<P> Buy Here Pay Here (BHPH) refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles . Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates . BHPH can provide options for those unable to meet credit standards elsewhere . </P> <P> The BHPH Industry originated primarily in the early 1970s during the United States savings and loan crisis . With many similarities to the current financial crisis (2008--present) credit was difficult to obtain, unemployment was rising & the economy was still in a transformation from a production - based economy to a service - based economy . </P>

What is buy here pay here car dealerships
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