Buy Here Pay Here Alternative
A Better Option Than Buy Here Pay Here
Compare the cost
Where the Money Goes
Buy here pay here lots say yes when a bank says no. That can feel like the only option. But the price, the rate and the length of the loan add up fast.
| UpSHIFT | Buy here pay here | |
|---|---|---|
| Price you pay | $5,100 (85% of value) | $12,000 (200% of value) |
| Interest rate | 12% | 24% |
| Loan term | 36 months | 60 months |
| Monthly payment | $169.39 | $345.22 |
| Interest paid | $998.15 | $8,712.94 |
| Total paid | $6,098 | $20,713 |
Example based on a $6,000 vehicle. Figures from SHIFT Garage's research using South Dakota interest rates and buy here pay here deals shared by our customers.
Why the gap is so big
In this example, the buy here pay here lot sells the car for about twice its value, charges 24% interest, and stretches the loan to 60 months. The payment looks doable. The total is not.
How UpSHIFT is different
We price our cars around 85% of market value. We work with local lenders to find reasonable rates and shorter terms, so you own your car sooner and pay far less interest.
Anyone can buy
UpSHIFT is open to everyone. You don’t have to qualify for a program. And every sale helps us fix up more cars for families who need them.
Want the details first? See how UpSHIFT works.
See What We Have Right Now
Shops in Sioux Falls and Rapid City. No pressure, just a fair deal.