The "full story" of Buy Here Pay Here (BHPH) in Dunellen, NJ, is primarily defined by the presence of , a dealership that has specialized in in-house financing for over 40 years. While these lots provide a vital service for residents with poor or no credit who cannot obtain traditional bank loans, they are also part of a broader state-wide conversation regarding predatory lending and "churning" practices. The Role of O'Gorman Motors
: Lawsuits in New Jersey have alleged that some BHPH dealers sell high-mileage cars at grossly inflated prices with interest rates as high as 24%. buy here pay here dunellen nj
: A major concern in the industry is the practice of setting draconian loan terms that lead to high default rates. This allows dealers to repossess and resell the same vehicle multiple times to different vulnerable consumers. The "full story" of Buy Here Pay Here