (CPI) is an insurance option that provides additional coverage to protect both you and your lender in the event of an unforeseen incident. It serves as a safeguard against financial losses that may occur due to damage or loss of the vehicle.

Key Benefits of Collateral Protection Insurance from Finn's Discount City:

**1. Single Interest Coverage: Our Collateral Protection Insurance offers comprehensive coverage, protecting you against a wide range of risks such as accidents, theft, vandalism, and natural disasters. Rest assured that you're covered in various scenarios, providing peace of mind every time you hit the road.

**2. Competitive Prices: We understand that cost is a crucial factor when considering insurance options. At Finn's Discount City, we offer Collateral Protection Insurance at competitive prices, ensuring you get the coverage you need without breaking the bank. With our customer-centric approach, we strive to make insurance accessible and affordable for all our BHPH customers.

**3. Simplified Process: Securing insurance shouldn't be a complicated ordeal. Our dedicated team will guide you through the process of obtaining Collateral Protection Insurance, making it easy and hassle-free. We'll answer your questions, explain the coverage details, and assist you in selecting the best insurance option that suits your needs.

**4. Protecting Your Investment: Your vehicle is more than just a mode of transportation—it's an investment. With Collateral Protection Insurance from Finn's Discount City, you protect your investment, ensuring that you can continue driving without worrying about unforeseen expenses due to damages or theft.

**5. Peace of Mind on the Road: Life is unpredictable, and accidents can happen when least expected. With our Collateral Protection Insurance, you can drive with confidence, knowing that you have reliable coverage backing you up in case of emergencies.

How to Get Collateral Protection Insurance:

Getting Collateral Protection Insurance from Finn's Discount City is easy! When you choose to finance your vehicle with us, our friendly team will provide you with all the necessary information about our insurance options. We'll work with you to find the best coverage that aligns with your needs and budget.

In Conclusion:

At Finn's Discount City, we prioritize the safety and satisfaction of our customers. Our Collateral Protection Insurance offers peace of mind, competitive prices, and single interest coverage, ensuring that you and your vehicle are protected on every journey. Don't wait until it's too late—secure your ride with Collateral Protection Insurance from Finn's Discount City and enjoy worry-free driving! Visit our dealership today and discover the benefits of our top-notch insurance offerings. Your road to protection starts with us!

Are you in the market for a used vehicle but concerned about potential repair costs after purchase? At Finn's Discount Auto, we understand the importance of driving with peace of mind. That's why we proudly offer a Free Limited Drivetrain Warranty with every qualifying vehicle purchase. Let's take a closer look at this valuable warranty that provides you with added protection on the road.

What is the Free Limited Drivetrain Warranty?

Our Free Limited Drivetrain Warranty is designed to provide you with extra confidence in your used vehicle purchase. With this warranty, you'll enjoy coverage on critical components of your vehicle's drivetrain, ensuring that you have fewer worries about unexpected repairs.

Coverage Details:

• Duration: The Free Limited Drivetrain Warranty lasts for either 8,000 miles or 8 months, whichever comes first. This period begins from the date of your vehicle purchase, giving you ample time to drive and experience the quality of your newly acquired vehicle.

• Drivetrain Components: The warranty covers key components of your vehicle's drivetrain, including the engine, transmission, and drivetrain assembly. These are some of the most crucial parts of your vehicle, and our warranty ensures that you are protected in case of any unexpected issues.

Benefits of the Free Limited Drivetrain Warranty:

**1. Peace of Mind: Our Free Limited Drivetrain Warranty provides you with peace of mind while driving. It's natural to have concerns about potential repair costs, but with this warranty, you can rest assured that critical drivetrain components are covered, reducing your financial burden should any covered issue arise.

**2. Quality Assurance: At Finn's Discount Auto, we take pride in offering high-quality used vehicles. The Free Limited Drivetrain Warranty is a testament to our confidence in the reliability of our vehicles. It serves as an additional assurance that your purchase is backed by our commitment to providing dependable and well-maintained vehicles.

**3. Better Value: The Free Limited Drivetrain Warranty adds significant value to your vehicle purchase. You'll benefit from coverage on essential components without any additional cost, ensuring that you get the best value for your investment.

**4. Customer-Centric Approach: Our Free Limited Drivetrain Warranty is a reflection of our customer-centric approach. We genuinely care about our customers' satisfaction and want to ensure that your vehicle buying experience is positive, from start to finish.

