When one is in need of a car, and bad credit begins to get in the way of an individual’s ability to get a car, people tend to find themselves in a vulnerable situation. Most who are in this type of situation opt to purchase a car in cash, but those who do not have enough cash on hand to purchase a car are left with limited options.
This is where JD Byrider and other buy here pay here car lots come in.
Buy here pay here car lots specialize in serving people with limited options. JD Byrider is known for being able to finance just about anyone for a car. Unfortunately, some buy-here, pay-here car dealers have a long record of consumer complaints. Here’s a recent complaint we recently found on Facebook:
THIS COMPANY DOESN’T BACK THEIR CARS. MY FRIEND AND I ALONG WITH OUR KIDS WERE ALMOST KILLED THIS WEEKEND. THE TIRE ON HER CAR FLEW OFF AS SHE WAS DRIVING TO WV. THE STUDS BROKE OFF. THEY WONT FIX IT BECAUSE THEY SAID WE LOOSNED THE LUG NUTS OURS…ELVES. THIS CAR HAS BEEN IN THE SHOP 4 TIMES IN 1 MONTH AND STILL UNDER WARRANTY. THEY STILL WONT FIX THE DAMAGE. June 15 at 12:57pm · *Review found on Facebook*
1. Credit for Almost Anyone – Horrible Credit, Bad Credit, Good Credit, No Credit.
It seems that the only reason these type of companies are so well known is because they provide car financing to people with bad credit who cannot qualify for a car loan anywhere else. Practically, every circumstance you can imagine is acceptable including a recent bankruptcy, divorce, or even a repo. This is the real benefit, if you absolutely need a car — which most everyone does in order to make a living — and you can’t find a loan anywhere else, you can count on JD Byrider.
Unfortunately, they also serve people who THINK they have horrible credit and are afraid of even trying to qualify for a car loan elsewhere. The sad thing is that quite often these type of people, who may have had credit issues in the past, are often eligible for car financing with many dealerships, even for new car purchases.
This is why we often recommend that our readers use a car loan quoting system before contacting any car dealer.
The great thing about these types of sites is that it allows you to complete a brief application which is then submitted to a huge network of car dealers and car lenders. The car dealers or lenders who want to do business with you will contact you directly.
This saves you time, money, and the humiliation of having to go from dealer to dealer and be turned down, plus you can always turn them down if you’re not happy with the offers your receive as their is no obligation.
1. Too Much Emphasis on everything but the Car – From the minute you make contact with a JD Byrider salesperson, they immediately begin talking about the second chance program that is supposed to help individuals with bad credit rebuild their credit with the purchase of a used car. Even if you try getting them to focus on the cars available, the sales reps seem to be trained to sell one thing, and one thing only the second chance finance program. The cars seem to be a secondary concern, something we found troubling when shopping for a car.
2. Don’t Expect an Immediate Test Drive – Don’t think you can just walk in and test drive any car you see on the lot. First, you will probably have to fill the paperwork and talk with a representative. They do this to figure out how much you qualify for. Once they determine the magic number, they will tell you which car(s) you can buy. This is why it is far better to let the dealers compete for your business before you consider this option. This way, you can pick the car you want and work with dealers who are willing to work with your special credit situation. Why waste time going from dealer to dealer? You can get several dealers competing for your business using an online bad credit car loan quoting system.
3. Lawsuits -There have been numerous suits filed against JD Byrider and the internet is filled with consumer complaints regarding business practices and collections. This does not inspire much confidence. Most complaints are about the poor quality of the cars and collections practices.
The cars… though to be fair they do a lot of business and move a lot of cars, so I guess the fact that they don’t always have a bunch of nice looking cars sitting on the lot could be a good sign.