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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 2009, Hertz Global Holdings made an initial offer to purchase the Tulsa-based car rental company for $41 per share. [27] By April 2010, negotiations had led Hertz to an offer of US$1.27 billion, which was increased to US$1.5 billion, but was rejected a third time by Dollar Thrifty shareholders.
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Miss Belvedere is a 1957 Plymouth Belvedere that was sealed in an underground vault on the grounds of the Tulsa city courthouse on June 15, 1957, as a 50-year time capsule: [1] [2] a "product of American industrial ingenuity with the kind of lasting appeal that will still be in style 50 years [later]."
Otasco (Oklahoma Tire and Supply Company) was a retail chain specializing in auto parts and appliances based in Tulsa, Oklahoma. [1]It was first established in 1918 by three Jewish Lithuanian immigrant brothers, Sam (1898–1939), Maurice (1891–1970), [2] and Herman (1889–1971) [3] Sanditen, who opened the first Otasco store in Okmulgee.
In some cases, vehicles financed through a "buy-here-pay-here" car dealership—in which the consumer (generally those with poor credit) finances a car and pays the dealer directly without a bank—may require comprehensive and collision depending on the amount owed for the vehicle.
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