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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]
The Subaru WRX is an all-wheel drive sport compact car manufactured by the Japanese automaker Subaru, originally based on the Impreza created for the World Rally Championship in 1992. [1] Subaru claimed the name WRX stands for "World Rally eXperimental". [ 2 ]
Buy here, pay here financing is an attractive solution for those looking to purchase a car with lower credit scores. Find out what you need to know about buy here, pay here dealerships.
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.
A manual WRX Limited starts at $39,015, an automatic GT (with the nice Recaros) starts at $44,215, and the TR gets by at $41,655. That is a big step up from a base manual WRX at $32,735, but I don ...
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