The “Buy Here Pay Here” finance system, how I love it. It has a carnival barker’s sense of showmanship, similar to the wild west of auto lending. Do you want to know what to expect from BHPH? Let’s go for a ride, partner; fasten your seatbelt with buy here pay here west virginia.
Find a “Buy Here Pay Here” dealership before anything else. They are rather obvious; look for the sign that says “No Credit, No Problem” in prominent, colorful characters. Once you’ve found your way inside, a salesperson will welcome you with a handshake as firm as a wet noodle and a smile as big as the Grand Canyon.
Next, you’ll get to select your ideal vehicle (or the closest thing to it that you can afford). With BHPH financing, you won’t need to bother filling out any credit applications because the dealership will take care of everything. Simply unwind, sit back, and wait for the magic to happen.
When you’ve decided on a vehicle, it’s time to sign the contract. We do mean “dotted line,” after all. There will be so much fine print that you’ll need a magnifying lens and a lawyer, so pack both. Do not fear, though; the salesperson will walk you through everything and ensure that you comprehend it all before you sign.
It’s now time to start paying and give your money over. The dealership will determine your weekly or biweekly payment schedule based on your financial situation. Just keep in mind that the interest rates for BHPH financing can be relatively high, so be sure you can afford the additional cost.
If you were curious, the “Here Pay Here” component of the equation means you will return your payments to the dealership. So, you won’t have to worry about shipping checks to a far-off lender; just pay your installment by stopping by the dealership every week.