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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]
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.
Honda Marysville Auto Plant (MAP) is a Honda manufacturing facility located approximately six miles northwest of Marysville, Ohio, and 42 miles northwest of Columbus, Ohio, near the intersection of US 33 and State Route 739. It is one of the most integrated and flexible auto plants in North America.
Try to avoid buy-here, pay-here lots. Some dealerships will refuse to sell you a vehicle if you have bad credit. These buyers are buy-here, pay-here lots’ target audience. Many such lots ...
Typical car dealership (in this case a Jeep dealer) in the U.S. selling used cars outside, new cars in the showroom, as well as a vehicle entrance to the parts and service area in the back of the building An aerial view of auto dealer's service in Kuopio, Finland Service and repair entrance Auto dealer's service and repair facility Dealer for vintage cars
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