Buy Here Pay Here Requirements: What You Need to Get Approved
Posted Wednesday, Apr 16, 2025
Have you ever been turned down for a car loan? Do banks run away when they see your credit score? You are not alone! Many people struggle to get a car when they have credit issues. But there is good news. Buy here pay here used car dealerships like A & JC Auto in Lake Worth, Florida, offer a different way to buy a car. Our buy here pay here program helps people who can't get loans from regular banks.
Buy here, pay here means we are both the car seller and the lender. We don't send your application to outside banks who only care about your credit score. Instead, we look at your whole situation.
According to the Consumer Financial Protection Bureau, buy-here-pay-here dealerships usually offer in-house financing to assist borrowers with little or no credit in obtaining the transportation they need.
At A & JC Auto, we make car buying easy even if you have bad or no credit. We aim to give you the best car-buying experience with simple steps and clear buy here pay here requirements. Despite credit issues, we have helped many people in Lake Worth drive away quality used cars.
This guide will show you exactly what you need to get approved for our buy here pay here financing. We will walk you through each step of the process. By the end, you'll know how to get behind the wheel of a reliable used car, even with credit challenges.
Basic Buy Here Pay Here Requirements
Valid Photo ID
The first thing you need is a valid photo ID. This is the simplest requirement, but it's very important. Your ID proves you are who you say you are. Make sure your ID is not expired.
Acceptable forms of ID include:
1.) Driver's license (most common)
2.) State ID card
3.) Military ID
4.) Passport
Your ID must show your current name and a clear photo. If you recently changed your name through marriage or other reasons, bring documents that show the name change.
Proof of Income
We need to know if you can make regular payments. This doesn't mean you need a perfect job or a huge salary! We need to see a steady income that covers your car payments and other bills.
At A & JC Auto, we accept many forms of income proof:
1.) Recent pay stubs (last 2-3 pay periods)
2.) Direct deposit records showing regular income
3.) Bank statements showing income deposits
4.) Social Security award letters
5.) Disability benefit statements
6.) Retirement income documents
7.) Self-employment tax returns or bank statements
We typically look for at least a $1,500 monthly income, but this can vary based on your specific situation and the price of the car you want. The key is showing that car payments will fit comfortably in your budget.
If you're self-employed, don't worry! Bring bank statements and tax returns that show your business income. We understand that not everyone works a traditional 9-to-5 job.
Proof of Residence
We need to know where you live. This helps us verify your stability and contact information. The address on your application must match your proof of residence address.
Acceptable proof of residence documents include:
1.) Utility bill (electric, water, gas)
2.) Cell phone bill
3.) Cable or internet bill
4.) Lease agreement or mortgage statement
5.) Bank statement with your address
6.) Insurance bills (home or renter's)
The document should be recent (within the last 30-60 days) and show both your name and address clearly. P.O. boxes are not accepted as proof of residence.
Personal References
We ask for references to help verify your information. References can be:
1.) Family members who don't live with you
2.) Friends
3.) Coworkers
4.) Neighbors
5.) Current or former employers
Have complete contact information ready for 3-5 references, including:
1.) Full names
2.) Phone numbers
3.) Addresses (if possible)
4.) Relationship to you
Good references strengthen your application. They show you have a support system and help us verify your personal information.
How Our Buy Here Pay Here Process Works
At A & JC Auto in Lake Worth, we've made our buy here pay here process simple and fast. We want you to drive your new car today, not wait weeks for approval.
Step 1: Submit Basic Information
Start by visiting our website at www.ajcautos.com and click on "Apply Online" or "Get Pre-Qualified." You'll need to provide:
1.) Your full name
2.) Contact information
3.) Social Security Number
4.) Employment details
5.) Housing information
6.) Monthly income
This first step takes just a few minutes. Our secure online form protects your personal information. You can also call us or visit our Lake Worth dealership to apply in person.
Step 2: Gather Your Documents
Before coming to our dealership, gather all your required documents:
1.) Photo ID
2.) Proof of income
3.) Proof of residence
4.) Reference information
Having these documents ready saves time at the dealership. You'll move through the process faster and drive home sooner.
Step 3: Visit Our Dealership
When you come to A & JC Auto, our friendly team will:
1.) Review your application
2.) Check your documents
3.) Discuss your budget
4.) Show you cars that match your needs and budget
We'll help you find the perfect used car from our wide selection of makes, including Toyota, Ford, Honda, and more. Our inventory is updated regularly with quality pre-owned vehicles.
Step 4: Choose Your Car and Finalize Terms
After finding your perfect car, we'll:
1.) Explain all financing terms clearly
2.) Review payment amounts and due dates
3.) Discuss warranty options
4.) Complete all paperwork
We believe in transparency. You'll understand exactly what you're signing and what to expect with your payments. There are no hidden fees or confusing terms.
Step 5: Drive Away Happy
Once the paperwork is complete, you'll get your keys and drive off in your new car! The entire process can take as little as 1-2 hours. That's much faster than traditional financing, which can take days or weeks.
Common Questions About Buy Here Pay Here Requirements
Do You Run Credit Checks?
While we may check your credit, your score isn't the deciding factor. We focus more on your current income and ability to pay. Our customers have been approved despite bankruptcy, repossession, or other credit issues.
How Much Down Payment Do I Need?
Down payment requirements at A & JC Auto vary based on:
1.) The vehicle you choose
2.) Your income stability
3.) Your overall application
Down payments typically range from $500 to $2,000. We work with your budget to find a down payment that is right for you. Sometimes, we run specials with lower down payment requirements.
How Are Payment Terms Structured?
Our payment terms are designed to fit your budget. Typically, you'll make:
1.) Weekly, bi-weekly, or monthly payments
2.) Terms ranging from 24 to 48 months
3.) Payments that align with your pay schedule
We make payments convenient with multiple options:
1.) Online payments
2.) In-person payments at our dealership
3.) Automatic payment plans
Can I Get Approved With No Credit History?
Yes! Many of our customers are first-time buyers with no credit history. We understand everyone starts somewhere. If you have a steady income and can document it, we can help you get into a quality used car.
Will This Help Build My Credit?
Yes, it can. We report payments to credit bureaus, so making on-time payments can help improve your credit score. This is a great way to rebuild damaged credit or establish a credit history.
Drive Away Happy!
Credit issues shouldn't hold you back from getting the transportation you deserve! Our buy here pay here requirements are designed to help people get approved, not to find reasons to say no.
