The Buy Here Pay Here ABCs


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A lot of people, especially in today’s economy, are turning to Buy Here Pay Here dealerships because they can get easier financing with less hassle with sales people, and generally just need a dependable car or truck that will run well to get from work to home. There is a lot of confusion out there on the difference between BHPH and new car dealers so here are some Buy Here Pay Here basics.

What is “Buy Here, Pay Here Financing”?

Getting financed at a BHPH dealership means that you are arranging a loan through you and the Buy Here Pay Here car dealership. You make payments at the car lot where you purchased the vehicle. Basically, it is referred to as “In-House Financing” versus getting financed at a bank through a new car dealership.

For example, at Regal Car Sales, we may set you up on a weekly or bi-weekly payment plan instead of the traditional month-to-month plan.

Benefits of Shopping At Regal Car Sales Buy Here Pay Here Car Dealerships

  • Building credit is a huge concern to most of our customers. A lot of times, credit is the reason they come to us. They often can’t get financed from a traditional car dealership. Life happens, that is why we are here. We report to credit bureaus just like car dealerships, because the ultimate goal is to get you back on your feet financially.
  • Getting financed is much easier at Buy Here Pay Here dealerships. It helps our customers get that much needed vehicle instead of all the hassle of banks and new car dealership incentives. Usually the process of buying a car at Regal is less than an hour.

What’s the Difference Between “Buy Here Pay Here” Dealerships and Traditional New Car Dealerships

When you visit a Regal Car Sales and Credit location , we will sit down and figure out how much you can finance. Once we have that number , we will then walk out to the car lot and show you the vehicle options for which you qualify. There is no pressure to put you in a vehicle you can’t afford.

At traditional new dealerships, you pick the car you want and get financed through a third-party lender. Usually, you don’t know how much you are financed for before you step on the lot. Then you get pressured by the salesmen because they have quotas and other incentives that put more money in their pockets.

When you visit a Regal Car Sales and Credit location, we will sit down and figure out how much you can finance. Once we have that number, we will then walk out to the car lot and show you the vehicle options for which you qualify. There is no pressure to put you in a vehicle you can’t afford.

Another difference between Regal Car Sales and Credit and Traditional Dealerships is that Regal is selling a company brand. When Regal sells a used vehicle, we are not selling you a Ford or a Chevy, we are selling Regal. Therefore our vehicles go through detailed quality checks to make sure the vehicle is in good working order to sell to our customers. New car dealerships represent brands of car makers and therefore depend on them for their inspections .