Category Archives: BHPH

Interview With BHPH Expert Todd B President of Drive 1 Again

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Please give my readers a history of DRIVE 1 AGAIN. How long has your car dealership been in business?

DRIVE 1 AGAIN (D1) opened it’s doors to customers at 10890 W Colfax, Lakewood, CO in April 2013. The D1 executive team members are all residents of Colorado. Before D1, I owned and actively managed the 5000 Car Store (5K) chain of Buy Here Pay Here car dealerships based in Albuquerque, New Mexico. 5K started in 1999, and grew to 3 used car dealerships before it became a used car super center under a different name and new ownership. In 2012, we developed a new concept platform in the Denver Metro Area. We’ve had a warm response from our customers to our integrated sales, service, finance and warranty model.

Does your dealership primarily sell domestic or foreign used cars? Or would you say it’s a mix of both?

We sell American used cars and a variety of foreign used cars, trucks and SUVs such as Toyota, Honda, Hyundai, Isuzu, Kia and Volkswagen. Customers who want to buy American are pleased to learn that many foreign cars, like the Toyota Tundra, are produced in the United States with mainly domestic parts and USA assembly. If a car’s VIN starts with a 1, 4 or 5, it’s assembled in the USA. We list all VIN numbers on our inventory page, and we offer free vehicle history reports for D1 pre-owned vehicles.

If a person has just declared bankruptcy and they want to buy a vehicle, what do you suggest they do?

At DRIVE 1 AGAIN, we simply don’t check credit scores. We are more interested in our customers’ current financial status rather than past financial mishaps. For our in-house, auto financing program, we require a low down payment and verify current pay stubs or other sources of income to confirm that the customer can easily afford the monthly payment. Customers are eligible for D1 Financing once their bankruptcy is discharged.

Should a consumer run their own credit report before they purchase a used car?

Since credit is not a concern at DRIVE 1 AGAIN, it’s not necessary. We encourage our customers to improve their credit scores with on time monthly payments. When customers request our credit help, we are hopeful to have the capacity to begin reporting quarterly car payments to the credit bureaus. If a customer misses a payment, we are on the phone immediately; often the evening the payment is due. If our customers can improve their payment patterns and rebuild credit scores, then we both succeed together.

If you’re divorced and as a result of that divorce have bad credit, what tips would you offer the consumer on how to obtain a loan?

The D1 Sales team is well versed in bad credit auto loans, and the cause of bad credit is not relevant to D1. We welcome single, divorced, married and widowed customers with any credit status!

What questions should the consumer ask the BHPH dealer when they walk into the car dealerships?

Customers should ask about the vehicle’s current condition. What service or maintenance has the dealership performed to recondition the car? We perform a 52-point inspection on every vehicle. Also, customers should inquire about any used car warranty and roadside assistance programs. D1 includes a 90-Day Limited Warranty and 1-Year Roadside Assistance with every vehicle purchase. These customer protection programs are usually only available at new car lots.


What are some common buy here pay here misconceptions the public should be aware of?

BHPH dealerships often get a bad rap for well-deserved reasons. The D1 Team has recognized this shortcoming and works on the opposite side of the spectrum. We offer D1 Certified, fully reconditioned used cars because we want our customers to drive safe, reliable cars. To keep our customers on the road without added financial burdens, we discount in-house auto service and include the limited warranty and roadside assistance with all used car sales. We are always available by phone or in person to help out with car related questions, concerns or issues.

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Todd B.
DRIVE 1 AGAIN
10890 W Colfax Ave, Lakewood, CO 80215
PHONE: 303.274.7692
FAX: 303.274.7690

This is our twenty-sixth interview in our “1000 Interview Challenge” If your interested in an interview, please contact me.

This interview was conducted by Shane McC. Shane currently is attending RISD studying computer programming. He enjoys traveling and plays hockey. He played for the Boston Junior Bruins of the EJHL during the 01-02 season. You can follow him on Google+

Are buy here pay here consumers “bottom feeders”?

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Are buy here pay here consumers “bottom feeders”?

That is exactly what theses valuable customers are being referred to. I recently read an article that called buy here pay here customers the lowest on the car buying food chain. The people who are in this category are in this situation because of their lack of discipline and their irresponsibility. They basically deserve to be raked over the coals by the evil and greedy BHPH dealer because their economic situation is their own fault.

We here at BHPHprices reject this characterization wholeheartedly. The BHPH industry is a multi-billion dollar industry. Are all these consumers “bottom feeders”? Of course not. The typical consumer is one who is experiencing a difficult financial period. They are good people who have found themselves in a bit of trouble. Most of the time, this is temporary and quickly remedied by steady attention to their debt issues. The BHPH dealer is not an evil greedy money grubber who preys on the unfortunate. He provides a service to folks who need quality, safe, reliable transportation who may not be able to qualify for a conventional loan. These folks need a person to look at their future and regard their past as a bump in the road.

Do these dealers get paid more for their vehicles? Yes they do, and for a good reason. The pay back rate is only 65%. They are in a risky business. Many people default on their loans and these dealers are left holding the bag. They are willing to extend themselves to people who are down on their luck, and take a big financial risk. They have to have more to maintain profitability plain and simple. We are not stating that these dealers provide these cars out of the kindness of their heart. Absolutely, not. They are businessmen who work for profit. Like every other business man. However, they do provide a service and these dealers are becoming increasingly important to consumers who need alternate financing.

