Step 1: Complete Application Sign-up forms ($375/week Income Qualifies for $30k Vehicle)
Step 2: Select from a Large Selection of Car Dealerships Nationwide
Step 3: Select a Buy Here Pay Here Vehicle to drive off the car lot. Easy!
What does Buy Here Pay Here mean?
Despite being the fastest growing segment in the used car auto sales industry, there’s not an official definition for Buy Here Pay Here in the dictionary. Buy Here Pay Here (BHPH) financing means that you arrange a loan and make payments on it at the dealership. You purchase the car through what’s referred to as in-house financing versus through a third party, such as a bank.
Instead of making monthly payments to a traditional lender, you make weekly or bi-weekly payments at the dealership. Although some BHPH dealerships will accept payment by phone or online, many require that you physically bring a check or cash to their location. You therefore “buy” the used car at the dealership and “pay” on the loan at the dealership.
Who should go to a BHPH dealership?
BHPH dealerships are primarily designed for shoppers who may have experienced significant financial bumps and bruises. If your credit score is on the lower end of the scale or if you’ve had trouble getting an auto loan, a BHPH dealership should be one of the places you visit during a car search.
What are the benefits of BHPH financing?
1. Available cars, available credit
Without a doubt, the most important benefit of BHPH financing is that it gives credit-challenged people the opportunity to get much-needed transportation. In many cases, BHPH dealerships aren’t just an option—they may be the only option when someone has been turned down by traditional loan institutions. The chance to choose from available cars, make affordable monthly payments and enjoy the freedom a car offers can’t be overstated and the opportunities to improve credit.