Buy Here Pay Here Apr -

For more specific data, you can check the Experian State of the Automotive Finance Market or compare local rates through LendingTree's auto loan guides .

High APRs can lead to "negative equity," where you owe thousands more than the car is worth as it depreciates. buy here pay here apr

While BHPH dealers may not do a hard credit check, they cater to "Deep Subprime" borrowers (scores 300–500), where double-digit rates are standard. For more specific data, you can check the

Many BHPH loans require weekly or bi-weekly payments rather than monthly installments. Many BHPH loans require weekly or bi-weekly payments

Not all BHPH dealers report positive payments to credit bureaus, meaning you might not actually improve your credit score despite paying the high interest.

Dealerships often charge the absolute legal limit, which varies by state (e.g., 18% in Texas vs. 25% in Michigan).