What Is BHPH, And Why Should You Care?

Posted Friday, Jul 14, 2023

Buying a used car is a major decision, which requires one to compare the options in not just the type of vehicle they require but also auto financing. The BHPH model is one that many people are unfamiliar with. Under the Buy Here, Pay Here model, the used car dealership assumes the responsibility of the third-party lender when it comes to collecting monthly loan repayments. The advantages of choosing a BHPH dealership whenever you decide to buy a used car far outweigh the obstacles, which is why the popularity of the BHPH dealership model is consistently growing.

Financing Through BHPH Dealerships

Opting for auto finance through a buy here pay here used car dealership is a smart option for many reasons. This is mainly because the BHPH dealerships are more likely to help the customer secure better financing options regardless of their credit score. For those of you who are still on the fence about whether or not to use BHPH dealerships, here are some of the major benefits of these dealerships.

1.     Fast Processing

Since BHPH used car dealerships do not depend on traditional auto loan providers for approval, processing loan applications is a lot smoother. The BHPH dealerships use internal approval criteria that not only help customers get auto loans at some of the best rates but can also streamline the entire process.

This means you do not have to wait too long to drive off the used car dealership with your car. Since BHPH used car dealerships do not factor in the credit score of the customer when it comes to approving their auto loan, this is, by far, the best option for those individuals who either have a low credit score or have no credit score.

2.     Get Loan Terms that Are Flexible

BHPH used car dealerships are not constrained or limited due to third-party lenders. This means that they are able to provide customers with more personalized service when it comes to auto loans. Not only can you find a used car loan at an affordable APR and lower payments, but you can also get to decide on other important areas of an auto loan, such as the repayment duration.

When going to a BHPH used car dealership, the customer can benefit by choosing a longer loan term that further reduces the interest rate of the auto loan. The availability of options when it comes to loan repayment duration means that the customer knows exactly what to expect in terms of their monthly payments for the loan.

3.     Lower Down Payment

Another major benefit that many used car buyers aren't aware of is that going with a BHPH used car dealership can also result in low down payments. Buy here pay here used car dealerships only require a small amount as a down payment, regardless of the type of vehicle you choose. This is great news, especially for those customers who are not able to save up large sums just to make the down payment for a car. The significantly lower down payment means you do not have to pay an arm and a leg upfront when it's time to purchase a car.

BHPH Services Are Simple

BHPH used car dealerships offer a one-stop-shop for those customers who are looking to buy a used car on a budget and with repayment options that are manageable. Once you enter into a BHPH used car dealership, the sales rep will go through the entire process with you, from choosing the pre-owned vehicle of your choice to identifying the loan options and repayment plans that best fit your requirements and your financial situation. One of the reasons why buy here pay here auto dealerships are growing in popularity amongst a large market segment is because of the simplicity and efficiency that they bring to the entire process.

Thanks to BHPH dealerships, potential buyers no longer have to wait for days or weeks just to buy a used car, and nor do they have to agree to the steep conditions that are laid out by predatory banks and other third-party lenders. Easy terms and conditions and flexible repayment options make BHPH car dealerships a no-brainer for many cash-strapped customers.

·      Safe and Secure

Buy here, pay here used car dealerships offer auto financing options directly without needing any third-party auto lender. This means you do not have to rely on any third-party lender when it comes to getting an auto loan. This type of in-house auto financing ensures that customers are kept safe from the high-interest rates offered by banks and lending institutions.

·      Do Your Due Diligence

While we have already established the many advantages that are offered by a buy here pay here used car dealership, it is still important for customers to do their due diligence when purchasing a used car from a dealership or online. It pays to take some time out from your busy schedule to do some research on all of the best-used car models that are worth investing in, along with finding reputable buy here pay here used car dealerships that are customer-centric and will help you find the right auto financing option that suits your budget.


For those individuals who have bad credit or no credit, BHPH dealerships are a great option to find some of the best pre-owned vehicles in town without needing a high credit score. Since Buy Here Pay Here dealerships are required to follow stricter rules and regulations as compared to regular used car dealerships, you can rest assured that you are going to get a good deal whenever you choose a BHPH dealership. You can find out more about the process and benefits of using BHPH dealership services at Marciano Auto Group.