If you have bad credit, or are having financial issues in general, dealers who provide “buy here pay here” financing can offer flexible plans to help people. Knowing the details of BHPH lending will allow you to make an informed decision about your purchase.
You should first look into the different payment methods that most buy here, pay here stores near you offer – get the facts!
BHPH’s financing is simple, which makes it a great option. BHPH offers in-house finance, instead of using a different financial institution. The convenience of this allows you to settle all the details regarding the vehicle purchase as well as the financing in one place.
BHPH offers variable payments instead of monthly ones, like weekly or biweekly. It is possible to match your payments with the frequency of your paycheck, especially if your income comes in weekly or twice a week.
BHPH dealerships have less strict down payment requirements than most traditional lenders. BHPH dealerships often provide more flexible financing options than the traditional lenders. It may benefit you if your budget is tight or if there are other restrictions on finances.
You should also consider the costs of this flexible approach. BHPH finance may charge higher interest rates due to its higher level of risk. Compare interest rates to other options for financing and make sure that you get the best deal.
At BHPH, the repayment schedule is often designed to fit your budget. The dealerships will often create a payment schedule to fit your budget and income.