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How do buy here pay here car lots work?

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by Jackie Lohrey ; Updated July 27, 2017 Buy here pay here financing means that you apply for and make loan payments to a merchant instead of using external third party like a bank or a finance company. read more

Let's start off by explaining what a Buy-Here, Pay-Here (or BHPH) dealer is. It is a dealer who sells you the used car and then handles the financing. The loan comes directly from the dealer, typically underwritten by a financing company. read more