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.
Because Lee Credit Now works with a broad array of lenders with the goal of getting you a great low rate on your auto financing. If you have good credit, that's great: we have excellent relationships with many lenders and will shop for financing for you. If you already have financing, no problem: we have a huge selection of used cars and trucks at low prices, and we have the finest sales consultants in Maine, whose goal is to find you a used car that you'll love. Our salespeople treat all of their customers the way they would like to be treated. That's why we have so many customers who return to us even after their credit problems have been resolved: they know we excel at finding the right car at the right price and with a financing package tailored to their needs.
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.
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.