If you are searching for “buy here pay here Phoenix“, In Power Motors 5 can help! We are the best buy here pay here car dealership in the Phoenix Valley.
What Is (BHPH) Buy Here Pay Here & In-House Financing?
BHPH or Buy here pay here is a phrase used by 500 down (O.A.C. – On Approved Credit) car dealerships that offer in-house financing. With in-house financing or buy here pay here you can finance a car and make the loan payments at the same exact car dealership. A used car salesmen would say “buy the car here, pay for the car here“.
Can You Get In-House Financing With Bad Credit?
BHPH dealerships normally work with buyers that have bad credit or no credit. As long as you can prove you make enough income and have a drivers license, most BHPH dealerships will offer you in-house financing to purchase a used vehicle. Apply for in-house financing online.
How Does Buy Here Pay Here Work?
Buy here pay here works like this:
- Visit the dealership
- Find the vehicle you are interested
- Give the dealership your last 3 pay-stubs to prove income
- The dealership will tell you if you make enough income or not
- Make your $500 down (O.A.C. – On Approved Credit) payment
- Drive off the lot with a used car
- Keep up with your payments to the dealership
If you do not make enough income for the BHPH dealership to trust you, they will make you get a cosigner with good credit or better income to help with financing the vehicle.
Buy Here Pay Here (BHPH) Requirements
- Date Of Birth
- Phone Number
- Drivers License Number
- Rental Information
- Last 3 Paystubs
Can a Buy Here Pay Here Car Be Traded In?
Yes you can trade in a BHPH car even it you have not completely paid it off yet. Normally, the BHPH dealership that sells you your used car will pay off your previous loan and add the balance onto your new loan. Dealerships usually take care of all the leg work in these types of situations. For example, if you owe $4,000 on your old vehicle that’s worth $3,000, the dealership just add the $1,000 to the new loan.
Buy Here Pay Here Phoenix
Looking for buy here pay here car lots in Phoenix, stop by In-Power Motors 5 today. Stop by our buy here pay here car lot at 345 S 83rd Ave. Tolleson, AZ 85353 today, give us a call at (623) 248-8834 or search online to find $500 down (O.A.C. – On Approved Credit) used cars, trucks, and SUVs to fit your budget. Our BHPH dealership also works with buyers with bad credit.