Dealers use hefty down payments to offset their financial risk.
You deal directly with the person who sold you the car.
Interest rates often hover near the legal maximum allowed in Florida.
Easy qualifying for those with repos, bankruptcies, or zero credit.
Traditional dealers have you pick a car and then run your credit to see what you qualify for. BHPH dealers calculate your payment limit based on your paystubs before showing you cars.
. This setup enables individuals with poor or nonexistent credit to purchase a vehicle, as the dealer acts as both the seller and the lender.
Instead of pulling a credit report, dealers typically require: A valid Florida driver's license Recent pay stubs or bank statements proving stable income A utility bill or lease to verify your Jacksonville address A cash down payment ⚖️ The Pros and Cons of BHPH