My recent purchase of a car was from a dealer who offers “Buy Here, Pay Here”. Dealers. The car cost $3,995.00 and came without a warranty. Total, I had to spend about $3200 on keeping the car in good condition. I spent $1,800 on transmission work, $400 for a gas pump, $750 for an updated computer, and $450 towards a replacement fuel filter. In total, I invested about $7200 in my car. The car I have is a model from 2002, helpful resources.
It’s a question of whether this was a disaster. The truth is, I’m not sure it’s a disaster. Compare “B.H.P.H.” financing and traditional funding. financing. A traditional dealer may have offered a lower price for the same car, but with the added interest charges that are integrated into “B.H.P.H.” In the end, the price of the vehicle from a “B.H.P.H.” deal would have been the same. Used vehicles that are older than certain years don’t usually come with warranties from traditional dealers. To be fair, all things equal, there would still need to be repairs. An extended warranty will cost me extra, regardless of whether I buy it. One of my biggest regrets is not buying an extended service contract after doing thorough research. This warranty was available to me because my vehicle’s mileage when I bought the car fell into this range.
The cost of repair was something I discussed with the dealer as soon as mechanical problems arose. The dealer was informed of the problem and told that I fully understood “as it is, no warranty” situation. However, I did not want to be confrontational. In the end, my approach was neither confrontational nor should it have. In the end, there may be no difference between a mainstream dealer and a buy-here-pay -here dealership when purchasing reconditioned cars. The trustworthiness is what makes the “B.H.P.H.” dealer different. It doesn’t matter if you choose “B.H.P.H.”