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The convenience of BHPH financing is offset by significantly higher costs and stricter oversight than traditional auto loans.
: Many BHPH vehicles are equipped with GPS trackers or starter interrupters that allow the dealer to disable the car if you miss a payment. buy here pay here dealers columbus ohio
: Approval is based on your income and employment stability rather than just a credit score. The convenience of BHPH financing is offset by
At a BHPH lot, the dealership provides "in-house financing," meaning you make payments directly to the dealer. At a BHPH lot, the dealership provides "in-house
: Expect interest rates (APRs) to be much higher than at a bank or credit union. Some Columbus buyers have reported rates as high as 29% , even if state caps are lower.
: In Ohio, there is no "cooling-off" period ; once you sign the contract and leave the lot, the sale is final. Top BHPH Options in Columbus
Several dealerships in the Greater Columbus area are frequently cited for their in-house financing programs: Find Buy Here Pay Here Cars Near You - Ftp