Buy Here Pay Here Dealership
Information
buy here pay here
bhph, tote the note, we finance, on the lot
financing
These are all terms used by car dealerships
that carry their own notes, and finance their own cars.
What is "Buy Here Pay Here?"
"Buy Here Pay Here" is a phrase used when a customer
purchases and finances a vehicle through an auto
dealership. No credit history is generally required when
you get a buy here pay here
auto loan.
The loan is provided directly from the car dealer
lot. Your credit history does not matter as long as you
have an income and a down payment.
Unlike traditional lending sources, a Buy Here Pay Here
car loan is likely not to show up on your credit
report.
Often, dealers set-up weekly payment schedules
which are made directly to the dealer at the Buy Here
Pay Here car lot. But they will usualy set up a payment
term that goes along with your payday.
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