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Many dealers use GPS trackers and "starter interrupt" devices to ensure they can quickly recover the asset if payments stop. The Serious Risks & Challenges Enter The Buy Here Pay Here Industry With Minimal Headaches
You serve the "subprime" market—individuals who cannot qualify for traditional bank loans but need transportation for work. is buy here pay here a good business
BHPH dealers earn from two major streams: the markup on the vehicle and the interest on the loan, which often hits state usury caps (sometimes 25% or more). Many dealers use GPS trackers and "starter interrupt"