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Is it “Buy Here-Pay Here” or not?

A few months ago, I purchased a new car at one of our site “Buy Here Pay Here” (B.H.P.H. Dealers. It was priced at $3,995.00 without warranty. To keep my car running, I spent a grand total of $3200. I paid about $1,800 to fix the transmission, $450 for fuel pumps, and $750 for new on-board computers. About $7,200 was invested into the vehicle. Yes, I do still own the 2002 model.

What do you think? In fact, I don’t think it was a total failure. Comparing traditional finance with B.H.P.H. financing. The car would probably have cost less if it had been purchased from a conventional dealer, but because interest rates are included in “B.H.P.H.” Deals would have been close to identical in price. In general, traditional dealers will not offer warranties on vehicles older than a specific age. Under the same conditions, repairs would have still been necessary. I would have to pay extra if I bought an extended guarantee. It’s my only regret that I did not thoroughly research the extended warranty before buying one. One of these warranties was available because the mileage of my car at the time I bought it fell within its range.

As soon as the mechanical problem started, I told the dealer the repair costs upfront and honestly. It was important to me that he knew my situation and understood why the car was not covered by warranty. My attitude wasn’t confrontational, and it shouldn’t have been. This helped to build up a good relationship with the business. If you look at the facts, buying used cars from “mainstream” dealers or “buy here-pay here” dealers may not differ as much as it seems. The only difference between “B.H.P.H.” and traditional dealers is their trustworthiness. The difference is the trustworthiness of the dealer whether it’s “B.H.P.H.” or traditional.


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