Buy Here, Pay Here Financing

There are other issues too. You will have a limited amount of cars to select from with varying unknown vehicle conditions. The BHPH dealer will decide your eligibility and create a list of cars you qualify for..

On top of that, you will be expected to make a large down payment. Bad-credit borrowers can carry a certain amount of risk. To help balance out that risk, BHPH dealers would require a larger down payment than a traditional dealers might expect.

There's also a possibility of repossession. Of course, both BHPH and traditional auto lenders can repossess your car if you stop making payments. But a BHPH dealership may give you less leeway if you're struggling to keep up on payments. .