You might have heard of Buy Here Pay Here, but you might not know what it means. Plenty car buyers don’t, which is a shame since Buy Here Pay Here car lots:
Interested? Here’s how Buy Here Pay Here works, along with a look at some of the most attractive benefits it can provide.
Very few of us can afford to buy a car with cash, so we borrow through third-party lenders — often banks or credit unions.
If you’ve suffered from poor credit history or no credit to speak of, such institutions may be unwilling to take a chance on you. BHPH cuts out the middle man by financing through the dealership. It’s a one-stop shopping process that can get you behind the wheel.
You’ll usually need:
That’s it. Remember: pre-owned vehicle dealers are motivated to sell their vehicles and develop an ongoing relationship with new customers — here’s a way to work that to your favor.
The most obvious benefit of BHPH financing is the freedom that comes with your own set of wheels. When you’re denied a vehicle because of your credit elsewhere, you could be left relying on public transportation. BHPH prevents that from happening.
Further benefits include:
CarHop sweetens the deal with our own set of incentives:
Don’t accept defeat if you’ve been turned down for financing in the past. Instead, take advantage of the competitive Buy Here Pay Here concept, no matter your credit history or current credit situation. Visit your closest CarHop location to find out more.
* See dealer for details.
** See dealer for copy of limited warranty.
*** AutoCheck reports are provided for informational purposes only.