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9. Bring a friend to the lender. Ask a friend or a relative to go with you to the lender’s office, says Massachusetts-based consumer attorney Yvonne Rosmarin. Bringing someone you trust to the ...
Shopping for an affordable car is a great way to reduce the amount you need to borrow. For buyers with bad credit, this is a smart move because it poses a lesser risk to the lender or dealership ...
Buy here, pay here. In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have ...
Chris Adam. July 8, 2024 at 8:00 AM. EXTREME-PHOTOGRAPHER / Getty Images. You might want to check your credit score before going to the car dealership because a bad score could cost you more than ...
It was a big financial flop, generating losses estimated between $250 million and $350 million and bankrupting many Ford dealers. [28] Time magazine included it on its list of "The 50 Worst Cars of All Time", with automotive journalist Dan Neil writing that while the Edsel was not a bad car, "It was the first victim of Madison Avenue hyper-hype ...
Captives have a smaller share of the overall car financing market (new and used cars), along with banks, credit unions, and finance companies. A small number of cars are financed directly by the dealership at "Buy Here Pay Here" dealers, which cater to customers with subprime credit. Buy Here Pay Here financing accounts for 6% of the total ...
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