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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.
Crazy 88 can get a car loan for literally anyone, according to its infomercial. One guy said he had credit card bills, medical bills, an empty bank account and he had lost his house -- but Crazy ...
Further, the volume of cars sold in the U.S. was significantly tied to home equity lines of credit, with 24% of sales financed this way in 2006. [10] When the availability of these loans suddenly dried up in 2008 due to the subprime mortgage crisis , vehicle sales declined dramatically, from 17 million in 2006 to 10.6 million in 2009.
Kendall was facing first degree murder and other charges, according to The Detroit News. Kendall's cause of death was hanging, according to The Detroit News. Jail or Agency: Wayne County; State: Michigan; Date arrested or booked: 4/7/2016; Date of death: 4/20/2016; Age at death: 24; Sources: www.detroitnews.com
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