Unlike traditional financing where a dealer sends your application to an outside bank, a BHPH dealer uses their own capital. They aren't looking at your FICO score as the final word. Instead, they focus on:
BHPH trucks are often older or higher-mileage. Always get an independent Rig Dig report or a third-party mechanical inspection before signing. buy here pay here semi truck sales
Many BHPH trucks are equipped with GPS starters that can disable the truck if a payment is missed. Know the terms of your grace period. Unlike traditional financing where a dealer sends your
These loans are rarely 72 months; expect shorter, more aggressive repayment schedules. buy here pay here semi truck sales
Because the dealer is taking on more risk, APRs are significantly higher than bank rates.