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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]
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Best Buy and Old Navy were both added in mid-2004, [9] with the former supplanting a former Ruby Tuesday restaurant. [10] K's Merchandise closed on November 7, 2006, with the chain's bankruptcy. The K's items were then liquidated by HPG Enterprises, [11] which was closed only one month later after a judge forced it to close due to deceptive ...
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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.
The Jackson Purchase, also known as the Purchase Region or simply the Purchase, is a region in the U.S. state of Kentucky bounded by the Mississippi River to the west, the Ohio River to the north, and the Tennessee River to the east.