What You Can Expect at a Buy Here Pay Here Lot


Ask automotive enthusiasts or professionals about the best place to buy a vehicle, and you may receive several different answers. Some people prefer new car dealerships but buy here pay here (BHPH) lots are quite popular as well. You get on-site financing, so you don’t deal with an outside lender. The loan may be underwritten by a financing company, but you can still receive financing even if you have bad credit and have been turned down elsewhere.

At a traditional used car dealership, you pick out a car first. A BHPH lot works differently. You will discuss financing upfront before you look at your first vehicle. Based on the types of payments you can make, the dealer will then show you what cars fit within your budget. The interest rates may be higher than from other sources. Do your homework and don’t be afraid to ask the dealer any questions you have.

The Buy Here Pay Here Experience

Buy here pay here dealers tend to be smaller than other automotive dealerships. You’ll, therefore, receive more personalized attention. The used car dealer can focus on your situation. If you don’t have much cash, they can take time to find something that works for you, as they work with fewer customers. The dealer will find a financing solution through their own in-house financing or a lending institution they work with. You’re never pressured into making tough decisions; the dealer will work together with you to help decide on the right vehicle and type of financing.

A Trustworthy Process

The laws governing BHPH dealerships are stricter than those for other car dealerships. A buy here pay here dealer must follow the Truth in Lending Act because they are also a finance company. This law requires them to disclose final sale prices and the total amount financed. Other pertinent details must be disclosed to the consumer as well. The dealer must also abide by the Fair Debt Collections Practices Act, Fair & Accurate Credit Transaction Act, and various state laws.

To finance your vehicle, you don’t have to even leave the dealership. The entire transaction takes place in-house and you can set up weekly, bi-weekly, semi-monthly, or monthly payments. You may be able to match payment dates with the day you get your paycheck from work or another source of income.

Vehicles You Can Rely On

Buy here pay here dealers are extremely consumer-friendly. The cars they offer are reliable as well. You can even receive CarFax reports for vehicles you are interested in; a vehicle history report can reveal any hidden problems or history of accidents. In addition, pre-owned cars are fully inspected and repaired as necessary before being put on the lot.

A BHPH dealer offers warranties on vehicles, including the most popular makes and models, as well. You’ll get full coverage for a specified amount of time and mileage, often with free maintenance such as oil changes. Protection in case of loss or theft may be included as well.

Buy Here Pay Here with CarWorld

CarWorld has over 30 makes in its extensive pre-owned inventory. We work with flexible lenders so can find the right payment situation for you. Whether you have bad credit, no credit, a past bankruptcy, or a prior repossession, our financing experts will work with you. Choose from high-quality Ford, Audi, Honda, Toyota, and Mercedes-Benz and BMW models. To learn more about our inventory, get approved, or trade in your vehicle, give us a call at 833-219-9951 today.

Author: CarWorld