How to Avail the Warranty:

Getting the benefits of the Free Limited Drivetrain Warranty is simple and straightforward. When you purchase a qualifying vehicle from Finn's Discount Auto, the warranty automatically comes with your purchase with a deducitble of 500. There's no need to worry about extra paperwork or hidden fees—it's all part of our commitment to providing an exceptional car buying experience. The deductible is only required if you have a problem with your drivetrain and do need to use the warranty.

In Conclusion:

At Finn's Discount Auto, we believe that every customer deserves the utmost confidence and satisfaction when purchasing a used vehicle. Our Free Limited Drivetrain Warranty is a testament to this commitment, offering you added protection, peace of mind, and excellent value. Drive with confidence knowing that Finn's Discount Auto has you covered with our Free Limited Drivetrain Warranty! Visit our dealership today and explore our inventory of high-quality used vehicles backed by this valuable warranty. Your road to worry-free driving starts here!

Cons of a Typical Dealership:

1. Rigid Credit Requirements: Unlike BHPH dealerships, typical dealerships often have strict credit requirements, making it challenging for individuals with no credit or bad credit to secure financing. This can lead to frustration and disappointment for customers who are turned away due to their credit history.

2. Lengthy Approval Process: Traditional dealerships usually involve a longer approval process, with loan applications sent to external lenders. Waiting for loan approval can be time-consuming and may delay your vehicle purchase.

3. Limited Payment Options: While typical dealerships might offer some payment options, they may not have the flexibility to accommodate unique financial situations. This can make it difficult for customers to find a suitable payment plan that fits their budget.

4. Less Personalized Service: As larger establishments, typical dealerships may not offer the same level of personalized service as a BHPH dealership like Finn's Discount Auto. Customers may feel like just another number, rather than receiving the individual attention and respect they deserve.

5. Higher Risk of Loan Denial: With stricter credit requirements, there is a higher risk of loan denial for customers with less-than-perfect credit. This can be disheartening for individuals who are seeking reliable transportation but are unable to secure financing through a traditional dealership.

6. Limited Inventory Options: Depending on the size of the typical dealership, their inventory might be limited to specific makes and models, potentially restricting your choices. This can be especially challenging if you have particular preferences or requirements for your vehicle.

7. Potential Higher Interest Rates: Some traditional dealerships may work with external lenders who offer higher interest rates for customers with less-than-ideal credit. This could result in paying more in interest over the life of the loan.

8. Less Community Connection: Larger dealerships may not have the same strong community connection and local presence as a BHPH dealership like Finn's Discount Auto. Supporting a local business can have positive effects on the community, which may not be the case with larger corporate dealerships.

In Conclusion:

While typical dealerships may have their advantages, such as a wide range of inventory and brand options, they also come with significant drawbacks, including rigid credit requirements, a lengthy approval process, limited payment options, and potentially higher interest rates. On the other hand, choosing a BHPH dealership like Finn's Discount Auto provides numerous benefits, including credit flexibility, streamlined financing, personalized service, a reliable inventory, and a positive community impact. Ultimately, the decision depends on your individual financial situation and preferences. However, if you seek a more accommodating and user-friendly car buying experience, Finn's Discount Auto might be the perfect fit for your needs.

As a customer, you might wonder about the benefits of choosing a Buy Here Pay Here (BHPH) dealership over a typical dealership. Let's explore the advantages of going with a BHPH dealership like Finn's Discount Auto, highlighting the key benefits using the relevant keywords:

 Credit Flexibility: At Finn's Discount Auto, we understand that life can throw unexpected financial challenges. With our BHPH dealership, you get the advantage of credit flexibility. We use your job and down payment as your credit, giving you a better chance of securing financing, even if you have no credit or bad credit. This opens up opportunities for those who might face difficulties in obtaining financing through traditional dealerships.

Convenience and Efficiency: Choosing a BHPH dealership like Finn's Discount Auto offers the convenience of a one-stop shopping process. With FEX PAY, our user-friendly payment solution, you can easily make loan payments directly at our dealership. No need to deal with external financing institutions or online portals. Managing your loan obligations becomes quick and efficient, ensuring a stress-free experience.

Streamlined Financing Process: At Finn's Discount Auto, we prioritize making the financing process as smooth as possible. You can apply for financing and get approved in seconds, eliminating the waiting time and uncertainties associated with traditional lenders. Our experienced team is dedicated to helping you find the right vehicle and exploring flexible payment options tailored to your financial situation.

