Buying a car with "Buy Here Pay Here" (BHPH) financing is a unique way to get on the road when traditional banks say no. Instead of a lender, you pay the dealership directly. What is Buy Here Pay Here? The dealer is also the lender. No middleman: No banks or credit unions involved. Credit-blind: Most dealers focus on income, not scores.
Ideal for those with bankruptcy or repossession history.
Payments often match your paydays (weekly or bi-weekly). The Pros of BHPH Quick approval: You can often drive away the same day.
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Rates are significantly higher than bank loans.
You may have to visit the lot in person to pay.