What is Buy Here Pay Here?
What is Buy Here Pay Here?
Buy Here Pay Here is known by many names. Some people refer to it as “in house car financing”, “tote the note car dealerships”, or “BHPH”. No matter what you call it, buy here pay here is a type of car lot that finances their vehicles. Instead of making your car payment to a finance company, you pay the dealer directly. The payment schedule is normally monthly, biweekly or weekly and is usually made in person at the dealership. The car lot holds the title to the car, until you have paid for it completely. If you need to buy a car with bad credit, there are better alternatives.