Personalized Service and Respectful Experience: As a local, family-owned business with over two decades of experience, Finn's Discount Auto takes pride in offering personalized service. Our knowledgeable sales representatives are committed to providing you with respect and a professional buying experience. We'll take the time to understand your needs, ensuring you find the vehicle that meets your requirements and fits your budget.

 Reliable Inventory: Our inventory boasts a wide selection of high-quality used vehicles, including cars, trucks, and SUVs. Whether you need a family-friendly SUV or a fuel-efficient sedan, we've got you covered. With Finn's Discount Auto, you can be confident in finding a reliable vehicle that suits your lifestyle and preferences.

 Positive Customer Reviews: With over 900 current customers satisfied with their experience, Finn's Discount Auto has earned its reputation as El Paso's best place to buy used cars. Don't just take our word for it—check out our customer reviews on Google and Facebook. Our dedication to providing top-notch service and excellent vehicles shines through the feedback from our happy customers.

 Long-Standing Local Legacy: Finn's Discount Auto has been proudly serving the Southwest community for over two decades. Our deep roots in the local area have allowed us to build strong relationships with our customers. By choosing a BHPH dealership like ours, you're supporting a reputable local business that cares about the community's well-being.

In conclusion, Finn's Discount Auto offers numerous benefits over a typical dealership, such as credit flexibility, convenience, streamlined financing, personalized service, reliable inventory, positive customer reviews, and a long-standing local legacy. By opting for a BHPH dealership like ours, you can enjoy a hassle-free and respectful car buying experience that caters to your unique needs and financial situation.

Are you tired of dealing with complicated loan payment processes? Say hello to FEX PAY, the hassle-free and user-friendly payment service designed to make managing your loan payments a breeze. With FEX PAY, you can easily set up your account and choose from multiple convenient payment options. Let's explore how FEX PAY makes your loan payment experience a delight!

1. Simple Account Setup: Getting started with FEX PAY is as easy as 1-2-3! To set up your account, all you need are a few basic details:

• The last name on your loan to verify your identity.
• Your most recent loan payment receipt, which displays your loan number for quick identification.
• The last four digits of your social security number (for the primary borrower) to ensure the right account association.

2. Choose Your Preferred Payment Method: FEX PAY offers flexibility by supporting various payment methods, catering to your preferences and convenience:

• Bank Account Payments: Make payments directly from your active savings or checking account. Just provide your bank routing and account numbers, and you're good to go!
• ATM/Debit Card Payments: Prefer using your ATM/Debit card for payments? No worries! As long as your card has a Pulse, Star, or NYCE logo, you can easily make payments hassle-free.

3. Convenience at Your Fingertips: We understand that managing loan payments should be stress-free. With FEX PAY, you can make payments conveniently from the comfort of your home or on-the-go. No more worrying about mailing checks or visiting the dealership in person. FEX PAY brings the payment process right to your fingertips!

4. Peace of Mind and Security: Your financial security matters to us. FEX PAY ensures your personal and payment information is safeguarded with top-notch security measures. Rest easy knowing that your transactions are protected and your data is in safe hands.

5. Friendly Customer Support: At FEX PAY, we value your satisfaction. Our friendly and knowledgeable customer support team is here to assist you every step of the way. Have a question or need help? Just reach out, and we'll be more than happy to assist you promptly.

Ready to Experience FEX PAY? Here's How:

1. Head to our user-friendly FEX PAY website.
2. Click on the "Create Account" button and follow the simple steps to set up your account.
3. Choose your preferred payment method—bank account or ATM/Debit card.
4. Enter your payment details securely, and you're all set!
5. Enjoy the convenience of managing your loan payments with ease.

Join the FEX PAY Community Today! Don't let loan payments stress you out. Embrace the user-friendly FEX PAY solution and experience a smoother, more convenient way to manage your loan obligations. Say goodbye to complex payment processes and hello to effortless payments with FEX PAY. It's time to focus on what truly matters—your financial well-being and peace of mind. Join the FEX PAY community today and enjoy the ease of managing your loan payments like never before!

The term "Buy Here Pay Here" may sound unfamiliar, but it's a concept that simplifies the car buying process and opens doors to financing options for individuals with varying credit situations. Let's dive into what "Buy Here Pay Here" means and how it benefits car buyers at Finn's Discount Auto.

When you choose a "Buy Here Pay Here" dealership like Finn's Discount Auto, you eliminate the need to go through external financing channels. We act as both the dealership and the financing company, streamlining the process by offering on-site financing. This one-stop shopping approach saves time and provides a more straightforward path to vehicle ownership.

