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.
The answer for me is a resoundingly definitive NO! And I don't want to. I am deeply hooked into the Google ecosystem from Chrome OS and Android to Chromecast and a huge collection of their services. And I must admit I thoroughly enjoy having access to and using them even with the knowledge that Google uses them to collect a lot of data about me. That said, I feel that Google really does do a good job of letting me know when and how it is collecting my data as well as how they use it. Do I trust them 100%? No. There are certain things that I do take precautions to protect, be it encrypting certain documents I store in the cloud, using a vpn and incognito mode when appropriate, as well as using services, apps, and backups from other providers. In the end though, when all is said and done, I cannot think of one single thing that Google has done to harm me in any tangible way.
A BHPH dealership is great for first time buyers and buyers with low credit scores. BHPH dealerships are primarily designed for shoppers who may have experienced financial bumps and bruises. If you are a first time buyer, have low or bad credit, or if you have had trouble getting an auto loan, a BHPH dealership should be one of the places you visit during a car search.
And, with all due respect to Amazon’s Jeff Bezos and Marc Lore, Walmart’s CEO of U.S. ecommerce, it has considerably more star power than any retail events Western consumers are familiar with: The festivities include a countdown-to-midnight gala in Shanghai’s 18,000-seat Mercedes-Benz Arena with celebrities like model Miranda Kerr, who is confirmed this year, and footballer Lionel Messi, who once kicked goals against a shampoo bottle on behalf of sponsor Procter & Gamble.
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.
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