1st Place is a Buy Here, Pay Here dealership serving the DFW Metroplex. We have tow locations Ross Ave near downtown Dallas and on Denton Hwy in Watauga. We are friendly, local, eager, and ready to serve your car buying needs. When 1st Place opened twenty years ago it was with one good intention: to help decent people acquire reliable transportation. Since 2000, we have helped thousands of Texasn with bad credit get the car they want and need. Customer support and satisfaction is paramount to us. We pride ourselves on our willingness to reward our loyal customers. Call or walk into either of our locations and ask about our trade-in and referral incentives and programs. 1st Place is locally and family-owned.
What Is a Buy Here, Pay Here Dealership?
Buy Here, Pay Here is a term applied in the used car industry that describes a dealership where the dealer and the lender are the same entity. Buy Here, Pay Here dealerships typically work with car buyers who have had credit difficulties in the past. Buy Here, Pay Here dealerships are ideal for someone needing a used car but who would have a hard, if not impossible time trying to get a loan from a traditional lender like the bank or their local credit union. The shopping and financing experiences are different at a Buy Here, Pay Here dealer. Potential customers must consider a number of factors including what they want, what they need, what they can afford and what the dealer is willing to offer them. Down payment, inventory and loan terms are all factors in this equation. Quality Buy Here, Pay Here dealers like 1st Place stand apart from the rest and offer their customers a reason to shop there such as a broad inventory, best in market pricing or top dollar for your trade-ins. At a conventional car dealership, the car buyer shops for the car they like, negotiate pricing and then finalizes the purchase when they are happy with the vehicle and the terms. Financing can occur at the dealership, through a third-party lender or a bank. At a Buy Here Pay Here dealer, financing is usually discussed first so that the dealer (who is also the lender) understands the customer’s financial circumstances. This allows the dealership to tailor the loan to the customer’s income and needs and keep the vehicle affordable.
What Are the Benefits of Using a Buy Here, Pay Here Dealership?
The prime benefit of using a Buy Here, Pay Here dealership like 1st Place is that it makes the car buying experience a one-stop and simplified process. With a lot of large purchases, there are at least two steps: 1. Find the item you want 2. Go to a bank or other lender and attempt to secure financing for it. At a Buy Here, Pay Here car dealership, a car buyer arranges the amount of the monthly payment and loan terms directly through the dealer. 1st Place can save you time and stress by making the car buying experience easier to wade through. Less time searching, negotiating and finalizing the financing means more time to hit the road and put the pedal to the medal. If all the proper documentation is provided on your first visit, deals can be closed in as little as 30 minutes. You can’t even get a pizza delivered that fast anymore! Other benefits abound too. There isn’t a huge stack of papers that need to be signed or reviewed. Instead, we want you to walk in, be greeted by our friendly staff, find a vehicle you want and finance it through us, with the peace of mind of knowing you’re getting a fair price and dependable car to drive. If you’re looking to expedite your next car buying experience, consider us. No matter what you want out of your next car, truck, or SUV, visiting 1st Place is the right choice. We have 6 locations and multiple financing programs!
Is It Hard to Get a Loan at 1st Place?
No. Getting approved at 1st Place is extremely easy. To get approved, you just must meet the following 3 requirements: Be at least 18 years old. Have a valid insurance, government issued ID. Have take-home pay of at least $2,000 per month (after taxes). If you meet these 3 requirements, you are sure to be approved quickly at 1st Place.
How Long Does It Take to Get Approved?
Not long at all. At 1st Place, we can approve your credit application in as little 10 minutes! Apply online anytime for and instant approval!
What Documents Do I Need to Bring When I’m Ready to Buy a Car?
Each approval varies, but most of the time car buyers need to bring their Driver’s License or Government issued ID, most recent pay stubs, at least one utility bill, and their phone bill. A down payment in cash or money order is also required to take delivery of your new car.
How Many Vehicles Will I Get to Choose From?
Our inventory is stocked with over 100 vehicles of nearly every make and model you could imagine. Down payments can vary, based on you financing approval and type and cost of the vehicle you choose. Our trained Approval Specialists will assist you in locating the car and monthly payment and the payment that meets your needs and your budget.
What Is 1st Place’s Mission?
As a regional auto finance company with locations DFW, 1st Place is here to help creditworthy but challenged customers. We believe everybody deserves reliable transportation. Sometimes this means being given a second chance. Even if you have previous bankruptcies, repossessions or other credit setbacks, we’re here to help. We also stand behind the dependability of every vehicle we sell: we offer a 12 month/ 12,000-mile warranty on all of our vehicles, Diesel Trucks EXCLUDED. We are doing our part to ease the stress and burden of not having your own car by offering customers ways to finance a used car. We also pay top dollar for trade-ins and we are proud to be one of the largest Buy Here, Pay Here pre-owned dealerships in the area.
Where Do I Make My Payments for a Vehicle I’ve Purchased at 1st Place?
All of our customers can make their monthly car payments ONLINE using the link on our website. We do take cash, cashier’s checks or Visa/Mastercard in person if required. We also offer the convenience of auto payment, with our Easy Pay direct debit option. 1st Place makes it straightforward and simple to pay, anytime or anywhere.
What Will My Payments Be if I Purchase a Car at 1st Place?
1st Place specializes in short-term loans. This means you can get the car paid for and have the title in your name as soon as possible. This ASAP plan aims to keep customers away from 60- and 72-month loan terms. Our payments range from $150 – $325 (bi-weekly). the average evening out to be about $100 a week.
Where Does 1st Place Get Their Vehicles From?
A lot of our vehicles are new-car dealership trade-ins. Some of our vehicles are bought at auto dealer auctions or traded to us directly. We work with full-time buyers who have the knowledge and experience to find the best cars at the best prices from across the region.
What Kind of Inspection Do 1st Place Cars Get?
All of our vehicles receive a comprehensive inspection from a local and qualified auto mechanic. If any car lands on one of our lots and is deemed mechanically unsafe or unsound, we return it to the auction or wholesaler. This way our customers receive only the best cars available. In an effort to keep the sticker price low, we may not repair cosmetic imperfections or convenience items, but safety and mechanical concerns are always addressed and fixed, or else the vehicle wouldn’t be shown on our lots.
What Are the Benefits of 1st Place’s Vehicle Warranty?
At 1st Place, our vehicles come with a 12 month/12,000 mile powertrain warranty that pays for 100% of covered parts and labor with only $200 deductible. Visit either location for details but know that engine, transmission, starter, alternator, and AC are all covered under our warranty. So even if you do have car trouble of any kind within the first 12 months, you don’t need to worry: we’ve got you covered.
How Long Is the Initial Credit Approval Valid For?
Any customer approved in person, over the phone or online, will have their credit approval from us for 30 days. This is conditional on employment and residence status not changing. If you wait longer than 30 days to visit or purchase, we’ll just need to update your application to get you back into an approved status. Do you still have questions? Give us a call, send us an email or visit us at the contact information below. We look forward to talking with you!