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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]
Captives have a smaller share of the overall car financing market (new and used cars), along with banks, credit unions, and finance companies. A small number of cars are financed directly by the dealership at "Buy Here Pay Here" dealers, which cater to customers with subprime credit. Buy Here Pay Here financing accounts for 6% of the total ...
The number of car dealerships in the US peaked in 1927 at 53,125 and steadily decreased over the next decades. By 1960, there were 33, 658 dealerships; by 1980, 23,379; and by 2001, 22,007. [1] Car dealerships are usually franchised to sell and service vehicles by specific companies.
Black Horse Motors owner Phil Dimos talks about two classic cars for sale in the showroom in Jackson Township. An orange 1975 Cadillac Coup DeVille – previously owned by Blink-182 drummer Travis ...
In 1979, the Cerritos Redevelopment Agency began work on the improvement of Studebaker Road, and in October of that year, S & J Chevrolet broke ground for the first auto dealership in the Cerritos Auto Square, directly west of Interstate 605 and the Los Cerritos Center, between 183rd and South streets.
In February 1962, full-size Mercury cars were discontinued at Pico Rivera/Los Angeles replaced by the compact Comets, while full-size Ford cars continued to be assembled on the same assembly lines. In 1963 both Ford Falcon compacts and full-size Fords were assembled at Los Angeles in addition to Mercury Comets. For 1964 and 1965, Pico Rivera ...
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