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In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
Dealers want to make as much money as possible on a sale, so expect to be peppered with opportunities to pay for extra-cost items, some of which may be worthwhile and some that aren't.
Average used car price: $21,545 . Difference from national average: $5,746 less . Average monthly payment: $410 . Median individual income: $64,870 . Norfolk has the lowest average used car price ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
South Carolina: 25/50/25: South Dakota: 25/50/25: Tennessee: 25/50/15: Texas: 30/60/25: Yes, however financial responsibility should then be established through a surety bond or a deposit of $55,000 with the comptroller or the county judge. [40] Utah: 25/65/15: Vermont: 25/50/10: Virginia: 30/60/20: Since July 1, 2024, drivers are now required ...
New Jersey’s dollar-a-day insurance, or the Special Automobile Insurance Policy (SAIP), is a state-run program that offers low-cost car insurance to New Jersey drivers who have Medicaid with ...
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