Better than BHPH
A better way for BHPH.
Buy Here Pay Here takes a lot of capital. And a lot of dealership time and resources managing a loan portfolio. Glenview provides BHPH growth capital and does all of the collections, reporting and portfolio management work for you.
Glenview Finance purchases Retail Installment Sales Contracts from Independent Auto Dealers, in a structure very similar to a Line of Credit: Glenview advances up front 50% of the principal balance/amount financed and pays 40% of the full monthly payment to the selling dealer. When paid in full a dealer will have received 90% of the principal and 40% of the interest.