UDAAP Compliance for Buy Here Pay Here Dealers | A Practical Guide
Buy Here Pay Here dealerships operate in a highly regulated environment where advertising, financing, payment practices, collections, and customer communications can all create compliance risks. One important area dealers should understand is UDAAP Unfair, Deceptive, or Abusive Acts or Practices. For BHPH dealers, having clear and consistent processes can help reduce the risk of misleading […]
FTC Used Car Rule Explained: Disclosure Requirements for Dealers
The Federal Trade Commission’s Used Car Rule is one of the most important federal compliance requirements for dealerships selling used vehicles. The rule is designed to make sure consumers receive clear information about a vehicle’s warranty status and other important purchasing considerations before completing a sale. For independent and Buy Here Pay Here dealers, understanding […]
Repossession Laws by State: What Dealers Need to Know
Vehicle repossession is an important part of managing delinquent accounts for many Buy Here Pay Here (BHPH) dealerships. However, taking possession of a vehicle after a customer defaults is not simply a matter of sending a tow truck. Repossession requirements can vary from state to state. Dealers may need to consider rules involving default, notices, […]
BHPH Dealer License Requirements by State (2026 Guide)
Starting or operating a Buy Here Pay Here (BHPH) dealership requires more than selling vehicles. Because BHPH dealers typically provide financing directly to customers, dealerships need to understand both motor vehicle dealer licensing requirements and the additional rules that may apply to financing and consumer transactions. The exact requirements vary from state to state. Licensing […]