A dealership is a type of car lot that provides in-house financing for used vehicles. Unlike traditional dealerships that send your loan application to third-party lenders like banks or credit unions, a BHPH dealer acts as both the seller and the lender . How It Works
: Many dealers install GPS trackers or "kill switches" (starter interrupt devices) to facilitate easier repossession if a payment is missed. Pros and Cons buy here pay here car dealership
: They frequently advertise "no credit check" or "guaranteed approval," catering primarily to buyers with poor or limited credit history. A dealership is a type of car lot