: Missing a single weekly payment can lead to rapid repossession. Key Virginia Regulations to Know
: The entire process—shopping, financing, and paying—happens in one building. buy here pay here lots in va
: Many offer "same-day" drive-away options for those with poor credit. : Missing a single weekly payment can lead
: Check the Virginia Better Business Bureau and Google reviews specifically for "service after the sale" and "repossession stories." : Check the Virginia Better Business Bureau and
: Vehicles are usually older, high-mileage models, as the dealer must balance the risk of the loan with the value of the car. Pros and Cons of Virginia BHPH Lots Risks & Drawbacks
: Don't just look at the monthly payment. Multiply the payment amount by the number of months to see the total price. You will often find you are paying double the car's actual value.
In a typical car-buying scenario, a dealer connects you with an outside lender (like a bank or credit union). At a BHPH lot, the dealership extends credit directly to you.