Do you still have a “Buy Here/Pay Here (BHPH) car you aren’t proud of but just can’t seem to get rid off? Don’t get too hard on yourselves, it happens to everyone. Do not panic, as there are some ways that you can get rid the lemons from your car.
Selling the vehicle is something you should do first. You may be thinking, “But, my car is a cake; who would desire it?” I get what your saying. You might be surprised. Even if your automobile is in poor repair, people are still interested in buying a new one. It can be posted on an internet auction site, or in the lot of your local supermarket. The idea behind transparency is to let people know about potential problems and to set realistic prices – check this out.
There are other options than trading it in. You might be saying “But, my car is a complete piece of junk. Who would exchange it for it?” I get what your meaning is. It is possible to be surprised, however. Even if the vehicles are in better conditions, BHPH dealerships still accept trade-ins. Even though you might make a smaller profit, this is still the best and most practical option.
Consider donating a vehicle. Even if the car isn’t running, many charities will donate it. By doing so, you can save on taxes and help charity raise money.
You can always try to return the vehicle to the dealer if everything fails. You might be thinking, “But…my car is rubbish; the dealer won’t take back it.” I get your point. It’s possible that you are shocked. Some BHPH dealerships allow customers to return their cars, although it all depends upon the state legislation.