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Are you tempted to buy a used car from a buy-here/pay-here lot? You need to know how these lots are different from other used car lots and that there might be help for you if such a deal falls apart.
He ended up on a buy here, pay here lot, and was approved for a 1999 Pontiac Sunfire that he described as a “high mileage heap.” The car was $6,000, already far too much money for a Sunfire ...
But some shadier Buy Here, Pay Here places are happy to see you default on a loan you can’t possibly pay back, because they keep your down payment, repossess the car, and resell it to someone ...
Robert Siegel speaks with Ken Bensinger, business reporter for the Los Angeles Times, about used car sales lots known as "Buy Here Pay Here" dealerships. Bensinger has written a three-part ...
The term “Buy Here, Pay Here (BHPH)” refers to auto dealerships in which the financing for the vehicles purchased is done in-house.
Studies have shown that buy here pay here car dealership vehicles are older and of lower value than traditional used car dealers’ inventories, with prices averaging just over $7,000 in 2018.