Buyer Resources

What does "Buy Here Pay Here" mean? (Auto Trader Definition)

Buy Here Pay Here (BHPH) financing means that you arrange a loan and make payments on it at the dealership. You purchase the car through what's referred to as in-house financing versus through a third party, such as a bank.

Instead of making monthly payments to a traditional lender, you make weekly or bi-weekly payments at the dealership. Although some BHPH dealerships will accept payment by phone or online, many require that you physically bring a check or cash to their location. You therefore "buy" the car at the dealership and "pay" on the loan at the dealership.

What makes BHPH different at Auto Image Auto Sales

1. We offer a true BHPH we don't mark your cars up so we can sell the paper to overpriced high risk corporations, we are your local bank.
2. We use fare market pricing; many of our vehicles are thousands of dollars less than our BHPH competitors. We buy right and pass the savings onto you.
3. Every vehicle on our lot is available for BHPH financing not just a few cars on the back line like other dealers.
4. We do not charge origination fees or early payoff penalties, if you pay early you save.
5. We do not charge for credit card transactions, we are glad to take payments over the phone by mail or in person at the lot.
6. No credit or bad credit NO PROBLEM we sit down with you and discuss your down payment and your budget to find a vehicle and payment that works for you.
7. We offer flexibility on down payments.
8. We love trade-ins and will use them toward your down payment.
9. With us you always get service after the sale.
10. We have Interest rates much lower than industry averages.