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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]
A typical franchised, new car and truck dealership in the United States Car dealership showroom. In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car ...
Sonic purchased the four AutoMatch USA used car locations in Florida and Georgia in 2016. These locations were re-branded under Sonic's EchoPark brand. [19] In October 2017, Sonic sold its Capitol Chevrolet & Hyundai franchise in Columbia, SC to the Stivers Automotive Group.
There are plenty of good reasons to purchase a used car, truck, or SUV instead of buying a new vehicle.Chief among them is being able to avoid the dreaded D-word—depreciation—but you can also ...
The price of used cars continues to climb — with the amount financed up over $7,000 since 2020. In fact, the national average amount financed for a used car in the third quarter of 2023 came to ...
“A used inexpensive car is now becoming more and more of a luxury,” Catalano said. “What the market wants right now is not available, and that’s $3,000, $4,000 and $5,000 cars.”
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