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Despite recent headlines about the US credit-crunch, getting car credit is easier than you think. We've gathered the most relevant information about the Buy Here Pay Here experience, a financing model that could offer the car you want at the price you need? Right here. Buy Here Pay Here (BHPH) financing means that you arrange a loan and make payments on it at the dealership. The account can be opened with a cashiers check. The average search for the phrase "Buy Here Pay Here" brings back more than 40 million results, each one saying something slightly different than the next. So, regardless of your previous credit history, with enough tenacity and research you should be able to get car credit on a vehicle within your budget and may even end up re-establishing your credit rating in the process. In many cases, BHPH dealerships aren't just an option—they may be the only option when someone has been turned down by traditional loan institutions. Remember that, as the interest rates are higher than a normal loan, the corresponding monthly payments will be higher also, so aim for a model of car that you can make the payments on.
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