What is a “Buy Here Pay Here” Dealership?

In this video, Joel Bassam, the Director of Marketing for Easterns Automotive Group, breaks down the differences between a traditional car dealership and a “buy here pay here” lot.

What the Difference?

At a traditional car dealership, financing is secured through a partner or bank. At a “buy here pay here” lot, the financing is completed by the dealer. While that might seem like a small difference, it greatly impacts the consumer experience.

  • At “buy here pay here” lots, there generally isn’t any reporting to the three credit bureaus, so making payments on time won’t be positively reflected in your credit score.
  • Many of these lots also require weekly or bi-monthly payments made on-site, which is a big inconvenience.
  • Finally, “buy here pay here” lots also have a smaller selection of lower-quality, older cars to choose from.

When choosing the right fit for you, remember that at Easterns Automotive Group, your job is your credit.

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7 Locations

Serving DC, Maryland
and Virginia

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  • Monday 10:00 AM - 8:00 PM
  • Tuesday 10:00 AM - 8:00 PM
  • Wednesday 10:00 AM - 8:00 PM
  • Thursday 10:00 AM - 8:00 PM
  • Friday 10:00 AM - 8:00 PM
  • Saturday 9:00 AM - 8:00 PM
  • Sunday 11:00 AM - 5:00 PM

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