What is "Buy Here Pay Here"? The true "Buy Here/Pay Here" (BHPH) dealership finances directly the vechicles they have to offer for sale. Your loan, if approved will be serviced until paid in full by the dealer. Each BHPH Dealer is going to vary a little with their terms and conditions but most will structure a payment plan that matches your payday. This can generally be either weekly, bi-weekly or semi-monthly. Traditional BHPH Dealers will also use expressions like "In House Financing", "We Tote The Note", "Everyone Rides", "No One Refused Credit", "Guaranteed Credit Approval", "No Credit-Bad Credit", "New in Town?" or some combination of these terms.

Why use a "Buy Here Pay Here Dealership"? Many people have suffered financial setbacks for either loss of employment, health related issues, or a variety of other personal reasons. Additionally, for the individual that has never established prior credit, all these conditions can lead to refusal from traditional lenders linke Banks, Credit Unions or Automotive Finance Companies. The BHPH Dealer is going to weigh factors from a different perspective. Most BHPH dealers understand that decent hardworking people just need an opportunity or a second chance to get their credit repaired or established.