Buy Here Pay Here

What Is "Buy Here Pay Here"

 If you have poor credit or no credit at all, you may not be able to get a car loan from a bank or credit union. If you don’t have the cash to buy a vehicle, you’ll need some form of financing. This is where BHPH comes in. This means you pay the dealrship rather than a bank or other financing service – it basically takes the place of a traditional car loan! As a result, you can usually get financed right away (often the same day) by purchasing your vehicle from BHPH dealers rather than waiting for the bank’s loan approval process. 


Sometimes, instead of “Buy Here Pay Here” you’ll hear “on the spot financing” or “tote the note.” All these expressions mean is that, by purchasing your used car, truck or van through a Buy Here Pay Here dealership, you essentially get financed through the dealership rather than through a bank. Unlike other used car dealerships, we don’t hand off your credit application to a bank – we work with our own exclusive lender to get you approved without a traditional car loan from a bank. So if you suffer from bad credit or no credit, this approach might be your best option.


Another benefit of purchasing through BHPH is that some report your consistent, on-time payments to credit bureaus, which helps to improve your credit score. As long as you stay on time and don’t miss your payments, you have an opportunity to improve your poor credit with every payment you make. By improving your bad credit through reporting BHPH dealers, you’ll have new opportunities buy a home, or accomplish many other things you can’t do if you suffer from bad credit.


When purchasing your new vehicle, you’ll also want to watch for any type of warranty offered. Most dealerships sell cars “as is,” but CarHop offers a warranty* with our vehicles. So if you purchase your car through CarHop, you not only get a reliable vehicle, but you also get an excellent warranty* with your purchase to ensure your satisfaction.


So all in all, if have poor or no credit, and are shopping for a used vehicle, keep your eyes peeled for the CarHop sign – or you can apply for financing online! With our Buy Here Pay Here approach, our regular credit reporting to help you improve your credit score, and our warranty*, CarHop provides a valuable service to our customers who can’t get car loans from banks or other dealers.


Our mission is Helping People Drive®, and we look forward to helping all of our customers get behind the wheel of the new car, truck or van they need. If you need to get on the road today, don’t wait – apply for financing online now!

Learn More

For more information on Buy Here Pay Here dealerships, please contact us below and we will get you in contact with one of our BHPH expert dealers

Contact Us

Contact Us Anytime

Tennessee Independent Auto Dealers Association

2330 Baker Road, Goodlettsville, Tennessee 37072, United States

866-586-4232

Hours

Mon

9:00 am – 5:00 pm

Tue

9:00 am – 5:00 pm

Wed

9:00 am – 5:00 pm

Thu

9:00 am – 5:00 pm

Fri

9:00 am – 5:00 pm

Sat

Closed

Sun

Closed