Steps to Starting and Managing a Successful Buy-Here, Pay-Here Operation
Dec23

Steps to Starting and Managing a Successful Buy-Here, Pay-Here Operation

Step #1: Understanding the business (including challenges and pitfalls) When run properly, the buy-here, pay-here (BHPH) business is very profitable. Even dealerships that are poorly managed can be very profitable for a while. If you are just entering or just contemplating entering the business, it is important to recognize right away that generating profits will not be your greatest challenge. Provided you are in a market with a...

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