What are my options?

As a Buy Here-Pay Here Dealer you have a few options for funding your business:

Discounted Bulk Sales of your existing accounts.
There's only 3 good reasons for selling your accounts in bulk. The best is if you have too many accounts to effectively service and need to cut back. Or, if you need to create a paper loss at the end of the tax year to offset taxable income. Finally, if you want to give yourself a bonus! The danger in selling accounts in bulk is the loss of day to day cash flow you need to run your business. If you are selling accounts to generate cash to run your operation there's a better way.

Get an advance on your payment stream.
There are some companies out there that will advance you money based on your anticipated payment income. The problem is a heavy discount, servicing fees, and in some cases you don't get to keep your account. This can be very confusing for your customers. The BHPH Funding program is a better way to help.

Get a line of credit from your bank.
Most banks and financial institutions don't want to get involved with BHPH dealers. They see it as too risky. We understand your business and aren't afraid to get involved.

Get your costs as a down payment.
As prices for used vehicles continue to rise this strategy is becoming old. There are far too many places your customer can go to get a nicer vehicle with less money down.

Sign up with a Point of Sale discounter.
There are some companies that specialize in financing your customer. Some want a huge sign-up fee, and most will not finance everyone. They will "cherry pick" the customers, taking only the ones they want, and they'll discount the amount they advance. You end up giving away the customers you should be keeping, and are left with the ones no one else will take. We want you to keep all of your customers.

Use your own money.
As a BHPH dealer you already know the limitations this can put on your business growth. Your money ends up riding around on the street, the payments are never enough to replace your inventory, and the payment money never seems to make it back into inventory. The day to day expenses take priority over getting additional inventory. Pretty soon you've lost track of what happened to the money you personally invested.

Use our money.
We understand your business. We give you the options you want and need to run and grow your business. And, you still have the option of doing most of what we've already listed.

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