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328 messages,  Last post on Jul 19, 2009 at 8:42 PM

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#36 of 328 Philly is full of lots... by lemko Jan 05, 2005 (12:50 pm)
...with used Mercedes, BMWs, Jaguars, etc. Ironically, these lots are in some of the seedier neighborhoods where it would seem unlikely anybody'd be in the market for such a vehicle. However, they do a brisk business anyway. I don't know if these places are also BHPH lots.   The last thing a guy who's worried about paying the rent on his sleazy one-bedroom apartment in a marginal neighborhood needs is a used German luxury car that's out of warranty. "Nice ride, homes! I like those Pep Boys Futura tires on your E-Class!"   My girlfriend once worked as a leasing consultant in a high-rise. One of the tenants was a man with a $50,000 vehicle, yet he was a month behind on his rent and his four kids were sleeping on the floor, (no matresses even). Replies to this message: kyfdx (Jan 05, 2005 1:03 pm)
#37 of 328 Re: Philly is full of lots... [lemko] by kyfdx HOST Jan 05, 2005 (1:03 pm)
Replying to: lemko (Jan 05, 2005 12:50 pm) Around here (Cincinnati), those lots are in those neighborhoods because the overhead/rental costs are cheaper... A guy selling five to ten cars a month just can't afford the rents near shopping malls in suburbs.. no matter how much his cars sell for..   The guy looking for a $30K car, that went for $70K new, generally won't mind checking one out in that kind of neighborhood, as long as freeway access is fairly easy.. especially, if he thinks he can save $3K-$5K..   At least that is my take on it...
#38 of 328 Unfortunately, by driftracer Jan 05, 2005 (1:05 pm)
those "Look at me, I'm rollin' a Benz/Denali/BMW/Cadillac (insert other vehicle here)" types are prime customers for BHPH lots. Many who have established regular payments often drive one for a few weeks, then swap to another in order to front a different style.   And yes, there are lots of Pep Boys junk tires on MB, Cadillac, and BMW products.   The boys in the hood comprise a VERY large portion of BHPH sales.
#39 of 328 by kirstie_h HOST Jan 05, 2005 (1:11 pm)
Let's be careful not to get into stereotypes... I know where you're coming from, but let's be careful about giving nametags to groups. Thanks!
#40 of 328 Sure, no problem. by driftracer Jan 05, 2005 (1:19 pm)
Shall we say that folks who live in oppressed areas, ones who normally wouldn't have the cash flow to support that type a vehicle, are often that type of vehicle's prime owner in the BHPH scenario, because they can pose with something of a higher standard, and most folks don't know the difference.   Just like buying a fake Rolex when you work at Wendys - your buddies aren't smart enough to know the difference, and they think you're cool...plus you don't hang out with people who DO know the difference...   Just a month ago, I saw a young man working the counter at Mickey D's and he had a Rolex Presidential (with all the diamonds), plus HUGE rocks for diamond studs in his ears, like the pro football players wear...yeah, at $7 an hour, THOSE are real...
#41 of 328 Well... by lemko Jan 05, 2005 (1:57 pm)
...the young man could've been an upcoming executive in the underground pharmaceutical industry.   I had a buddy who was a lot like the person drift described. He had more gold chains than Mr. T, more rings than Ringo Starr, and wore a floor-length leather coat over black silk shirts. He also had a very convincing fake Rolex and drove a black late-model BMW 5-Series. To those who didn't know any better, he looked outwardly successful in a flashy way. However, in reality, he was living in a rather run-down trailer park.
#42 of 328 Sometimes... late at night... by kyfdx HOST Jan 05, 2005 (2:01 pm)
I dream about all the cars I could have if I lived in a run-down trailer park.... If only run-down trailers came with garages....
#43 of 328 An excellent site... by lemko Jan 05, 2005 (2:16 pm)
...for articles on the perils of buying at a BHPH lot:   http://www.courier-journal.com/cjextra/2004projects/byrider/ Replies to this message: driftracer (Jan 05, 2005 2:44 pm) steine13 (Jan 05, 2005 8:14 pm)
#44 of 328 Re: An excellent site... [lemko] by driftracer Jan 05, 2005 (2:44 pm)
Replying to: lemko (Jan 05, 2005 2:16 pm) JD Byrider is the corporate version of the mom and pop BHPH lot...   It's a shame that we need legislation to protect us from paying double the value of a vehicle - common sense, and a quick call to the lady at the bank with the NADA book could and should prevent that.
#45 of 328 I wonder about some of the buyers... by lemko Jan 05, 2005 (3:03 pm)
...in those stories, particularly the woman who paid over $16,000 for a Geo Metro with over 156K miles on it. I don't think Geo Metros cost that much new!

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