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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]
Before settling for a loan through a buy here, pay here dealer, research alternatives. Buying a car with bad credit — a credit score between 300 and 579 — is possible, but it may be more ...
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
[citation needed] Sales fell further as consumer credit tightened and it became much harder for people with average or poor credit to obtain a bank loan to buy a car. During 2007, nearly 2 million new U.S. cars were purchased with funds from home equity loans. Such funding was considerably less available in 2008. [104]
One guy said he had credit card bills, medical bills, an empty bank account and he had lost his house -- but Crazy 88 got him a new car for $88 down and $88 per month.
During the 1920s Automobile Alley, A-Alley for short, was a popular auto row, home to more than 2/3 of the city's car dealerships for several decades in the 1900s. [ a ] Numerous national and international brands had showrooms in Automobile Alley and the district thrived as a commercial hub for the state until the decline of downtown Oklahoma ...
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