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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]
Vehicle remarketing is the controlled disposal of fleet and leasing vehicles that have reached the end of their fixed term. In vehicle leasing, after the lease expires, the lessee either returns the vehicle to the supplier or buys it. The vehicles that are not purchased by the driver become an unwanted asset for the fleet or leasing company ...
You can also offer your buyers a free vehicle history report, which could help you sell your car online more quickly. Cars.com You might have heard of Cars.com , which is another large platform ...
Used car pricing reports typically produce three forms of the pricing information. 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.
BBB’s tips for buying a car online: Do not purchase a vehicle report on your own vehicle for an interested buyer. View a vehicle in-person if possible, or send someone you trust.
Auto Trader granted four months of free advertising to its retailer customers to support them during the COVID-19 pandemic. [26] [27] In 2022, Auto Trader began a partnership with the Office for National Statistics sharing its used car pricing data to power its official measures of inflation, including the Consumer Prices Index. [28]
Trade credit is an arrangement that allows a business to acquire goods or services from another business without making immediate payment. Trade credit is essentially a short-term loan without ...
Trade-in: dealer inventory that is aging or does not meet their market positioning (e.g., an old car that was traded in for a new one at a different brand of franchised dealership). Traded-in cars sometimes have after market modifications that may affect their marketability.
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