Buying retired rental cars or corporate fleet vehicles in bulk offers better maintenance records than random auction units.
Dealers use their current loan contracts as collateral to borrow more money. buy here pay here bulk purchase
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: Buying retired rental cars or corporate fleet vehicles