The BHPH-type Market
Buy Here-Pay Here (BHPH) is a sector of the pre-owned car business in which dealers traditionally collect the payments on each of the Retail Installment Contracts (RIC) they originate. Successful operation of a BHPH dealership requires significant capital, training, experience, and time.
FinCo has changed the Buy Here-Pay Here market by bringing a sophisticated start-to-finish finance solution that structures deals in the same manner as a dealer would. FinCo allows a dealer to receive all the profits of BHPH without the burden of running a BHPH operation.
Through FinCo's state-of-the-art, easy to use system, dealers can now write BHPH type structured contracts in full compliance, and have those contracts then fully serviced from start-to-finish by FinCo's expert team of world-class vendors.
