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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.
Dealer or retail price is the price expected to pay if buying from a licensed new-car or used-car dealer. Dealer trade-in price or wholesale price is the price a shopper should expect to receive from a dealer if trading in a car. This is also the price that a dealer will typically pay for a car at a dealer wholesale auction.
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
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]
FlexShopper providing LTO solutions to over 1,600 retail merchants through its partnership with Versatile Credit. Launch of enhanced application process to drive more originations through improved customer experience . FlexShopper expects to add over 100 new stores per quarter through its expanding partnership with Versatile Credit
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In fact, FlexShopper has observed an increase of more than 10% in the balance of sale when LTO options are provided to its partners. This track record is a key driver for FlexShopper’s ongoing expansion of partnerships with prominent online and brick-and-mortar retailers that want to expand sales with credit underserved consumers.
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