"Affordable buy here pay here" (BHPH) dealerships provide in-house financing directly to buyers, often bypassing traditional banks to offer quick approval regardless of credit history. While they offer a lifeline for those with bad or no credit, "affordability" in this market typically refers to lower entry costs (like down payments) rather than long-term savings, as interest rates can frequently exceed 20%.
: Most dealers prioritize your proof of income and residency over your credit score.
: Payments are made directly to the dealer, often on a weekly or bi-weekly schedule to match your paydays. Pros and Cons of BHPH Financing Buy Here Pay Here at Burns Chevrolet of Gaffney
: You are often shown cars based on what you qualify for rather than choosing any vehicle on the lot.
Unlike traditional dealerships that use third-party lenders, BHPH lots act as the bank themselves.