Buy Here Pay Here > What Is BHPH

What Is Buy Here Pay Here

Buy Here Pay here refers to when a vehicle is sold to a consumer under an agreement with the lender. Buy here pay here is a form of in house financing, a loan from the dealership. Buy Here Pay Here financing allows you to purchase a vehicle with bad credit. The buyer pays the dealership directly instead of paying a bank or a finance service company. The dealerships extend credit to purchasers of automobiles.

What You'll Need To Get Financed

When trying to acquire a buy here pay here auto loan, there are just a few things that you will need:

  • Valid Photo ID
  • Proof of Income
  • Proof of Residency
  • Letters of recommendation

The most important item that you will need is to provide proof of your income. With buy here pay here financing, dealerships use your source of income as if it was your credit score. Lenders typically will not need to check your credit score when getting approved for a buy here pay here auto loan.

Buy Here Pay Here Warranties

When purchasing a buy here pay here vehicle, a warranty may be available to you. It is highly recommended to acquire or purchase a bad credit car finance warranty. When purchasing a vehicle, you want to make sure that you’re covered for anything. A warranty for your vehicle is typically included in the price of the vehicle or you may be able to purchase an additional warranty package for additional costs.

A vehicle service contract or agreement covers similar components that a warranty covers and occasionally can offer additional coverage. Vehicle service contracts are available at additional costs to the purchase price.

These are things to consider when purchasing a car with bad credit. Buy here pay here can help you get approved, start by filling out our easy buy here pay here financing application.

Request an auto loan with no obligations and no fees

Save time when shopping for a car by finding financing first.