At Finn's Discount Auto, we believe that past financial challenges shouldn't hinder your ability to own a reliable vehicle. We understand that credit histories vary, and not everyone may have an impeccable score. That's why we use your job and down payment as your credit, giving you a better chance of securing financing, even if you have no credit or bad credit.

Our commitment to transparency means that you'll have a clear understanding of your financing terms and payment options. With Finn's Discount Auto, you can have peace of mind knowing that you're dealing with a reputable dealership that has been assisting customers in the Southwest for many years.

In conclusion, Finn's Discount Auto is more than just a used car dealership—it's a trusted partner in your car buying journey. With quick financing options, an excellent inventory, and personalized service, Finn's Discount Auto aims to provide a seamless and positive experience for every customer. If you're looking for a reliable used vehicle and flexible financing, Finn's Discount Auto is the place to be. Don't just take our word for it; see what our customers have to say in their glowing reviews on Google and Facebook. We invite you to explore our inventory and discover why we've earned the title of El Paso's best place to buy used cars.

    When it comes to buying a used vehicle, trust and experience matter. At Finn's Discount Auto, we are more than just a dealership; we are a local, family-owned business with a legacy spanning over two decades. Let's explore the advantages of choosing a family-owned dealership for your next car purchase.

    As a family-owned business, we value the importance of personalized service. Our experienced sales representatives take the time to understand your unique needs and preferences, guiding you through our extensive inventory to find the perfect match. We treat every customer like family and strive to make your buying experience as smooth and enjoyable as possible.

    Finn's Discount Auto has been proudly serving the Southwest community for over 20 years. Our deep roots in the local area have allowed us to build strong relationships with our customers, who often return for their subsequent vehicle purchases. We take pride in being a trusted member of the community and contributing to its growth and well-being.

    Our long-standing presence in the industry speaks volumes about our commitment to customer satisfaction. Throughout the years, we have helped countless customers find the right vehicles at fair prices. Our reputation for honesty, integrity, and professionalism is a testament to our dedication to providing exceptional service to each and every customer.

     Are you in the market for a reliable used vehicle? Do you need automobile financing but worried about your credit situation? Look no further! Finn's Discount Auto is the perfect destination for your car-buying needs. Let's delve into why Finn's Discount Auto stands out from the crowd and why it should be your top choice for finding your next car, truck, or SUV.

At Finn's Discount Auto, we understand that time is of the essence when it comes to buying a vehicle. Our streamlined financing process ensures that you can apply for financing and get approved in seconds. No more waiting around for days or weeks to hear back from traditional lenders. We aim to make the car buying experience hassle-free and convenient for our valued customers.

Our inventory boasts a wide selection of high-quality used vehicles, including cars, trucks, and SUVs, suitable for various preferences and budgets. Once you've found your dream vehicle, we'll work with you to explore flexible payment options that align with your financial situation. We believe that everyone should have access to reliable transportation, regardless of their credit history.

With over 900 current customers singing our praises, Finn's Discount Auto has solidified its position as El Paso's best place to buy used cars. Don't just take our word for it—check out our customer reviews on Google and Facebook. We take pride in the positive feedback we receive, as it reflects our commitment to providing top-notch service and making every customer's car buying journey a memorable one.

If you’re looking to buy a nearly-new or used car at El Paso Texas Finn’s Discount Auto welcomes you!!

You may not be sure whether you should buy from a used car dealer in El Paso or a private seller. When discussing the advantages and disadvantages of each, the first thing that always seems to come up is the cost. Private sellers may have cheaper deals but when you invest in your dream car, cost should not be the only concern. At Finn’s Discount Auto, we’ve been selling nearly-new cars for years, and so we know the industry very well.

Let’s have a look at the reasons why you should buy your car from used car dealers in El Paso Tx:

1. Reputation and feedback

One of the most important advantages of purchasing a car from used car dealers El Paso Tx is that you can check their reputation and get feedback from past customers. Here at Finn’s Discount Auto, we have been in this business for various years; therefore, we have many satisfied customers that would be glad to assure you of the quality of our cars, along with the friendly professionalism shown by our group. When you purchase from a private vendor, no one can tell what you will get and don't have the foggiest idea what their record is and if they will dodge you or not.

2. Huge variety of cars

We have a huge variety of cars to choose from. When you go to a private vendor, they will have just a single car to show or sell you, and thusly, you will have no choice with regards to changing your perspective.

