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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