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: They act as both the dealer and the lender ("we are the bank"), meaning approvals are based on steady income rather than credit scores.

: Some NJ dealers use GPS tracking to disable or find cars for repossession the moment a weekly payment is missed. Local Alternatives and Precautions buy here pay here dunellen nj

: They claim to offer a 97% approval rate and include a 3-year warranty on vehicles, which is an attempt to distinguish themselves from other high-risk lots. Regulatory Context and Consumer Risks : They act as both the dealer and

: A major concern in the industry is the practice of setting draconian loan terms that lead to high default rates. This allows dealers to repossess and resell the same vehicle multiple times to different vulnerable consumers. buy here pay here dunellen nj