At AutoMax in Henderson and Youngsville, NC, we offer Buy Here Pay Here auto financing. Buy Here Pay Here (BHPH) financing describes the process when our customers choose to purchase their vehicle through our in-house financing services, rather than receiving a loan from an outside bank, credit union or finance company. Our customers buy the car and pay for the car at the AutoMax dealership.
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.
Don’t use Google search. Most of the time, we hit Ctrl + T for a new tab and type the search into the omnibox. Easy. However, you need an alternative. DuckDuckGo is “the search engine that doesn’t track you,” promising not to store personal information, display ads, or follow you around the internet. It does some cool things that Google search doesn’t 8 Search Tricks That Work on DuckDuckGo but Not on Google 8 Search Tricks That Work on DuckDuckGo but Not on Google Google Search is king. But DuckDuckGo has earned a loyal fan following. It has a few unusual features that even Google doesn't have. Read More , too.
The short answer? There is no difference. Many dealers use these three terms interchangeably. Unfortunately, this is the part that has created so many BHPH myths. Many dealers place these signs in their lot in hopes to attract customers with credit challenges with no intentions of ever offering a true BHPH experience. Instead, they exploit these interchangeable terms in hopes of getting a credit application and having a bank offer credit as opposed to offering the credit themselves. At this point, it’s possible to have sent your credit application to ten different lenders which pulled your credit ten different times. For those with bad credit, this rarely ever works and often puts customers in even worse situations. If you’ve had credit challenges and need a car, a true BHPH experience may be right for you, which is exactly what we offer here at AutoMax.
You can customize your cookie preferences by using the settings next to "Analytical Cookies" and "Marketing Cookies." Click the "Save Preferences" button to save your customized settings. You can access and change your cookie preferences at any time by clicking "Data Protection Settings" icon in the lower left corner of our website. For more detailed information on the cookies we use, please visit the Academy's Privacy Policy.

The short answer? There is no difference. Many dealers use these three terms interchangeably. Unfortunately, this is the part that has created so many BHPH myths. Many dealers place these signs in their lot in hopes to attract customers with credit challenges with no intentions of ever offering a true BHPH experience. Instead, they exploit these interchangeable terms in hopes of getting a credit application and having a bank offer credit as opposed to offering the credit themselves. At this point, it’s possible to have sent your credit application to ten different lenders which pulled your credit ten different times. For those with bad credit, this rarely ever works and often puts customers in even worse situations. If you’ve had credit challenges and need a car, a true BHPH experience may be right for you, which is exactly what we offer here at AutoMax.
×