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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]
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.
Ugly Duckling had two car dealers, one in Phoenix and one in Tucson, by 1992. The company bought three more dealers but added four new ones, giving them an appearance comparable to a standard dealer, rather than the unpleasant look most subprime lots had. [16] One dealer closed in 1994 because it did not live up to the new image.
After the 1992 Daytona 500, Bob Rahilly and Butch Mock split, with Bob and Dick Rahilly continuing to build engines and race cars under the name RAHMOC Racing Engines at the original Rahmoc location in Concord, NC. Butch Mock would take only the race car related assets of Rahmoc and form Butch Mock Motorsports.
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Sep. 1—Crews have recently begun to clear land at the intersection of Crile and Old Crile roads in Concord Township, where residents John Nekic and Brandon Dynes plan to build a new creamery and ...
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