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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 used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
That classic new car smell comes with a hefty price tag -- especially now that the average price of a new car is nearing $50,000. Fortunately, budget-conscious shoppers can find great deals on used...
We Buy Any Car office in Asda car park at Middleton, Leeds. We Buy Any Car Limited (often stylised as webuyanycar) is a car buying service with over 500 UK [3] and 170 United States locations. [4] UK headquarters are in Hook, Hart, Hampshire, England [5] and United States headquarters are located in Media, Pennsylvania. [6]
Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly. Indirect financing is arranged by the car dealership where the car is purchased.
Prior to 1940 the term "jeep" had been used as U.S. Army slang for new recruits or vehicles, [11] [12] but the World War II "jeep" that went into production in 1941 specifically tied the name to this light military 4×4, arguably making them the oldest four-wheel drive mass-production vehicles now known as SUVs. [13]
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