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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]
Captives have a smaller share of the overall car financing market (new and used cars), along with banks, credit unions, and finance companies. A small number of cars are financed directly by the dealership at "Buy Here Pay Here" dealers, which cater to customers with subprime credit. Buy Here Pay Here financing accounts for 6% of the total ...
Casa de Cadillac opened in 1950 at 14401 Ventura Boulevard and has operated continuously in the same facility since that time. The dealership originally opened in 1949 as Don Lee Motors which was part of the Don Lee organization that operated Cadillac dealerships throughout the state of California, including major cities such as Fresno, Sacramento, Oakland, San Francisco, Pasadena, and Los ...
In February 1962, full-size Mercury cars were discontinued at Pico Rivera/Los Angeles replaced by the compact Comets, while full-size Ford cars continued to be assembled on the same assembly lines. In 1963 both Ford Falcon compacts and full-size Fords were assembled at Los Angeles in addition to Mercury Comets. For 1964 and 1965, Pico Rivera ...
A typical franchised, new car and truck dealership in the United States Car dealership showroom. In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car ...
On site at the main garage is an extensive array of customized cars which can be bought direct from the garage. GAS's work could also be seen on the 2008-2009 television show Knight Rider . They were asked to create the star of the show, a new version of the 2008 Ford Mustang called the GT500KR .
These "branch" plants built cars for distribution to a specific region, in South Gate's case the US West Coast. [3] By 1949 it was producing full-size cars from the Pontiac, Oldsmobile, and Buick brands. During the mid-1950s it was General Motors' highest-output plant. Vehicles included the Oldsmobile 98, Pontiac Streamliner, and the Buick Special.
It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending. [7] DriveTime buys 150,000 cars annually at various auctions. [8] After auction, the company puts the purchased cars through a 14-day inspection at one of its 24 inspection centers.
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related to: los angeles classic car dealership near me buy here pay here auto dealers in st louis mo