Most BHPH cars are older, high-mileage vehicles. Almost all of these contracts will state the car is sold This means the moment you drive off the lot, any mechanical failure—whether it’s a blown head gasket or a broken transmission—is your financial responsibility, even if you still owe thousands on the loan. The Bottom Line
Approval is almost guaranteed because they care more about your current income than your past credit mistakes. buy here pay here contract
Expect to see an Annual Percentage Rate (APR) much higher than what a bank would offer. While a buyer with good credit might see 4–7%, a BHPH contract can easily climb to . Over a three-year loan, this can add thousands of dollars to the total cost of a modest vehicle. 3. Frequent Payment Schedules Most BHPH cars are older, high-mileage vehicles