Buy Here, Pay Here & Credit Rebuilding
Buy Here, Pay Here & Credit Rebuilding – FAQ
Helping You Get Back on the Road — and Rebuild Your Credit
At Lunde Auto Sales in Wadena, MN, we understand that life happens — and sometimes your credit takes a hit. That’s why we proudly offer Buy Here, Pay Here (BHPH) financing designed to help you get a dependable vehicle and start rebuilding your financial future. Below are answers to the most common questions we hear from customers just like you.
What is Buy Here, Pay Here (BHPH)?
Buy Here, Pay Here means you finance your vehicle directly through us—no outside banks or lenders involved. We handle everything in-house, making it easier and faster for you to get approved, especially if you have credit challenges.
Who qualifies for Buy Here, Pay Here financing?
We specialize in helping customers with bad credit, no credit, or past financial issues. Whether you’ve had a bankruptcy, repossession, or just a low credit score, we’re here to work with you.
How does Buy Here, Pay Here help me rebuild my credit?
When you make on-time payments, we can report your payment history to major credit bureaus. This helps you reestablish a positive credit record over time, which may improve your credit score.
What documents do I need to get started?
Typically, you’ll need:
• A valid driver’s license
• Proof of income (recent pay stubs or bank statements)
• Proof of residence (utility bill, lease, etc.)
• References
Stop in or call ahead—we’ll walk you through everything you need.
What kind of vehicles do you offer with BHPH financing?
We offer a wide selection of reliable used vehicles priced between $10,000 and $20,000, including cars, trucks, SUVs, and vans. Every vehicle is inspected and ready to drive.
Do I need a down payment?
Yes, a reasonable down payment is required, but we work hard to keep it affordable. We’ll go over all the options with you to find something that fits your budget.
How often are payments due?
Payment schedules are flexible and typically weekly or biweekly to match your payday. We make it easy with in-person, phone, and online payment options.
Can I trade in my current vehicle?
Absolutely! We accept trade-ins and can apply the value toward your down payment. Bring in your vehicle and we’ll give you a fair offer on the spot.
Get Pre-Approved!
Are you applying for financing for yourself, or jointly with a co-borrower?