"With lenders presently so tight-fisted when it comes to credit, a lot of car buyers with rocky credit are facing a really tough road. The conventional institutions that utilised to finance these new vehicle purchases — community banks, credit unions, and even automaker financing wings — just aren’t approving auto loans like they utilised to."
1 segment of the market has been growing by leaps and bounds: Acquire Here and Pay Here (BHPH) auto sales. This non-conventional approach of financing entails the dealer acting as the actual lender — a departure from a lot more conventional dealer sales wherein the vehicle dealership and lender are two separate entities.**** A Look into The World of Buy Here Pay Here Auto Sales | Automotive News:
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