How does buy here pay here financing work?

“Buy Here Pay Here (BHPH) refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. Typically, purchasers of cars at Buy Here Pay Here dealerships have poor credit history, and loans have high interest rates. Buy Here Pay Here can provide options for those unable to meet credit standards elsewhere.”

We know that good people sometimes have a bad or no credit history. Things can get out of control fast (Divorce, Loss of a job, Medical problems, Accidents...) and we totally understand that. Katrib Auto Sales is more interested in your future, not your past.

We can help you drive home the Car, Truck, Van, or SUV of your dreams regardless of your credit history at a competitive price.

The advantage of using our BHPH program is the ability to purchase and set up loan payments at the same location. Instead of getting an auto loan from a bank or another third party, you’ll be able to get everything done at the dealership in a very short period of time. Your payment plan will either be weekly, bi-weekly, or monthly. We will also work with you by matching your pay dates with your job to make it easier paying on time.

The con of using this program is the higher interest rate. If you have good or excellent credit, we will help you get approved through a different lender with a lower interest rate.

Our team is always here to explain the pros or cons of any situation and will do their best to provide you with the best solution whether to instantly approve you with our BHPH program or get you approved through a bank, a credit union, or a financial company.