Buy Here Pay Here Car Dealership

If you’re interested in getting a new-to-you vehicle in the Los Angeles area, buy here pay here used car dealerships are a great option. Find out what BHPH means, explore your financing options, and learn how the experienced team at Hawthorne Auto Square can help you find an affordable vehicle that works for you.

What Is Buy Here Pay Here (BHPH)?

What does buy here pay here (BHPH) mean, and how do BHPH car dealerships work? Here’s what you need to know about the process and what it means for buyers.

How buy here pay here works

Unlike a traditional dealership, those that offer used car financing for buy here pay here provide financing in-house. Dealerships using traditional financing offer loans to customers through banks or credit unions. However, in-house financing at a BHPH dealership makes it easier for buyers with bad credit or no credit to get approved.

Start by completing our pre-approval form. We’ll get back to you with a decision that includes the loan terms and your available loan amount.

Who should consider buy here pay here financing?

There are lots of buyers who should consider buy here pay here auto financing, including:

• First-time car buyers without a credit history.
• Buyers with low credit scores or other past financial issues.
• People who desire quick and hassle-free car financing.
• Anyone who has been previously denied for traditional auto loans.
• Self-employed buyers or those who receive government benefits.

Pros and cons of buy here pay here

There are some pros and cons of using a buy here pay here dealership:

• Pros: You’ll enjoy no credit checks, fast approval, and easy and affordable payment options for your new auto loan.
• Cons: A buy here pay here with no credit check means higher interest rates, a more limited vehicle selection, and a higher potential for repossession if you don’t repay your loan.

Upgrade or Refinance Your Car Over Time

Building equity in your vehicle and improving your credit score over time opens up new opportunities for better financing terms. Understanding how refinancing works and when to consider upgrading your car can help you make more informed financial decisions.

When and how to refinance your BHPH loan 

Once you’ve established a positive payment history with your buy here pay here car, you may qualify for refinancing at better rates. Your improved credit score after 12 to 18 months of on-time payments could help you secure lower interest rates and more favorable loan terms. Get pre-approved now to reduce your monthly payments and total interest paid.

How equity works when trading in 

Positive equity in your car allows you to use your vehicle as a down payment toward your next car. This means you owe less than the car’s current market value. By contrast, negative equity means you’ll need to pay the difference before trading it in. Most buyers who apply for buy here pay here financing wait at least 12 to 24 months before considering a trade-in at no credit check car dealers.

How improved credit leads to better terms

Consistent, on-time payments on your car loan help rebuild your credit score over time. As your creditworthiness improves, you’ll qualify for lower APRs, longer loan terms, and more favorable conditions. 

Browse Our Buy Here Pay Here Inventory

Hawthorne Auto Square has an extensive inventory of vehicles available to help you find your dream car. Here are some of our featured vehicles available for buy here pay here financing:

• Used sedans: These compact cars are fuel-efficient, making them excellent for daily commuting throughout Southern California.
• SUVs and crossovers: With plenty of cargo room and a spacious interior, SUVs and crossover vehicles are a rugged and reliable family-friendly option.
• Trucks: If you need a reliable vehicle for work or recreation, check out our selection of heavy-duty and mid-size trucks.
• Budget-friendly cars: If you’re shopping for a used vehicle on a budget, we have plenty of high-quality, affordable buy here pay here cars available for under $10,000.

All the vehicles on our lot have passed a thorough inspection and California emissions test. 

Buy Here Pay Here Financing Options

It’s important to understand your financing options and how to get approved when applying for bad credit auto loans at buy here pay here dealerships.

How to get approved for a buy here pay here car loan

At Hawthorne Auto Square, there’s no minimum income, no down payment, and no co-signer requirement for qualified buyers. Most buyers can get pre-approved in just minutes after completing our online form. You’re also eligible if you’re self-employed or receive government benefits.

We only require three things for financing: proof of income, proof of residence, and a form of identification like an ID card, driver’s license, passport, or another verified form of U.S. or foreign government identification. 

No credit? No problem!

No credit car dealers like ours don’t require credit checks because we provide all of the financing in-house. We use other information, like your current income, to help us make a decision. Once you’re approved, making timely payments helps you rebuild your credit and improve your credit score due to a positive payment history that only gets better over time. 

How much will my monthly payment be?

Your monthly payment depends on the cost of the vehicle, your credit, and your APR or annual percentage rate (interest rate). Those with higher scores tend to get lower rates, but Hawthorne Auto Square focuses on 48-month terms to help you pay off your car quicker without being buried in high-interest charges.

If you provide a down payment, your monthly payments will be lower since it lowers the final cost of the vehicle. You can also choose your payment schedule (the date the payment is due), and our flexible options allow you to pay via phone or online. 

Trade-In & Upgrade Your Vehicle

If you currently own a vehicle but would like to trade it in for an upgrade, here’s what you need to know. 

Can I trade in my old car for a buy here pay here vehicle?

Hawthorne Auto Square buys used vehicles for sale or trade-in. Start by completing our “sell your vehicle” form and include the year, make, model, mileage, and other pertinent details to get a clearer picture of what your vehicle is worth to estimate your trade-in value. If you decide to sell your vehicle, you can apply the money you receive toward a down payment on another vehicle at our lot.

Upgrade to a better car in the future

If you decide to trade in your BHPH car for another vehicle, you’ll need positive equity or must pay off negative equity before you can trade it in. In most cases, you should wait several months to years before upgrading so you can build up enough equity to make a good trade-in deal. You may also refinance your current BHPH and get a better interest rate or switch financing programs once your credit and income have improved. 

Why Choose Hawthorne Auto Square?

With over 25 years of experience in Los Angeles, Hawthorne Auto Square stands out as the preferred used car dealership with buy here pay here near you. Our commitment to customer service and transparent financing has helped thousands of Southern California residents drive away in quality cars regardless of their credit situation.

We act as the bank, which means you can get pre-approved now with more flexible terms than traditional dealerships. When you apply for buy here pay here financing with us, you’ll receive a decision quickly and can often drive away the same day.

Our extensive inventory features hundreds of high-quality, low-mileage vehicles, all thoroughly inspected and emissions-tested. Every purchase comes with a 30-day, 1,000-mile warranty, with extended warranty options available.

Areas Served

Hawthorne Auto Square proudly serves customers throughout the greater Los Angeles area and surrounding communities. We welcome customers from all across Southern California, including:

• Burbank
• Glendale
• Inglewood
• Long Beach
• Manhattan Beach
• Pasadena
• Redondo Beach
• San Fernando Valley
• Santa Monica
• Torrance

Contact Hawthorne Auto Square Today

Don’t let bad credit or no credit get in the way of your dreams of owning a vehicle. At Hawthorne Auto Square, our in-house financing options make it easy for residents in Los Angeles and throughout Southern California to afford the car of their dreams. Contact us today to get started, or stop by one of our many locations to check out our inventory.