After the Sale: What happens to the title?
Get Approved for Your BHPH loan before You Walk into the Car Dealership / Apply Here
When you purchase a vehicle at a buy here pay here car dealership the dealer has the authority to charge interest under the states usury laws.
Please click on the below URL to view your states usury limit.
Usury law by states
When a BHPH transaction takes place normally you will get a title listing you as the owner of the vehicle and the car dealer as the lien holder because they are the ones loaning you the funds to purchase the vehicle.
If you get your financing via a buy here pay here car dealer or through conventional means the title you receive will always list the bank or financial institution as the lien holder because they legally own the car.