At Finn’s Discount Auto, you don't need to settle on a specific model or brand of the car before you buy, and you can test drive several distinct cars to see which one suits your requirements best. This likewise implies the car you need comes in a variety of colors as well.

3. Quality

Vehicles sold from used car dealers in El Paso Tx have to go through quality control tests before they are permitted to be sold. This means you have true serenity realizing that the vehicle you are hoping to purchase is good for the street and has passed a few exhaustive tests to guarantee that it is safe for you and your family.

4. Financing options

At Finn’s Discount Auto, you’ll have so many financing options available to you. Whether that’s a higher monthly payment with lower interest, a lower monthly payment with higher interest, upfront payment from a loan, and so on. When you buy a car from used car dealers in El Paso Tx, you don’t need to have a huge amount of cash on hand.

So, if you have made your mind to buy a car from Used car dealers in El Paso Tx, come to Finn’s Discount Auto to get your dream car now!

If you have been in a situation when you do not have the cash to buy a vehicle or have poor or bad credit, you will need some form of financing. In circumstances like these, you can consider the option of buy here pay here car dealership in El Paso Tx . The term buy here pay here refers to a form of the dealership in which financing for the vehicles is done in-house.  These types of dealerships are beneficial for customers who have relatively poor credit ratings. Also known as “on the spot financing”, this means that when you purchase a used car, van or truck, you will get financed by the company rather than a bank.
 

Why Choose Finn Discount Autos ?

Ditch traditional financing options- With bad credit, buying a vehicle seems like a daunting task. But with Finn’s Discount Auto Car dealership options in El Paso Tx, you can have peace of mind that you will be offered loans in-house to buy a vehicle with bad credit. With us, you do not need to hand over your credit application to a bank. Instead, you will work with us to get you approved without involving a traditional car loan from a bank.

Credit checks are not the only thing we look at - At Finn, we do not need to check your credit, instead we use income verification to support the sale.

Its easy to get a car-  Buying a car is relatively much quick and easy with Finn. You can finance directly from the seller in a very short time.

Some Ideas on vehicle ownership

The thought of owning a vehicle comes with the acceptance that it is an expensive affair. There is a lot of paperwork involved when it comes to transferring ownership of your car or bike. Many individuals find the process of transferring ownership quite frustrating and bothersome because they are not aware of the documentation. Mentioned below is the checklist of some major documents required for transferring a vehicle.

Registration certificate- Registration certification is the primary document of the vehicle which needs to be transferred to the new owner. The new owner would then verify the details and submit the RC in the office to get the ownership details changed.
 

Insurance certificate- The insurance cover of the vehicle also needs to be transferred to the new buyer.  This process is quite easy. You just need to send a request to your insurer for the same and after verifying all the details, the ownership of the insurance policy would be changed in the name of the buyer.

Other forms required- Apart from the above mentioned, several other things may be required (depending on the rules of the state) such as ID card, current address, etc. In Texas, a vehicle emissions testing program is also active which is operated by the Texas department of Public safety.

Those were some major documents required while transferring the ownership of the vehicle. At Finn’s, you can have peace of mind that you will be offered a peaceful and professional buying experience. Visit Finn Discount Autos for more information.

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A credit score is your financial behavior, expressed as a number. They typically range from 350-800. The lower the score, the less likely it is that you will repay debt- or at least that’s the story the numbers tell. To banks, you are considered a bigger risk.  These numbers aren’t based on anything personal, like your job is, race, gender, sexual preference, or if you are single or dating many people- to the banks, you’re just a number.

This number is based on data culled from your financial footprint by FICO: what types of credit and debt do you have? Student loans, home mortgages, or credit cards. Then it looks at how often you make payments on time, how many accounts you have in good standing, your debt to available credit ratio, credit limits, length of credit history and other factors.

The most important thing you can do to get a healthy credit score is to pay your bills on time. To help with this, you might want to set up an automatic payment system with your bank, and have checks sent.Having good credit will save you quite a bit of money in the long run, as you will pay lower interest rates.

Buy Here Pay Here auto loans are most often made to subprime borrowers. These are people who have a credit score lower than 579, and are considered a high risk by banks, so they often can’t get bank loans. The good news is, that everyone can raise their credit score. If you take out a Buy Here Pay Here loan on a car, you not only get a vehicle to get you to work, but by making monthly payments on time, you can improve your credit score.

