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Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, it was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. [3]
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]
Spot delivery (or spot financing) is a term used in the automobile industry that means delivering a vehicle to a buyer prior to financing on the vehicle being completed. [1] Spot delivery is used by dealerships on the weekend or after bank hours to be able to deliver a vehicle when a final approval cannot be received from a bank. [ 1 ]
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A British cash on delivery registered letter from 1940s London showing 4s 7d due on delivery. Cash on delivery (COD), sometimes called payment on delivery, [1] cash on demand, payment on demand or collect on delivery [2] is the sale of goods by mail order where payment is made on delivery rather than in advance. If the goods are not paid for ...
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