A term that has been popular among the car buyers is freedom auto sales idaho. It’s the secret handshake of car buying for those who might not fit the traditional profile of a car buyer. Imagine, you walk on lot and you are dealing directly with dealer instead of bank or credit union. Sounds simple, right? It can be, well, but that’s not all that there is to it.

First off, the appeal of this product is fairly good. For many, BHPH is a lifeline. Trying to climb a mountain with no gear is how traditional financing feels like. They can be a real hurdle when it comes to credit scores. However, since with BHPH the dealer has the opportunity to look at your income and whether they think you can pay back the loan — as opposed to just your credit history. Getting a second chance when you thought all doors were closed.

Ok now don’t get too excited just yet. BHPH is a blessing, but there’s an idiosyncrasy or two to it. Interest rates can be sky-high. A beautiful rollercoaster ride, thrilling and with a few — but not unpredictable — drops. It could also cost more over time. Thus, if you do commit to this strategy, read the fine print carefully.

Of course, you have to not forget the cars themselves. Many times, the BHPH lots have a blended assortment of vehicles. They range from gems to those that require just a little TLC. It’s like a treasure hunt. And you may land a great deal, or a dud. Always take a test drive. If you can, have a mechanic take a look. Better safe than sorry, right?

The payment structure to also take into account. You will usually make weekly or bi weekly payments. It can be two edged blade. It can assist you in budgeting better on one of the aspects. But on the other, if you miss a payment, the dealer may arrive on your door faster than you can explain what you meant by saying ‘Car loan’.

Communication is key. If you end up in trouble DO NOT ghost the dealer. More often than you would think, they are more understanding. Like a relationship, honesty really does pay when used.

Now let’s discuss the paperwork. Sometimes it feels like your signing off your life. But don’t rush through it. Read everything. Ask questions. If something feels off, trust your gut. You’ve invested a lot, and you should be proud.

So, in general, BHPH can be a viable option for most people While no, it is not a one size fits all but yes, it can be great for someone who wants a vehicle but has limited options. But, always keep in mind that you are committed to do your homework, remain sharp, and do not hesitate to exit if the situation doesn’t feel right. As you should, because a car is a big deal; you want to leave victorious and smiling.