What is Buy Here Pay Here?

Customers interested in purchasing a used car while letting the dealership take care of the financing should consider buying from a “Buy Here Pay Here” (BHPH) car dealership. To find out what exactly BHPH dealers do for their customers, Indy Car Financing aims to shed some light on the subject!

Buy Here Pay Here: What to Expect

BHPH dealerships specialize in selling vehicles to people who have no established credit or low credit scores. They are very helpful for drivers who absolutely need to make an automotive investment, but normally have trouble doing so due to their credit rating. By financing a loan through a Buy Here Pay Here dealer, you’ll be able to drive home in the car you need with a competitive payment plan.

Benefits of Buy Here Pay Here Dealers

No matter what your financial situation may be, BHPH car dealerships offer a convenient solution for shoppers looking to get behind the wheel of the right vehicle. Some benefits of choosing a BHPH dealer include:

• No Cosigner? No cosigner is necessary in order to receive financing for a vehicle.

• No Credit? For those who have yet to establish a credit rating, you’ll have the opportunity to build it, and if you need to improve a poor credit score through on-time loan payments, we can work out an affordable rate.

• Bankruptcy? People who have recently been discharged from bankruptcy can finance a car from a BHPH dealer.

Common Questions

The services offered by Buy Here Pay Here dealerships differ slightly from standard dealerships. Here’s a list of frequently asked questions and answers that customers are often curious about.

• Can I Trade In at a BHPH Dealer? The answer to this will vary from dealer to dealer, but typically you can. It’s a great way to give a supply a down payment, but keep in mind that the condition of your trade-in and its value are essential to getting the most for your vehicle.

• Can I Get a Warranty? While you don’t have to, it would be in your best interest to purchase a warranty from the BHPH dealer for the vehicle you’re buying.

• Do BHPH Dealers Report to Credit Bureaus? Not all of them do, so asking the dealership before making any sort of loan arrangements is in your best interest.

Consult Indy Car Financing

Whether you’re looking to receive financing from a Buy Here Pay Here dealership or automotive financial assistance in the Indianapolis area, choose Indy Car Financing! If you have any questions, contact us at 855-468-6215.

Other Finance Questions? Visit Our FAQ Library