You’ve saved and saved until you just can’t wait a moment longer- you need your first car. Perhaps you’re practical want a sedan to get to church and school, or you need a truck for work, or just want to drive fast in something sexy. There are some general rules that everyone can use to choose the best first car.

Establish a monthly budget

For many of us, there is a vast chasm between what we want, and what we can afford. Take a realistic look at your budget so you know how much you can spend on payments, insurance, gas, and maintenance. You don’t want to fall behind on car payments, or your car can berepossessed and you’ll lose your down payment and everything you’ve paid so far.

Take an Honest look at What Your Life is Like Now, and What You Want it to Look Like

Your car should land right between these two points. Are you planning on having children soon- then a two door sports car or small pick-up truck probably isn’t right for you. Do you plan on changing jobs in the near future? If so, how far might your commute be? And will you want to make a little extra money on the side driving for Uber or Lyft? Then take a look at their guidelines for what’s required in a car. While cars are utilitarian, they are often emotional purchases, so take some time and be realistic with yourself about what’s really best for you.

Locate Financing and the Right Dealer

If you’re buying a new car, you will often need bank financing. When buying a used car, many dealerships offer Buy Here Pay Here loans. If you haven’t established credit yet, or have bad credit, this is your best bet for financing. Ask to take a test drive. Make sure you are comfortable in the car, start and stop, merge onto a freeway, and get to know the car and make sure it’s a perfect fit before you purchase it.

Used car salesmen and women get a bad rap. They’ve been depicted by Hollywood as hustlers and peddlers of lemons who would do anything to make a buck. In the 1990 film Cadillac, Robin Williams plays a used car salesman named Joey O’Brien. He’s pure trouble- and even tries to sell a car to a widow at her husband’s funeral. Nothing is sacred! However, in reality, most car sales people want you to have the best option for your needs. Here are some tips for working with them effectively.

Shop When It’s Not Busy

This means a weekday. If you can get a late lunch hour, go by a dealership then as it won’t be as busy as a weekend and they can spend more time with you.

Find Out What Insurance Will Be

Some cars, like those with a V6 engine, or a Mercedes sedan will cost you more- especially if you have teenagers. Car salespeople should be able to help you navigate not only the most reliable car for your needs, but ones with reasonable car insurance rates.

Test Drive with the Entire Family and Salesperson

If you’ve found a car you like, make sure it’s a comfortable fit for everyone who will be driving, and riding in it. If you have a driveway with a dip, or a steep hill on your commute, be sure and see if the car can clear these. Listen carefully for sounds and ask the salesperson about them.

Do Your Research

Be sure and read Consumer Reports or Auto Trader so you know what a good deal is based on make, model and year as well as mileage.

Haggle

They enjoy this. Really, they do.

With the government shut down, there may be delays on receiving Earned Income Credit. Instead of getting stressed out over this- it can’t last forever–spend the time planning how to use it to help improve your finances this year. One way is to put it towards a down payment on a used car, so that you have lower monthly payments. The ideal down payment for a car is 20%. There are three big advantages to this.

More Money in Your Pocket

Lower monthly payments mean that you pay less interest over the life of the loan. This is particularly important for subprime borrowers who pay higher interest rates.

More Skin the Game

While a car is a necessity in modern life, and yes, some are luxuries, it’s not considered an investment. In fact, it depreciates rapidly in the first few years. By having already paid off a good portion of it, you don’t have to worry about the value of your car being less than what you owe on it.

Stay Above Water

Owing more than a car is worth is known as being “under water.” The problems with this is that if you want to trade it in for a new car, you might not have a credit, and could even end up owing money. Another issue is if the car is totaled, the insurance pay out might be less than what you owe on the car.

So when you receive a tax refund this year, think of ways it can be used to improve your financial health for the year. One of these is to make a bigger down payment on a used car so that you have more money in your pocket and can always sell for more than you owe if need be.

If you’re shopping for a car, there are many reasons to choose a used car over a new one. The first is cost. Along with actually paying more for the new car, you’re also paying more in sales tax. As well, it costs more to insure it every month, as well as register it every year.  And cars don’t increase in value the way real estate often does. In fact, they depreciate, rapidly. Which means you lose 20% of the value from the moment you buy it.

According to Kelley Blue Book, the average cost of a new car in 2018 was over $30,000.00.  (Along with the highest prices yet for new cars, Forbes reports that missed payments have gone up as well.) Due to depreciation, or the fact that once you drive your car off the lot, it’s no longer new, you’ve lost $6000.00 right there. You are immediately underwater, and owe more than your new car is worth- on the first day you own it. And within three years, that car has depreciated to a value of $15,000.

