Buy Here Pay Here car lots are often used by car shoppers who have been rejected for car loans by traditional lenders or dealerships. Auto dealers that advertise BHPH in house financing, generally grant credit from the dealership itself, not an outside finance company. Once approved, this in-house financing credit can be used to buy a vehicle from the same dealer’s current inventory.

Car payment options can be quite limited, with cash or check accepted either weekly or twice-monthly. In many cases, dealers may not accept a monthly payment like a traditional dealer.

There are some Buy Here Pay Here car lots that allow you to pay for your car via telephone or internet, but the vast majority will require that you pay the dealer directly. This means a physical visit to the dealer.

BHPH lots are usually suited for people who are experiencing financial problems because these types of car lots can give you the chance to improve your credit while simultaneously obtaining transportation methods. Keep in mind that there is a price for this and it boils down to high interest rates, high minimum down payments, and high mileage older vehicles that may not be exactly what you want or even need.

Since a lot of poor credit buyers end up becoming delinquent on their payments, some Buy Here Pay Here car lots install remote engine kill-switches to aid in repossession. This can be quite embarrassing, as you might imagine.