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In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
If you're in the market for a car and your credit history is shaky or worse, you'll see plenty of dealerships with signs proclaiming "no credit, no problem," "buy here, pay here," "no credit check
For buyers with bad credit, this is a smart move because it poses a lesser risk to the lender or dealership if you can't make back your payments. This means the dealer may offer you a better ...
The court noted that this case may be the first case within which an eBay seller sued a buyer for rescission of payment after the item had been picked up in the seller's state. The court applied the minimum contacts rule outlined by Int'l Shoe as well as the purposeful availment principle from Burger King Corp. v. Rudzewicz , which aligns with ...
GM and Chrysler have nearly 10,000 dealerships between them, employing an estimated 500,000 people. [33] GM has many more, smaller dealerships spread across its eight brands than Toyota. Dealerships are protected by state laws that make them difficult to close without paying large fees.
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Car dealers have a bad reputation as shady hustlers who exist only to fast-talk suckers out of their money. The truth is, many are scrupulous business people who trade on their reputations and work...
Typical car dealership (in this case a Jeep dealer) in the U.S. selling used cars outside, new cars in the showroom, as well as a vehicle entrance to the parts and service area in the back of the building An aerial view of auto dealer's service in Kuopio, Finland Service and repair entrance Auto dealer's service and repair facility Dealer for vintage cars