The Easiest Way to Own A Car
Your Houston Used Car Dealership
At 500 Below, we’re reinventing the car buying process. Instead of worrying about your credit score or calculating monthly payments based on estimated interest rates and loan terms to figure out how much you can afford, 500 Below Cars offers you a simple, transparent, and easy way to get into a car that you love. If you know much you can afford each month, you can choose from any number of cars on our lot at that price point – it’s that easy! Best of all, we provide flexible financing and have the flexibility to work with you to get you in a great car at a reasonable price.
Frequently Asked Questions
We treat you with the respect, transparency and service levels that you deserve. We also don’t care if you have No Credit, Bad Credit, or just Misunderstood Credit. Quite simply, at 500 Below we bring dignity to the Buy Here, Pay Here process. While other dealerships might not treat you the way that you deserve, at 500 Below, we approach every guest with integrity, honesty, and respect.
Buy Here, Pay Here dealerships are different than traditional dealerships primarily because we provide our own in-house financing. This means that we can also offer easier approval for people who can’t qualify for a traditional bank or finance company loan because of credit history, low credit score, income, job stability, etc. In other words, a Buy Here, Pay Here dealership serves those customers who need a car, but can’t qualify for a traditional loan.
Just because another dealership has turned you down, that doesn’t mean that 500 Below can’t get you the car that you need. We look at your current situation and future ability to pay as much as your history, so there’s a really good chance that we can get you approved today.
All of our cars at 500 Below have a 12-month unlimited mile warranty. They have all also gone through our 80 point inspection and come with a complete Carfax report. You can feel confident in the car that you select from 500 Below.
No! None of the cars that we sell at 500 Below are salvaged titles, and all the cars come with a complete Carfax report so that you can see their full history.
Unfortunately, some auto dealerships sell cars with salvaged titles or previous extensive damage. At 500 Below we sell only clean titled vehicles and provide a Carfax report so that you know the full history of your new vehicle. If you don’t get a Carfax with your used car somewhere else, there’s really no way for you to know the history of that car before you buy it.
All of our cars at 500 Below go through an extensive 80 point inspection. We make every effort to fix any issues that we can before adding a car to our inventory to sell in our dealership. As with any used car, there may be minor issues, but you can rest assured that we will always strive to provide you with a safe, clean, reliable car at 500 Below. We also add a 12-month unlimited mile warranty to every car – so if something does happen, you’re covered.
Most of our customers at 500 Below make their payments at one of our convenient, local dealerships, or over the phone. We are working on future updates that will allow you to pay from home, work, even from your phone!
300 A MONTH
Payment calculated with 1000 down, on a 38.5-month term, using a 22.5% calculated apr.
400 A MONTH
Payment calculated with 1250 down, on a 38.5-month term, using a 22.5% calculated apr.
500 A MONTH
Payment calculated with 1500 down, on a 38.5-month term, using a 22.5% calculated apr..
Then just make your easy payments, and that’s all you need to do.
You don’t need an appointment, but in order to maximize your time and ensure that we have the appropriate cars for you to look at, we do encourage you to make one. Simply call your local 500 Below dealership and ask to speak to an available Loan Specialists and we’ll get an appointment set for you. Then just bring your necessary documents and you’re all set.
Each person’s situation is unique to them, so you may need to bring additional documents with you, but at minimum we recommend bringing the following with you to the dealership:
- Driver’s license, State I.D. or Passport
- Proof of automobile insurance (If you don’t have it yet, we can help!)
- Proof of residence like a utility bill, etc (If you don’t have this, call us – we may have a solution.)
- Proof of employment and income like paycheck stubs or bank statements. (If you have something different, call us – we may have a solution.)
- Social Security number or TIN
- 5 complete references (At least three relatives.)
At 500 Below, our pricing is simple. Everything on our lot (excluding our Classics section) is a $500 payment or less. You simply Pick your Payment, then Pick your Car…it’s that easy! You can also lower your monthly payments by making a larger down payment.
We love trade-ins, and can give you a value on your trade-in in less than 10 minutes. Bring your car in and we’ll review it. We will then make you a fair offer that is good for up to 7 days. And who knows, maybe we’ll buy your car, even if you don’t buy ours!
At 500 Below, we are so convinced that you will love the car that you buy here, that we offer a 5 day, 500 mile full money-back guarantee. Not only can you exchange your car, but you can actually get your money back on it! And even better, at any time after the first year of ownership, bring your car back in to 500 Below and you can exchange it for any other car on the lot in the same price category (new down payment and TTL applicable, see a Loan Specialist for further details).
No Credit, Bad Credit or just Misunderstood Credit – we can get you approved! While other car dealerships might categorize you as No Credit or Bad Credit, at 500 Below we understand that you really just have Misunderstood Credit. We will work with you to get you the car that you need, and the payments that you can afford.
We encourage all of our customers to fill out our pre-approval application online by clicking here. Please note that pre-approval does not provide any guarantees and all applications are subject to additional verification.
Absolutely! While other car dealerships might categorize you as No Credit or Bad Credit, at 500 Below we understand that you really just have Misunderstood Credit. We will work with you to get you the car that you need, and the payments that you can afford.
At 500 Below, you need to be at least 21 years old (or 18 with co-buyer) and able to obtain full coverage insurance to purchase a car from us.
Most of the cars at 500 Below come from dealerships and auctions around the country where traditional new and used car dealers sell their inventory in large quantities. Some of the cars that we sell at 500 Below also come from you, our amazing customers, as trade-ins.