Ads
related to: augusta ga buy here pay here near me auto sales- Best of 2024 Awards
Our Top EVs, Pickups & SUVs of 2024
Tested by the Car Experts
- Shop Used Cars
Search Our Used Car Inventory &
Find Your Perfect Car at Cars.com.
- Used Cars Under $15K
Wide Selection of Affordable Cars
Search by Make and Model Near You
- Review Before You Buy
Read Over 5 Million Consumer
Reviews to Find the Perfect Car.
- Best of 2024 Awards
Search results
Results from the WOW.Com Content Network
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]
In the business, such dealers are called "Buy Here Pay Here" dealerships. These stores can make loans directly to customers because they have some means of recovering the vehicle if the customer defaults on the loan. The means by which "Buy Here Pay Here" dealers can recover a vehicle vary by state. Most dealers utilize indirect lenders.
A small number of cars are financed directly by the dealership at "Buy Here Pay Here" dealers, which cater to customers with subprime credit. Buy Here Pay Here financing accounts for 6% of the total financing market. [5]
Need help? Call us! 800-290-4726 Login / Join. Mail
For premium support please call: 800-290-4726 more ways to reach us
One of our most popular items of 2024, AOL readers have purchased thousands of these $10 surge protectors — here's why This Shark Navigator has more than 77,000 5-star reviews — and it's over 30% off
Ads
related to: augusta ga buy here pay here near me auto sales