This article was written by Brian McCormick of Providence, Rhode Island. Brian is a BHPH expert and has been involved in the used car and BHPH industry for over 10 years. He enjoys traveling and sports. Follow him on Google+

Is Carfax Really Worth It?

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Is Carfax Really Worth It?

Many times when we at BHPHPrices.com are called and asked about a carfax report for a particular car. This request is just a reaction to clever marketing by Carfax. Consumers have been bombarded with ads extolling the virtues of a Carfax report. So much so, in fact, that consumers assign a reliance on that method of vehicle examination as inviolate. When told that the vehicle does not have a carfax report, the caller, oftentimes, dismisses the vehicle for consideration. Is that fair to the car buyer and the car seller? We say that it isn’t. A carfax report is not gospel. A Carfax report is limited to accidents and repairs that are REPORTED. If a vehicle has been repaired without a centralized dealer based report, then the consumer will not know about it. Therefore, the price that you pay for the Carfax report is wasted. You see, most vehicles, especially the older ones, have local repairs done to the motors and body without any reporting. Does that mean that they did not take place, and that they do not impact the quality and the value of the vehicle in question? Of course not!

We at BHPHprices.com adhere to the old tried and true method of car choice. You know, the old fashioned way, i.e. asking questions,test drive, physical examination, belief in the dealer, warranty offered, price consideration, safety inspection, just to name the obvious.

The point here is, that relying on a computer generated print out about the vehicle is not the be all and end all of vehicle examination. Carfax is a for-profit company that solicits dealers to subscribe to thier service. They have successfully marketed themselves into making consumers believe that without using their service, then they are at a considerable risk in their vehicle choice. Use your own mind here folks. While we will admit that a Carfax report can be useful, it is not the Bible. Please do not dismiss what can be a great vehicle choice because it lacks a Carfax. Most dealers, when they purchase vehicles from auctions, have an Autocheck included in the purchase price of that vehilce. This renders a Carfax superfluous. Ask the dealer where the vehicle was purchased. If it is from an auction, then you can be confident that the vehicle is not salvage, and that the mileage is accurate and that it is not a lemon law recall

Interview With Jake Parker of Best Auto Sales LLC

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Please give my readers a history of Econo Auto Sales. How long has your car dealership been in business?

Best Auto Sales LLC has been in business since September 12, 2010. We finance every single deal in house and are a true BHPH operation. If people need financing on a car they can come to us and we will find a way to approve the deal. Being that we are the bank it is completely up to us to finance a car. That being said we will approve a car deal that other people and business just can’t and want do.

Does your dealership primarily sell domestic or foreign used cars. Or would you say it’s a mix of both?

We sell a mixture of both types of cars at our dealership. There are certain cars that we will not sell because they are not reliable or they just are not good cars but we definitely sell both classifications of cars.

If a person has bad credit how do you suggest they improve there credit? What advice would you want to give that person?

If a person has bad credit the first thing they should do is find out exactly what items are on there credit that need to be paid or taken care off. They should handle those items first. Once the current bad credit issues on your report are fixed then I would recommend trying to get a retail credit card at a store you know you are going to use often. When you go and buy your items at the store of your choice find out when your payment is due for the credit card and make sure you make the payment on time and do that every month and your credit will improve like that quicker than you think.

If a person has just declared bankruptcy and they want to buy a vehicle, what do you suggest they do?

Almost all dealerships will not sell a car to a person in a bankruptcy because it is not legal for there name to be on the paperwork. If you establish a good relationship with a BHPH dealer then it can be done. The car can be put in a family members name that is a very reliable person and the person in bankruptcy can actually pay for the car and drive the car. The name of the bankruptcy person can not sign any documents or have the car put in there name. Although I do not recommend this, there is a way to make this happen.

Should a consumer run their own credit report before they purchase a used car?

Yes. There are free credit reports all over and it would help the person to have an idea about there credit before they go in a dealership. It is not absolutely necessary to check your score before you buy a car but if you can get your score then it will help you know what your situation is before you go in to buy a car.

If your divorced and as a result of that divorce have bad credit, what tips would you offer the consumer on how to obtain a loan?

This is really going to depend on the car dealership you are dealing with. Places like us can and will approve people in a situation like this because we understand that this stuff happens. If you can’t get a car on your own then have someone cosign with you on the car loan and that will help your chances. If you look at the good dealerships then this will not be a problem. We have these customers all the time and treat them as good as a person who has never been through this hard time.


What questions should the consumer ask the BHPH dealer when they walk into the car dealership?

Ask them what there interest rate is and what type of warranty do they have on there cars. Make sure they are not talking about a warranty that you have to pay for additionally. The warranty should come with the car you are buying. So interest rates and warranty.

What are some common buy here pay here misconceptions the public should be aware of?

Some people think that all BHPH dealerships are trying to get over on people and take advantage of them, and sell all there cars as is with no warranty. That is very far from the truth. Every car that we sell is fully inspected and comes with a 3000 mile warranty. Even after that we will help our customer fix the problem through a number of different ways. ( install for free, pay half, add repair to the back end of there loan,etc. ). We also treat people very fare and give them a price and interest rate that is lower than the completion. We treat people great and will continue to do so.

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This is our twenty-third interview in our “1000 Interview Challenge” If your interested in an interview, please contact me.

This interview was conducted by Shane McC. Shane currently is attending RISD studying computer programming. He enjoys traveling and plays hockey. He played for the Boston Junior Bruins of the EJHL during the 01-02 season. You can follow him on Google+