The coolest thing which ever happened to me had to do with buying used cars in Florida right after I got out of college. I had just graduated from the University of Miami, and had decided to make a home in the greater Miami Beach area. If you've never been, you definitely should make a point to check it out.
A huge challenge stood in front of me however. I was a new graduate, had little credit; actually a few bits of bad credit. My guess was that getting financing from a major provider like GMAC or one of the local banks was going to be a tough sell.
One night after work, I was chatting with some friends and one mentioned he'd just got a new, used car. What? I knew this fellow and he was definitely in worse shape, financially, than me. When I inquired how he did it, he told me all about buy here pay here car lots.
Prior to this, I'd never really thought about the concept. Obviously, everyone knew that new auto dealerships would provide you with financing if you didn't come in with your own. But now that I'd learned the same sort of options existed with used vehicles. I was confident in my ability to get at least as good a deal as my friend had received. With that in mind I set off the very next day to get a new albeit used car.
Friday, August 21, 2009
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