What happens if I don't make my
first payment on time?
Approved for Your BHPH loan before You Walk into the Car Dealership
What happens if I don't make my first payment on time?
Typically if you don't make first payment on time the BHPH dealerships
will repo the automobile. The reason why the dealership will often
repo the car on no first payment is because the dealer feels you're
not making a concentrated effort on paying down your debt. Think
of it this way, if you're not willing to pay the dealer on the
very first payment then why would you pay the dealer on the 10th
or 20th payment? When it comes to new BHPH customers the dealer
is trying to help you by putting you into a payment method that
makes sense for you and also the dealer.
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