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The transaction itself consists of a down payment plus monthly rental payments which are often due on a weekly basis. Rental contracts can range from 12 to 24 months and sometimes longer depending on the vehicle in question. At the end of the rental contract, when all car payments have been made as agreed, the renter becomes the new owner of the vehicle.
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∙ 13y ago
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Does a buy here pay here include vehicle registration?
Not usually, depends on the agreed terms. more often than not the buyer is responsible for registration of vehicle.
What can you do if a 'buy here pay here' reports your car as repossessed but you still have it?
Offer to buy it.
Can a buy here pay here car be repossessed?
Even though it is a buy here pay here dealer it is in the contract you signed. You dont pay they will take your car and you WILL have to pay the late payments on top of the repo cost before you get your car returned.
Can you return a car to a buy here pay here lot?
No
How do you get out of a buy here pay here car loan?
Go to your bank, negotiate an agreeable finance rate, pay off the buy here pay here. You will still have monthly payment but, usually at better rates without the hassle.
What are the advantages of buy here pay here financing?
Opportunities to improve credit, trade-in flexibility and available cars and credit are some of the advantages of "Buy Here Pay Here (BHPH)" financing.
What type of business is Buy Here Pay Here?
The term "Buy Here Pay Here" pertains to a particular method of running a car dealership. With this method the dealership provides the credit for the purchaser. The "Buy Here Pay Here" is geared for those with poor credit history and usually requires a high interest rate for payments.
What is buy here pay here financing?
The place where you buy the product has its own financing. They will finance the product for you.
Can you get your car back after repossession for no insurance from a buy here pay here?
no you can not sory
What is the purpose of buy here pay here dealers?
The purpose of Buy Here Pay Here by auto dealerships is to allow people who have poor credit history to still purchase a vehicle from the dealer. The interest rate tends to be higher though.
What sort of car dealer is a 'buy here pay here' one?
There are many car dealerships that offer the service "buy here, pay here". Auto Trader is one of the most popular car dealers that use this type of service with their customers.
i need to find a buy here pay here car lot?
So long as you have a job, buy here, pay here is a lousy deal. Even with the very worst credit, you can find a variety of internet lenders with a better deal than you will get from buy here, pay here. Check bankrate.com (with your credit information) for a list. Even with awful credit, you can typically get a rate of around 15-20 percent for a car.
