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Larger franchise dealerships often sell their "low-line" trade-ins (cars they won't sell on their own brand-name lot) in bulk to independent BHPH lots. Portfolio Sales (Bulk Note Buying)

Bulk buyers must ensure all contracts comply with the federal Truth in Lending Act (TILA) and state Retail Installment Sales Acts (RISA) . The Art of Turning Cars into Cash | Auto Dealer Today buy here pay here bulk purchase

Dealers use their current loan contracts as collateral to borrow more money. BHPH is a cash-intensive business

BHPH is a cash-intensive business. Once a dealer has loaned out all their capital to customers, they "run out of cash" but have a "portfolio of notes" (contracts). To get cash back to buy more cars, they sell these contracts in bulk to financial institutions. Key Terms in Bulk Portfolio Sales: Key Terms in Bulk Portfolio Sales: Buying retired

Buying retired rental cars or corporate fleet vehicles in bulk offers better maintenance records than random auction units.