Buy Here Pay Here (BHPH) dealerships have a unique position in the auto financing industry, catering to customers with less-than-perfect credit scores. To manage risks and enhance operational efficiency, these dealerships are increasingly turning to advanced vehicle tracking technology. Let's delve into how this technology is empowering BHPH dealerships and transforming their business operations. Improved [...]
The On-Board Diagnostics (OBD) port is a vital component in modern vehicles, allowing for the monitoring and diagnosis of various systems within the car. However, this port can also be a potential vulnerability, as it can be exploited to gain unauthorized access to a vehicle's electronic systems. To address this concern, the OBD 2 Protection [...]
According to a recent report provided by Experian in 2015, buy-here, pay-here (BHPH) dealers have lost about 40% of market share to subprime finance companies, credit unions and franchised dealers. This market disruption is leaving but one choice to BHPH dealers: in order to survive today you have to have financial flexibility and capital availability. In [...]
Since the amount of money a typical BHPH customer has available to buy a car and give a down payment has remained steady while wholesale vehicle prices remain high along with repair costs, Buy Here Pay Here dealers are being forced to increase their cash in deal on each sale to keep their business open and [...]
