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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
Examples of legal straw purchases would be purchasing groceries for senior citizens who are unable to go to supermarkets themselves because of poor health or financing an automobile for someone who cannot obtain a loan because of poor credit. In some cases, the agent in the straw purchase may receive money or recompense from the ultimate possessor.
If you have a low credit score but need a car to get around, the good news is there are still a lot of options. However, there are some makes and models that are definitely to be avoided if your...
Yenko Chevrolet was a Chevrolet dealership located at 575 West Pike Street in Canonsburg, Pennsylvania. Operating from 1949 to 1982, the dealership is best known for selling customized sports cars during the late 1960s. Referred to presently as "Yenkos," they are among the most collectible 1960s vehicles.
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On average, a CarMax location employs 40 sales associates. Each car goes through a thorough 125-point inspection process, beyond any state-required inspections, and includes a 90-day warranty, three days to change the financing for free, and, 10-day money-back guarantee (reduced in 2024 from a 30-day money-back guarantee). [10] [11]
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