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The key difference between a traditional dealership and one that strictly specializes in BHPH financing lies in the shopping experience. 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 longer it has been since bankruptcy, the more likely you are to have a better credit rating. Make sure you ask the dealership if reporting is a policy they follow. You therefore "buy" the car at the dealership and "pay" on the loan at the dealership. Who should go to a BHPH dealership? BHPH dealerships are primarily designed for shoppers who may have experienced significant financial bumps and bruises. Make sure to know what interest rates other companies are willing to give you before choosing one lender, even if that lender swears that you won’t find a better interest rate. After checking out your credit score, search for a trusting car finance specialist that deals specifically with these types of bad credit auto loans. After you've seen a few models, asked a host of car questions and possibly test driven one, the dealer will help you explore payment options. The Internet doesn't.
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