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You purchase the car through what's referred to as in-house financing versus through a third party, such as a bank. What's the difference between a BHPH dealership and a traditional dealership? Depending on the dealerships you visit, very little. If you consistently make payments on a BHPH car loan, many dealers will report that positive behavior to the credit reporting agencies. Despite recent headlines about the US credit-crunch, getting car credit is easier than you think. 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. Instead of making monthly payments to a traditional lender, you make weekly or bi-weekly payments at the dealership. If your credit score is on the lower end of the scale or if you've had trouble getting an auto loan, a BHPH dealership should be one of the places you visit during a car search. Using in store credit cards and paying them regularly will work too. You will get a chance to go through quotes from different lenders and select the most suitable for you. One of these things.
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