Articles for BHPH Features
Thursday, January 28, 2010
Jennifer Murphy - For many dealers, 2009 has been a kick in the teeth. However, one group of dealers, buy here pay here (BHPH) dealers, haven’t been hit as hard as some dealers who’ve fought to keep their doors open. Many BHPH dealers have persevered without significant losses.
Tuesday, May 26, 2009
Unlike traditional financing, where a dealer earns his profit at the time of sale, BHPH dealers earn their profits over long periods of time. This business model, on more than a very small-scale operation, can quickly drive a dealer out of cash and business. The solution for many BHPH dealers is ...
Friday, March 06, 2009
Market conditions have a smaller impact on the BHPH dealer because their typical customer is already in a poor financial situation, usually earning $10 to $12 an hour. They have a monthly income of $1,600, but their expenses average $1,800 so they...
Saturday, May 26, 2007
Michelle Dunn - As a credit grantor, your business is one of many that allow consumers to use goods and services immediately and pay for them later. While extending credit increases your gross sales, it also puts you at risk of some losses due to nonpayment...
Thursday, March 01, 2007
Jennifer Murphy - When opening a lot, several things need to be considered. Location, personnel, training, procedures, necessary forms, inventory, advertising and much more are on the to-do list...
Monday, August 28, 2006
By selling the notes ... dealers receive a discounted amount of the original note and can reinvest it in more inventory...
Saturday, August 26, 2006
Rent-to-Own can combine credit challenged customers with your inventory and create a new profit center...
Saturday, August 26, 2006
You have an abundance of trades that are reliable vehicles; however they don’t fit finance companies you regularly utilize...