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The cars are generally used, and the dealership usually charges more than the blue book value for the cars. In fact, many traditional new and used car dealerships have started to offer BHPH financing as an option. The account can be opened with a cashiers check. 3. Nowadays car dealers are also coming forward with new packages with flexible terms. They are more likely to find a buyer for your car and thus more likely to take it as part of a trade-in. The Internet doesn't provide much more clarity. Buy Here Pay Here (BHPH) financing means that you arrange a loan and make payments on it at the dealership. What does Buy Here Pay Here mean? Despite being the fastest growing segment in the auto sales industry, there's not an official definition for Buy Here Pay Here in the dictionary. What are the benefits of BHPH financing? 1. But whether you're traveling 10 mph or cruising by at 70, it's difficult to understand anything from those four words. You therefore "buy" the car at the dealership and "pay" on the loan at the dealership. But with secured auto loans you are supposed to pledge collateral against the loan and in most of the.
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