Buy Here Pay Here Apr -

For more specific data, you can check the Experian State of the Automotive Finance Market or compare local rates through LendingTree's auto loan guides .

The for Buy Here Pay Here (BHPH) dealerships is significantly higher than traditional auto loans, typically averaging around 20% but often ranging from 15% to 25% or more . These rates are essentially the maximum allowed by state law, reflecting the high risk these in-house lenders take by approving buyers with poor or no credit history. Typical APR Ranges (2025-2026) Average BHPH Rate: Approximately 20% . buy here pay here apr

A larger down payment can sometimes help secure a more competitive rate by reducing the dealer's risk. For more specific data, you can check the

While BHPH dealers may not do a hard credit check, they cater to "Deep Subprime" borrowers (scores 300–500), where double-digit rates are standard. Dealerships often charge the absolute legal limit, which

Dealerships often charge the absolute legal limit, which varies by state (e.g., 18% in Texas vs. 25% in Michigan).

Can top 25% to 30% depending on the state and dealership.