Dealerships that offer “buy here, pay here” (BHPH) finance has been operating for a long time and offer buyers an alternative to traditional financing. However, did you know that there are a few surprisingly unknown facts about buy here pay here miami fl dealerships? So buckle up and get ready to discover some surprising facts about BHPH!
1: BHPH dealerships provide more than simply automobiles.
Although BHPH dealerships are primarily renowned for selling cars, many also provide other services, including auto maintenance and repairs. Some even offer their clients rented vehicles, making it more straightforward to travel while their car is being fixed.
2: BHPH dealers can assist you in establishing credit.
A BHPH dealership can assist you in establishing credit if you have little or no credit history by reporting your payments to credit bureaus. This may be a fantastic technique to develop recognition and elevate your financial situation.
3: BHPH dealerships have their lending firms.
BHPH stores frequently have their own financing company, in contrast to conventional auto dealerships. As a result, they can now provide financing choices to clients who might not be eligible for traditional loans.
4: BHPH dealerships refurbish their inventory.
Contrary to what many people think, BHPH dealerships do not offer cars “as is.” A lot of BHPH dealerships refurbish their vehicles before submitting them for sale. This implies that the cars are examined, fixed, and cleaned to ensure they are in good shape.
5: BHPH dealerships are frequently run by families.
Small, family-run enterprises make up the majority of BHPH dealerships. As a result, they can offer their clients individualized care and develop long-lasting relationships with them.
6: BHPH dealerships have a high rate of client retention.
BHPH dealerships have a high customer retention rate because they frequently offer to finance clients who might not be eligible for conventional loans. As a result, customers are more likely to recommend the dealership to their friends and family and return for future transactions.