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Nowadays car dealers are also coming forward with new packages with flexible terms. Auto loans like all other loans available in market come in two forms - secured and unsecured. What's the difference between a BHPH dealership and a traditional dealership? Depending on the dealerships you visit, very little. Trade-in flexibility BHPH dealerships tend to be more forgiving when it comes to accepting trade-ins on older model cars. The best way to get a good deal is to shop around and compare the various rates available from different vendors. The key difference between a traditional dealership and one that strictly specializes in BHPH financing lies in the shopping experience. High Interest Rates Even though you have bad or no credit, you should still be able to get a decent interest rate. This article explains some of the things to watch out for when seeking a bad credit or no credit car loan: Buy-Here-Pay-Here Car Lots Buy-here-pay-here car lots can seem appealing when you’re struggling to get approved for a car loan. By working on fixing bad credit after bankruptcy. Shop around before signing any contract. Another part of fixing bad credit after bankruptcy involves having a stable work history.


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