The phrase identifies businesses that specialize in automobile sales to individuals with a history of poor credit scores, focusing on dealerships geographically convenient to the potential buyer. These businesses typically offer financing options tailored to individuals who may not qualify for traditional auto loans due to factors such as late payments, defaults, or bankruptcies. As an example, a consumer with a credit score below 600 might search for such dealerships to obtain a vehicle necessary for transportation to work.
The availability of dealerships catering to this specific market segment is significant for several reasons. It provides access to transportation for individuals who may otherwise be unable to obtain it, enabling them to maintain employment and fulfill other essential needs. Historically, securing vehicle financing with a low credit score has been challenging, often requiring substantial down payments or high interest rates. These specialized dealerships aim to bridge this gap, although it is essential to acknowledge that their loan terms may still be less favorable compared to those offered to individuals with good credit.
