Has anyone working at a buy here pay here dealership ever sold a car to a customer with a high credit score? For example, someone with a 725 credit score, an annual income of $65,000, and a $2,500 down payment, plus extra for fees. Did you offer them a competitive deal and a dependable vehicle? Do you provide extended warranties, and are they reliable? Is it common for such customers to buy from you, or would you generally refer them elsewhere? Did any of them end up with a poor deal or an unreliable car?
Hey Alex_17Guitar, interesting question! I used to work at a BHPH dealership and I’ve had a few interactions with high credit score customers, though it’s not super common. From my experience, it usually boils down to specific circumstances like they found a car they really liked on our lot, or they wanted the convenience of a quick transaction without going through the hoops of traditional lenders.
As for the deals, it’s a mixed bag. Ideally, if you have a good credit score, you’ll get a better deal at a regular dealership since our interest rates tend to be higher. That being said, some BHPH dealerships do try to offer competitive packages to attract a variety of customers, but it might still not be the best option financially for someone with a high credit score.
Regarding extended warranties, they are often offered, but their reliability can vary. Always do your homework on the dealership’s reputation and read the fine print. I’ve seen some high-credit customers get good deals and reliable cars, while others may have ended up paying more than they should.
So yeah, while I wouldn’t outright dismiss the idea, I’d definitely suggest weighing your options and knowing the specifics of what you’re getting into.
While high-credit-score customers buying from BHPH dealerships is uncommon, it does happen occasionally. These customers might be attracted by specific vehicles or the fast approval process BHPH offers. However, they generally won’t get the best financial deal compared to traditional dealers because BHPH interest rates and terms are not as favorable. Some BHPH dealerships might offer decent extended warranties, but their reliability can vary, so it’s always crucial to research the dealership thoroughly. It’s also worth noting that ethical BHPH dealers would usually advise high-credit-score customers to explore better financing options elsewhere. If you’re someone with good credit, strongly consider those traditional routes for more competitive rates and terms.
Hey Alex_17Guitar! While it’s definitely not the norm to see high-credit-score customers at BHPH dealerships, it does happen from time to time. Reasons can range from the customer being after a unique vehicle on the lot to simply preferring the convenience and speed of the BHPH process. 
That said, these types of customers often miss out on better financing options available elsewhere since BHPH rates are typically higher. I’ve also heard about some BHPH places offering extended warranties, but like in any dealership, their reliability can vary. It’s always smart for high-credit customers to compare their options and consider conventional dealerships too.