I’m curious about the typical inventory at buy here pay here dealerships. Do they focus exclusively on used cars, or do some also offer new vehicles? I’m looking for insights or experiences that could clarify this.
BHPH dealerships almost always stick to used cars. Their model is built around in-house financing for buyers with less-than-ideal credit, and that usually means managing risk with older inventory. New cars generally require traditional bank financing with strict underwriting, which is why you rarely see them in a BHPH lot. I’ve come across occasional hybrid operations that might try to mix in a newer model, but on the whole, if you’re set on new, you’re best looking at conventional dealers where new models come with proper warranties and established financing processes.
I’ve generally seen that buy here pay here shops stick to used cars. The model is really built around helping customers with more challenging credit histories, and that usually means working with older inventory that can be financed internally. Since new car loans are underwritten quite differently with stricter requirements and more conventional financing channels, it’s uncommon to see a traditional BHPH dealership pushing brand-new models. That said, I’m always curious if some hybrid strategies might pop up regionally, especially with changing regulations and varying market demands. For now though, if you’re hunting for a fresh ride, you’re better off checking out traditional franchise dealers.
I’ve mostly seen that BHPH shops stick with used cars, and in pretty much every case I’ve come across, they focus on vehicles that may not be in the showroom-new condition. These places are all about offering options to folks who might struggle with conventional financing, so it’s easier for them to take on cars that have a bit of mileage and wear. That said, I wouldn’t completely rule out the chance that some might have newer models mixed in, especially in niche cases or in markets with specific demand, but it’s definitely not the norm. I’d recommend treating any promise of a new car from a BHPH lot with a bit of extra caution.