Financing for BHPH Vehicles
A recent article in Used Car News discussed how Glenview Finance, a company that provides various services for the “buy-here pay-here (BHPH)” dealer market, launched a Credit Builder program. Glenview is apparently extending financing to motorists with a 500 FICO credit score, six-months of documented employment, and a reasonable down payment.
The “buy-here pay here” vehicle market is generally a last resort option for those with poor credit. Dealers using this model often install location tracking devices for assisting with repossession efforts and install “kill switches” that immobilize the vehicles of drivers that miss their car payments.
Hmm… Two questions come to mind when digesting this concept.
- Isn’t the primary distinction associated with the BHPH auto dealership model offering “in-house” financing? Specifically, I thought that generating income through excessively high interest rates was the key, with all other factors remaining as secondary concerns.
- Doesn’t using a third-party lender eliminate another the inherent operational benefits of dealing in “cash”? i.e., limiting credit or debit card transaction fees and taxes.
How to Sell a Car for Scrap in Macedonia?
The greater Cleveland area has a variety of places that buy scrap cars for cash. Green companies like ours benefit the local environment and also promote green jobs. Many scrap auto recyclers like our team use systems and procedures that are friendly to the atmosphere.
Who Buys Scrap Cars in Chardon?
You can try Google searches for scrap car buyers in Geauga County. Options should appear for same-day vehicle removal.
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Who Provides Scrap Vehicle Pickup Near Me?
The local team of professionals with Cleveland Scrap Cars is available Monday through Saturday. Simply make the call to (216) 282-5865 (JUNK) today.