BUY HERE, PAY HERE
What is a Buy Here, Pay Here (BHPH) Dealership?
Purchasing a new vehicle is one of the most exciting and significant purchases you can make. However, for many people in the Cleveland area and beyond, not having enough cash and being turned down for a car loan is a stark reality.
As a Buy Here, Pay Here (BHPH) dealership, you’re a one-stop-shop for car buyers, providing them with hope and opportunity to get behind the wheel of a new vehicle. Car shoppers prefer working with BHPH dealers, as the car buying process is easier and there are fewer hoops to jump through, as there would be with a traditional dealership.
Selling a car is nearly always guaranteed through BHPH dealerships. For your customers, this sale means offering them vehicle protection insurance and services to ensure the longevity of their vehicle. Plus, it helps you as the BHPH dealer gain more control of your finances and be better protected.
If you have any questions about BHPH dealerships, you can contact us at Buckeye Dealership Consulting.
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By Craig Simmons, CPA Chief Financial Officer A...