The dealership lends you its own money to buy a car from its own inventory. Because the dealer takes on 100% of the risk, the buying process is flipped upside down:
While average used car rates hover in the single or low double digits, BHPH interest rates routinely soar to 20% to 29% , or the legal maximum in your state. buy here pay here used car lots
You can typically secure financing, pick a car, and drive off the lot on the same day. The dealership lends you its own money to
BHPH dealers often mark up older, high-mileage used cars far beyond their actual market value. pick a car