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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]
For example, in the state of Washington, the Department of Licensing is responsible for driver's licenses and vehicle and boat registrations in addition to most other business and occupational licensing. In Maine, Michigan, and Illinois, the Secretary of State's offices perform responsibilities that would be handled by the DMV in other states.
In 1956, the United States, Canada, and Mexico came to an agreement with the American Association of Motor Vehicle Administrators, the Automobile Manufacturers Association and the National Safety Council that standardized the size for license plates for vehicles (except those for motorcycles) at 6 inches (15 cm) in height by 12 inches (30 cm) in width, with standardized mounting holes. [3]
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The car was estimated to only be worth $10K. ‘Preying upon the most vulnerable’: Michigan mom pays $17K for a used SUV only to learn it needs $13K in repairs — why one two-word phrase means ...
Dealer invoice cost is a common benchmark for negotiating the price of a new car, but there’s no such thing as a dealer invoice price for used cars. Since dealers can get cars from a variety of ...
The National Independent Automobile Dealers Association was founded in 1946, and serves as the representative body for over 38,000 used vehicle dealers in the United States. It is the only national level non-profit organization representing the independent motor vehicle industry.
Michigan uses a unique "123X456" format for municipal vehicles (including municipal transit buses, public school buses owned and operated by the school district, and police vehicles), "123G456" for "in-transit repair" vehicles, "12D345" for dealer vehicles, "123M456" for vehicles owned by manufacturers of cars, "123T456" for transporter ...