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Related content

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With a buy here, pay here (BHPH) dealership, however, the dealer sells and finances the cars on its lot. BHPH dealerships specialize in working with people who have bad credit or no credit history at all. As a result, they can provide an opportunity that some borrowers will have a hard time finding anywhere else.

When buying a car in California, you typically have to fill out a lot of paperwork and send it all to the DMV. That includes the bill of sale, vehicle registration, vehicle title and application, and smog certificate. You may also have to provide loan documents if you took out a loan to buy the car.

Financing is a key profit center for dealerships, which collect a portion of the interest rate or a fee when they arrange a loan on behalf of a bank, auto company or other financial firm. The financing also makes it easier for dealers to sell high-margin add-on products like insurance.

Getting a loan from a BHPH dealership typically will not negatively affect your credit score. Even missing payments or getting the car repossessed will typically not show up on your report. In terms of credit score, there's not much to lose when working with a BHPH dealership.

Updated October 29, 2020: A payment takeover contract refers to an agreement where a buyer purchases an asset by taking over the loan payments from the current owner. This may involve the payment of a lump sum in addition to the takeover agreement.

It mandates that "Buy Here Pay Here" dealers in California must provide at least a 1,000 mile / 30 day warranty on ALL used cars they offer for sale -- no matter how old they are, or how many miles are on the odometer.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232