While BHPH dealers may not do a hard credit check, they cater to "Deep Subprime" borrowers (scores 300–500), where double-digit rates are standard.
The for Buy Here Pay Here (BHPH) dealerships is significantly higher than traditional auto loans, typically averaging around 20% but often ranging from 15% to 25% or more . These rates are essentially the maximum allowed by state law, reflecting the high risk these in-house lenders take by approving buyers with poor or no credit history. Typical APR Ranges (2025-2026) Average BHPH Rate: Approximately 20% . buy here pay here apr
Can top 25% to 30% depending on the state and dealership. While BHPH dealers may not do a hard
High APRs can lead to "negative equity," where you owe thousands more than the car is worth as it depreciates. buy here pay here apr