Buy Here Pay Here FAQ

What does Buy Here Pay Here Mean for Me?

The term "Buy Here Pay Here" (BHPH) refers to a method of running an automobile dealership in which the dealer extends financing to the buyer, either directly or through a private in-house lender. In simpler terms, it means you buy your vehicle with us and pay for it (finance) it with us.

Dealerships that are not "BHPH" typically use the auto manufacturer's credit company or a bank to finance the buyer's loan. Banks and manufacturer lenders’ requirements are based on a good credit score, a significant down payment, and a loan that is long-term.

What are the Benefits of Buy Here Pay Here?

BHPH dealers offer car loans that are NOT based on your credit score; they are based on your income and residence. You can be approved with income from Social Security, pension, and even self-employment. Bad credit is not an obstacle. You can be approved with prior repossessions or bankruptcies. The approval process can be completed over the phone, in 5 minutes or less. Lubbock auto loans from Fiesta Motors are short-term, not a long commitment, and are geared to help you build or improve your credit score.

Build Credit Fast

Payment options include easy weekly, bi-weekly and monthly installments. We report your payments to the credit bureaus, helping you build your credit score with each installment. Fiesta also has flexible insurance options so you can SAVE $$$ on insurance costs.

Very Low Down Payments

Low down payments are just one of the many auto financing options available at Fiesta Motors. We have a vested interest in making sure your down payment and regular payments are within your budget, so our finance experts work with you to determine the best solution, tailored to your needs. Even people looking for good credit car loans can benefit from Fiesta’s flexible, in-house financing.

Come by and Get Approved today!

Why is Fiesta Motors Different from other Buy and Pay Here Car Lots?

Some Buy/Pay Here car lots may resell a loan to an outside funder such as a bank. Fiesta Motors never resells a loan. Our private funder is the only source of our car loans. That means our continued success lies in your ability to make your loan payments. WE DON'T GET PAID unless you continue to make your payments.

But that's a good thing. It means that we're invested with you not only from Day One, but every day until your loan is paid off. We have a higher level of commitment because we don't get paid unless you continue to make your payments. Fiesta knows your ability to drive to work every day is just as important to you as it is to us!

Visit any of our conveniently-located buy here pay here used car lots in Lubbock to talk with one of our finance specialists and see what Fiesta Motors can do for you!