When the owner of the new car sells it, and you can buy it, you are beneficiary of this depreciation. The original owner has absorbed it. Even if you’re buying from a used car lot, you’re still benefitting.  And a used car depreciates less drastically. If you buy that car for $15,000.00, and then sell it in three years, you can probably get $10,000.00 for it. So the difference is substantial. You can also research cars that hold their value- we have a blog post on this you can visit here.

What is often missing when purchasing a used car is that new car scent everyone seems to like so much. But you can buy that at Home Depot for $10.61. And still be $14, 989.39 ahead.

It you have a poor credit score- below 550, or haven’t established credit, the best way to get a new set of car keys is through a Buy Here Pay Here used car dealership. The benefits of this are that the dealer is the financier, so it’s one stop shopping. Also, if you make your payments on time, you will improve your credit score, of if you don’t have one yet, you’ll establish a solid credit score. This will help with securing loans for purchasing a home, financing a new business, or upgrading to a new car.

At Finn’s Discount Auto, we have advice for people financing through Buy Here Pay Here for the first time.

First, know what car is best suited for you and your family’s needs. How large of a car do you need? Do you drive a lot or a little? Is a third seat or spacious leg room more important? Then do the research on the types of cars you’re interested in.  A good place to start is Kelley Blue Book.

Next, be sure you can afford the monthly payment. Sit down with a calculator and estimate not only the monthly payments, but also what insurance, registration and repairs will cost each month. Make sure you can pay this amount. Best case scenario is if you can pay off your loan early. This will save you in interest payment.

If you fall behind on payments with a Buy Here Pay Here dealerships, then you run the risk of your car being repossessed. At Finn’s Discount Auto, we do not like repos! We want to keep our clients happy and coming back to do business with us again in the future.

Tax returns are arriving, and while you have a nut, it’s a great idea to put it towards a large purchase, like buying a car. At Finn’s Discount Auto, we have a wide range of great cars right now. Before coming in, make sure you’ve done your homework on purchasing a car so that you have a good experience and get the car that’s right for you.

Know What You Want

Are you going to drive for Uber? Then you’ll need a backseat. Do you have a large, or growing family? Then maybe a Mini-Van is your best option. Do you plan on using for hauling. Pick-Up truck is the obvious answer. Take time to evaluate your needs, now and in the future. Aim for a vehicle between those two places. You can also research car prices by checking Kelly Blue Book, Edmunds, and NADA Guides.

Features Wish List

Decide what your deal breakers are. Do you have to have four-wheel drive or manual transmission? What about power windows, heated seats, or screens that show you obstacles behind you when backing up. Are you flexible on car colors? Knowing what you want, but can live without will help narrow down your shopping.

Financing

Even with a substantial down payment, you will most likely financing to purchase a car. Check your credit score to see if banks will finance you. If not, a Buy Here Pay Here dealership is your best, and probably only option. By making a large down payment, you will save on interest in the long run. As well, with Buy Here Pay Here, you’ll have financing and shopping in the same place.

Ask Questions at the Dealership

Ask your car salesperson about mileage, the engine, gas mileage, maintenance and other pertinent facts about the wear and tear on the vehicle.

Drive Away!

Be sure and maintain your car, insure it, and make sure you make payments in time so that your credit score improves.

The film, Repo Man, is a cult classic. Otto, a young punk rocker played by Emilio Estevez becomes a repo man. He’s resistant to this at first, but then finds himself addicted to this adrenaline-fueled job. If you don’t pay your loan back, then lenders have the legal right to repossess cars. But it’s not as quirky and outer worldly as the movie may have led you to believe.

Fact: In most states, repossession is legal after your first default.

Fiction: Buy Here Pay Here Car Dealerships want to repossess your car. In fact, at Finn’s Discount Auto, we want you to make your payments on time, so you build a solid credit history and save on interest. We also want you to return with friends and family to buy more cars. We do NOT want you to miss a payment and repossess your car.

Fact: If you contact they lender they will often give you a 30-day extension.

Fiction: This starts from the time you contact the lender. The truth is that the 30-day extension starts from the day the payment was due.

Fact: Hiding your car or blocking it with other vehicles does not mean the repo man can’t take it. They’ve seen it all and will catch you when you least expect it.

