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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]
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In some cases, vehicles financed through a "buy-here-pay-here" car dealership—in which the consumer (generally those with poor credit) finances a car and pays the dealer directly without a bank—may require comprehensive and collision depending on the amount owed for the vehicle.
A defunct Akron car dealership agreed to pay nearly $37,000 after a settlement was reached in mid-April in a lawsuit filed by Attorney General Dave Yost. ... will pay $37,370 to the Ohio Attorney ...
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In 1983, Pay 'n Save entered the wholesale club business and opened the first Price Savers Warehouse in Salt Lake City, Utah. [3] In December 1983, Pay 'n Save acquired Schuck's Auto Supply, Inc. for about $70 million in Pay 'n Save common stock. [7] At the time, Schuck's had 58 stores in Washington, Oregon, and Idaho. [7]
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