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Smart Shopper Buy Here, Pay Here
328 messages, Last post on Jul 19, 2009 at 7:42 PM
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Replying to: isellhondas (Jan 05, 2005 2:24 pm) I don't know what "notes" are. Would you mean monthly (oops, I'm sorry, weekly) payments? You notice that no one in the forum has actually bought a car from a BHPH? |
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Replying to: jlawrence01 (Jan 06, 2005 11:36 am) |
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Replying to: cadillacmike (Jan 06, 2005 11:12 pm) Ahem, I have, many of them. When I was young, of necessity, like my first car, a 62 Ford Galaxie for $300 (Cash, my whole life's savings). Several more in recent years for my kids, since I have several friends in the business. I always keep some "junk" around so my kids leave my good cars alone. Let's see, I have purchased specifically from BHPH dealers, 93 Ford Tempo - wasn't bad 91 Jeep Wrangler - very good car 93 Chevy Corsica - flood damaged, a disaster. 99 Chevy Lumina - Recon, used in my business. 88 Olds Delta 88 - $1,000 car for daughter 96 Infiniti I-30 - disappointing Top price paid was $10,000 for the 99 Lumina, but that was in 99 too, it was a totalled rental car reconstructed. The airbag probably didn't work and it wasn't totally straight, but it ran, and is still running today for someone else. I lost very little money even on the flood car which never ran right. Of course, I admit, I never bought any of them on credit, paid cash for them, but those places are a good source for disposable cars that are pretty much depreciated out already. If they don't work out, you can throw them away if you have to. Perfect for your teenaged moron. |
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Replying to: cadillacmike (Jan 06, 2005 11:12 pm) You don't know that, and Nvbanker makes a good point ... Just because you don't see a falling down sign and 20 rusted out hulks, doesn't mean that the big Caddy dealer down the street doesn't have his finance guys use a BHPH program for those that are "credit challenged" ...... Terry.
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Replying to: rroyce10 (Jan 07, 2005 3:04 am) CORRECT - there are always ads on our local tv, as well as in the local dealer magazines that talk about having an on-staff "Credit Doctor", or "Credit Wizard", etc... that can help you get into a new car, regardless of your credit history. These are big, new car dealers that I am seeing these ads for. |
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Replying to: cadillacmike (Jan 06, 2005 11:03 pm) That's how the dealer group I formerly worked for pulled off most of their scams - they knew Carfax was 30-60 days behind, they bought wrecks and lemons, gave the customer a clean Carfax report, sold cars quickly, or sent them back to auction, and no one was the wiser... |
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Since I do not watch TV, I am not always sure which are "normal" dealers and which dealers market for the less creditworthy. I have bought cars from independent lots that were NOT BHPH. I have bought from dealerships who did a lot of BHPH type activities. Personally, I don't care. I am looking for a good car at a good price. And I am going to go through the car with a fine tooth comb. I have found the priced at JD Byryder to be grossly overprices. However, I could say the same at for Carmax. |
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Replying to: cadillacmike (Jan 06, 2005 11:12 pm) I did, and I've mentioned it several times. I just didn't use their financing. I was lucky, because I owned a real beater at the time, and they were happy to take it off my hands. However, we need to take this discussion away from talking about what folks should or should not spend on a car, or lifestyle choices. We have a discussion about %age of income spent on a car, and that's sufficient. The rest of it, while interesting, isn't appropriate for these boards. |
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| ...in Philadelphia. The car was a 1988 Oldsmobile Custom Cruiser wagon in excellent condition. I once had a station wagon and loved its utility but I can't stand SUVs. However, I wasn't going to go the BHPH route as I have bulletproof credit. I was going to buy the car outright for cash. This was before I even knew what BHPH was and thought paying for a car by the week was ridiculous. I got a feeling the sales guys didn't want to sell it to me for they could make much more off the traditional BHPH buyer. | |
As I mentioned before, I've bought lots of cars from these places, but always for cash. One such lot was as you describe, 'not interested' in my business. I asked for a price, the sales guy said, "$265/month". I said, no, how much cash for the car, he said, $265/month. I tried one more time, got the same answer, and I got the message and left. Clearly, they didn't sell for cash, they sell for down payments. Not a bad hustle.
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