Fiction:  Hiding from the repo man buys you time. No, any extra time and effort the repo man spends, he or she will charge the lender for. This means that if the vehicle is sold, the total amount owed to the dealer will be greater due to repossession fees. On some occasions, the sale price is greater than what is owed, so the car owner may actually get money back. Unless it goes to paying the repo man.

This season’s rain and snow are leaving behind a bevy of blooms in the desert. Come by Finn’s Discount Auto and buy a comfortable car to take your family on a spring road trip. Heading north from El Paso into New Mexico, there are many options for hiking, enjoying a picnic and marveling at the colorful gifts left by winter rain.

Starting in El Paso, hit the Franklin Mountains State Park at 1331 McKelligon Canyon Road. If your timing is right, a blanket of  Mexican gold poppies will be spread out around the base. You may see claret cups in April.

Pack a picnic and head to the Organ Mountains National Monument in Las Cruces. Here you’ll see a smattering of the Mexican gold poppies, along blue lupine. The magnificent Saguaro cactus and the Organ Pipe cactus also bloom in late spring. The Visitor Center has a small garden with signs identifying native wildflowers.

Two and half hours north of El Paso on Highway Interstate 125 is the Bosque del Apache, a marvelous refuge for migrating birds. It’s known for the massive flocks of Snow geese and Sandhill cranes that winter there. The Chupadera Trail is a 9.5 mile loop through an amazing array of desert plants.

Keep heading north another 100 miles, and this will take you to the Petroglyph National Monument. Desert marigolds bloom in mass, while scarlet hedgehog cactus and tulip prickly pear have sprouted up around the rocky formations etched hundreds of years ago.

Television personality Marie Kondo is creating a craze in society – convincing us to “unclutter”. Her filtering philosophy for cleaning out closets and garages is, “Does it bring you joy?”. You could ask this of the car you are currently driving.  Does it make you happy? Is it fun to drive or you look good in it? Is it an expression of your personality and lifestyle? Our father drives a maroon Honda Civic. Nothing about this vehicle says “Joy” or personal brand.  He doesn’t care- that’s not why he owns a car. He was looking for reliability, good gas mileage, and low monthly payments. He found all of that in a Honda Civic.

But then there’s our nephew, Emiliano. He drives the world’s most impractical car – a Nissan Skyline. There are very few of these in the United States, and they are barely legal.  The steering wheel is on the right-hand side, and it has terrible gas mileage, the clearance is super low so any speed bump is a drama, but it can go 155 to 200 miles per hour. Emiliano likes to drag race, and is something of a ladies man. He spends every paycheck on that car, but he’s got way more game with his race car than a Honda Civic.

If you’re looking for reliability, a comfortable ride, and to feel joy when you drive your car, we have you covered at Finn’s Discount Auto. Right now we’ve got a gray Nissan convertible that’s stylish and fun, as well as tried and true Honda Civics, and numerous mid-sized SUV’s like Hyundai Elantra. Or come by and check out our sporty Jeeps and Scion XB. We’ll help you find your sweet spot between form and function in your new used car.

April 15th, tax day, looms closer and closer. If you’re self-employed, or have a side-gig, such as making deliveries or driving for Uber, you might want to check if you can deduct vehicle expenses from your Self-Employed taxes.

To do this, you first calculate how many miles you drove all year. Then you choose between taking the standard rate, or the actual expenses you incurred with your car. To do this, figure the percentage that was personal driving, and how much was for business. Say you drove 100 miles a week, and 40% was for business. That’s the percentage of car expenses you can deduct. Keep in mind, driving to your work place is commuting, so that’s not deductible, but driving to do business banking or buy supplies is deductible.

The average standard rate for 2018 is 54.5 cents per mile. So if you drove 40 miles a week for work, you would deduct $21.80 per week for your standard rate.

Or, you could deduct your actual car expenses.  These include: depreciation (amount you can deduct over time for general wear and tear of the vehicle), registration and property tax fees,  parking and tolls, new tires, maintenance and repairs. As well, you can write off registration, taxes, & licenses. Compare and see which number is bigger, and choose that as your deduction.

One car expense that’s deductible with both of these methods is the interest you paid on your car loan. This is often a significant expense, especially with a Buy Here Pay Here Loan. Keep this in mind when borrowing money to pay off your loan – you are self-employed, the interest is tax deductible. Ask the business department at Finn’s Discount Auto when you purchase a car, and make sure and tell your tax person that you have deductible interest on your car.