Buy Here, Pay Here in Raleigh Reimagined!
Last Updated: Feb 12, 2024
At Benchmark Auto Sales Raleigh, we proudly label our financing approach as "The Buy Here, Pay Here Alternative" because we've transformed the conventional model into a customer-centric, innovative experience. Unlike traditional Buy Here, Pay Here (BHPH) setups, our reimagined program prioritizes flexibility, empowerment, and affordability for our valued customers.
With in-house lease plans that offer options for vehicle ownership, attractive trade-in choices, and an emphasis on financial inclusivity, we redefine the entire car-buying journey. Our commitment to providing a transparent and advantageous financing solution sets us apart, making "Buy Here, Pay Here Reimagined" at Benchmark Raleigh South a symbol of a more accessible, customer-friendly, and forward-thinking approach to vehicle ownership.
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Affordable & Reliable Inventory
Why Choose Us Over Buy Here, Pay Here?
1. Complete Control, No Compromises
Unlike traditional Buy Here, Pay Here options, our in-house lease plans give you complete control. With the Standard Lease Plan, ownership is within reach, and you decide the vehicle's fate. In the 3 Year Lease Plan, enjoy the freedom to upgrade or walk away hassle-free.
2. Affordability Redefined
Say goodbye to hefty down payments. Our 3 Year Lease Plan provides a more affordable avenue to drive newer vehicles. Enjoy lower initial costs, reduced monthly payments, and a chance to upgrade without breaking the bank.
3. No Long-Term Commitments
Break free from the constraints of long-term contracts. Our in-house lease plans offer flexibility, allowing you to adapt your driving experience to your changing needs, unlike the rigid structures often associated with Buy Here, Pay Here options.
Explore Your Options Today
Whether you seek ownership with flexibility or a more affordable path to newer vehicles, Benchmark Auto has the solution. Visit us today and experience a better way to drive.
Standard Lease Plan: Ownership Empowered
Looking for ownership with financial flexibility? Our Standard Lease Plan is the answer. Not only does it grant you the option to purchase the vehicle at the end of the lease, but it also includes a host of benefits—GAP waiver, limited powertrain warranty, oil changes, property taxes, and attractive trade options after just 13 months. Break free from long-term contracts and enjoy the most customer-friendly in-house financing program in the industry.
3 Year Lease Plan: A New Era of Affordable Driving
Explore the future of affordable driving with our 3 Year Lease Plan. This buy here, pay here alternative offers an enticing incentive—seamless transition into another vehicle with minimal to zero down payment at lease end or the freedom to walk away with no strings attached. Experience fully serviced, safe, and reliable vehicles at a more budget-friendly rate.
Check out our 'Trade Options' link for more details. Both plans include our limited powertrain warranty and GAP waiver. Mileage restrictions apply. Please see dealer for complete details.
Benchmark Auto Lease Details
- Standard lease plans range from 57-260 weeks with a purchase option.
- 3 Year Lease Plans are 156 weeks without a purchase option.
- No security deposit required. Mileage restrictions apply. See dealer for complete details.
- Early lease termination is possible with a termination fee.
- All vehicles listed for in-house lease financing are available exclusively as operating leases. Check our inventory tab for down payment details.
- Alternative financing options are available, with advertised payments subject to change based on qualifications.
- Trade offers and credit approvals are subject to change without notice at the dealer's discretion.
- A 2.5% fee applies to all credit and debit card charges exceeding $500.
- Final payments are non-refundable for any reason. Visit the dealer for complete details.
Buy Here, Pay Here FAQs
What is Buy Here Pay Here (BHPH) financing?
Buy Here Pay Here is a financing model where the dealership acts as both the seller and the lender. Customers make payments directly to the dealership, often on a weekly or bi-weekly basis. While it provides financing options for those with credit challenges, it usually comes with higher interest rates and limited vehicle choices.
At Benchmark Raleigh South, we offer an alternative through our in-house lease program. With flexible lease terms, 100% online approvals, and a range of vehicles to choose from, our lease program provides a superior financing option compared to traditional Buy Here Pay Here.
Why consider Benchmark Auto's lease program over Buy Here Pay Here?
Benchmark Auto's lease program offers a more customer-friendly approach. Unlike BHPH, our lease plans provide the option to upgrade to a new vehicle after a short period, often with lower down payments. Additionally, our plans include attractive trade options, GAP waivers, and limited powertrain warranties, ensuring a hassle-free and cost-effective driving experience.
Can I own the vehicle with Benchmark Auto's lease program?
Yes, with our Standard Lease Plan, you have the option to purchase the vehicle at the end of the lease. This flexibility sets us apart from traditional Buy Here Pay Here arrangements, where high interest rates and vehicle quality rarely see the life of the loan play out.
At Benchmark Raleigh South our lease program combines the benefits of ownership with the flexibility of leasing, providing a unique and advantageous financing solution for our customers. Lease vehicles keep the dealership with a vested interest on the quality of the vehicle, unlike Buy Here Pay Here cars.
How does Benchmark Auto's lease program address credit challenges?
Unlike many Buy Here Pay Here programs that attach interest rates to credit scores, Benchmark Auto's lease program focuses on things beyond credit score. We believe in providing accessible and inclusive financing options, allowing individuals with varying credit histories to secure reliable transportation and not pay interest rates up to 29%!
At Benchmark Raleigh South our commitment is for 100% online approvals which opens doors for individuals seeking a better alternative to traditional Buy Here Pay Here financing.
Can I trade in my car before the end of my Buy Here Pay Here contract?
In traditional Buy Here Pay Here (BHPH) financing, trading in a car before the completion of the loan term can be a more complex and challenging process. Many times the vehicle you want to trade in has negative equity, meaning if you trade in the car your next loan will add in more money. You also have to pay taxes and fees all over again.
At Benchmark Raleigh South our lease program prioritizes your changing needs, offering a straightforward process for upgrading to a new vehicle without the typical challenges associated with Buy Here Pay Here financing
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