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In 2007, Ward's Dealer Business recognized the Herb Chambers Companies as the 7th most active auto group based on Internet Sales Volume. [25] The National Automobile Dealers Association (NADA) nominated Herb Chambers Companies as the Massachusetts' nominee for the 2008 Time Magazine Dealer of the Year award.
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]
Chambers started his automotive business after purchasing an Oldsmobile-Cadillac dealership in New London, Connecticut in 1985. His decision to purchase the business was based on his own poor buying experience at the dealership. [5] As Chambers improved the operations of this first car dealership, he started the Herb Chambers Companies.
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Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs. The company operates two programs: the "Portfolio Program" and the "Purchase ...
4. Don't Pay More Than $500 Over Invoice. You can offer a car dealer anywhere from $100 to $500 over a new car invoice price and still walk away with a great deal, according to InsiderCarSecrets ...
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