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Lots of terms are thrown around by different car dealerships try to be like AutoMax. In short, “we finance”, “on-the-lot financing”, and “buy here pay here” advertisements all mean the same thing. Auto dealers of all shapes and sizes use these sayings interchangeably to describe the in-house auto financing available to car buying customers at their dealerships. The problem is very few actually offer this type of financing. AutoMax is 100% Buy Here Pay Here 100% of the time. All our cars are Buy Here Pay Here cars. All our customers are Buy Here Pay Here customers. If you come to AutoMax and you are not a good fit for our program will gladly refer to another dealership.
Buy Here Pay Here in-house auto financing is designed for buyers that may not qualify for traditional car credit. A loan from AutoMax could help those with prior credit bumps and bruises to re-establish good credit, by reporting on-time payments to major credit bureaus monthly. We will also set up your payments to be at the best time for you each month – usually around your pay days, so you can have a successful loan experience. Our overall goal is to get you in a great vehicle, supported
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In addition, Buy Here Pay Here in-house auto financing offers a certain peace of mind that you don’t get when you go through a third-party loan provider. From the moment you step into one of our AutoMax dealerships we build a relationship with you. We start learning about your car buying needs, as well as your financial needs, and we explain how the Buy Here Pay Here auto financing process works. Our customers appreciate doing business with someone they know and trust. We build personal relationship with every customer. Our customers are never be treated as just a number in the loan department.
The announcement comes as both Facebook and LinkedIn have begun pressing to get more colleges to use their services for student recruiting, albeit not primarily in the undergraduate market that has been Google’s stronghold. Facebook, for example, is working to get colleges to do more with video advertising on mobile devices, focusing especially on colleges that serve adult undergraduate populations or offer master’s and professional degrees.
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Despite being one of the fastest growing segments in the auto sales industry, there is no official definition for “Buy Here Pay Here”, or “BHPH”, which often leaves it to be misunderstood. To put it simply, BHPH is when a car loan is obtained directly from the dealer and not a 3rd party, such as a bank or finance company. The payments are made directly to the dealer which has coined the term “in-house” financing.