Car Buying Tips

A lot of people with credit problems can still get a car via a buy here pay here dealership or BHPH for short. Community Auto Credit has connections with a lot of different buy here pay here dealerships. Apply now and we will connect you with the best resource in your area.

Understanding Buy Here Pay Here: Buy here pay here dealerships generally deal with used cars. At a buy here pay here dealership the dealer, not a third party finance company or bank, provides credit to the buyer. They require a down payment and normally have a fixed number of payments. They often do not have normal loans, instead the customer agrees to pay a specific amount for a specific number of months. Understand that with most buy here pay here dealerships that you cannot pay the loan off early to reduce the interest rate.

Paperwork: If you have your paperwork ready for the loan it will help things move along a lot faster. Here are common elements need to get a loan. Specific dealers may have different requirements.

* Proof of income (such as pay stubs, social security documentation, or pension documentation)
* Proof of insurance
* Proof of residence (a recent utility bill, lease, or mortgage)
* Current driver’s license
* Name, address, and telephone numbers for at least 2 references

Other Names: Here are some other names or terms or abbreviations that buy here pay here dealerships call themselves.

* BHPH
* Special Financing
* Dealer Financing
* In House Financing
* Note Lot
* Tote the Note