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At a BHPH dealership, the process is usually reversed. What does Buy Here Pay Here mean? Despite being the fastest growing segment in the auto sales industry, there's not an official definition for Buy Here Pay Here in the dictionary. High Pre-Payment Penalties Predatory lenders like to include things in their contracts that make it nearly impossible for you to refinance your loan. 2. In fact, many traditional new and used car dealerships have started to offer BHPH financing as an option. Fix Bad Credit After Bankruptcy Declaring bankruptcy is not the end of the road for your financial future. Regardless of your past credit history, there are several car credit specialists able to provide you with no-obligation quotes from dealers in your area. You therefore "buy" the car at the dealership and "pay" on the loan at the dealership. In many cases, BHPH dealerships aren't just an option—they may be the only option when.
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