: You pay the dealership directly, sometimes on a frequent schedule (e.g., weekly or bi-weekly). 2. Advantages for Credit-Challenged Buyers
: Approval decisions can often be made on the same day, sometimes within 90 minutes, because there is no external third-party review.
Instead of focusing solely on credit scores, BHPH dealers prioritize your current ability to pay.
: Lenders typically require proof of steady income, such as W-2s, bank statements for the self-employed, or Social Security/disability documents.
: Some dealers report on-time payments to major bureaus like Equifax, which can help rebuild a buyer's credit profile.