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But that’s not to say Singles Day is limited to China: Ecommerce company Lazada, which Alibaba bought in March, is preparing to host its first 11/11 event in six countries in Southeast Asia this year. And marketers outside China have already made moves to reach the 1.4 billion people who live there—Alibaba boasts that international brands including Adidas, L’Oréal, Mattel, Mondelez, Nike, P&G and Unilever participated in 2017.
Putting information on finance and outcomes in context is more relevant than simply listing that information, he said. And students already have more interesting places to go for that context, he added, such as College Confidential, where they can see what students are saying about a college, or Niche, where they can view rankings and read deep write-ups, or U.S. News, where they can browse the most widely recognized rankings.
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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.
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.