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What links here; Related changes ... 1943, in Los Angeles, California, [3] the son of a Los Angeles car dealer. ... Westlake Financial agreed to pay more than ...
Calvin Coolidge Worthington (November 27, 1920 – September 8, 2013) was an American car dealer, best known in Southern California and other locations along the West Coast of the United States for his offbeat radio and television advertisements for his Worthington Dealership Group, a car dealership chain that covered the western and southwestern U.S. at its peak, and later for his minor ...
He was employed as a parts manager at a Ford dealership. He opened his own dealership in 1945, which became known as Holmes Tuttle, Inc. The business was a resounding success and evolved into fourteen dealerships in California and Arizona. [1] One of his first dealerships was located in Los Angeles.
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]
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The dealer has the option of marking up the interest rate of the contract and retaining a portion of that markup. For example, a bank may give a wholesale money rate of 6.75% and the dealer may give the consumer an interest rate of 7.75%. The bank would then pay the dealer the difference or a portion thereof.
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