Discussion Paper
Subprime Auto Lending: Trends in Buy Here Pay Here Auto Lending
Abstract: Buy Here Pay Here (BHPH) auto dealers occupy a unique position in the auto market by serving as both the seller and financier of vehicles to their customers. This contrasts with traditional auto dealers, who connect buyers to financing options from third-party banks, credit unions, or auto finance companies, including the captive financing arms of auto manufacturers.
https://doi.org/10.17016/2380-7172.4047
Access Documents
File(s):
File format is application/pdf
https://www.federalreserve.gov/econres/notes/feds-notes/subprime-auto-lending-trends-in-buy-here-pay-here-auto-lending-20260508.html
Description: Full text
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2026-05-08
Number: 2026-05-08-2