Buy Here Pay Here Installment Contract Page

These may limit your right to sue in court. Common Pitfalls

Ensure the "Truth in Lending" box is filled out. buy here pay here installment contract

A installment contract is a unique type of auto financing where the dealership acts as both the seller and the lender. Unlike traditional car buying, you don’t get a loan from a bank; you owe the dealer directly. How the Contract Works Direct Lending: The dealer holds the "paper" (the debt). In-House Payments: You often pay at the lot. Flexible Credit: Approval is based on income, not scores. Short Terms: Loans usually last 2–3 years. Key Terms to Watch For High APR: Interest rates often hit 20% to 30%. These may limit your right to sue in court