: They enter into conditional sale or lease contracts that are not paid in full within 30 days.
: As of recent market research, there are roughly 33,000 such lots in the U.S., compared to 22,000 new car dealerships. buy here pay here definition
: Many lots use GPS tracking or "starter interrupt" devices to facilitate easy repossession if a payment is missed. Market Scale and Impact : They enter into conditional sale or lease
: Approval is often based on proof of residence and income (e.g., pay stubs) rather than a FICO credit score. there are roughly 33