Frequently Asked Questions (FAQ)

Here are some of the questions we most frequently receive from Buy Here Pay Here dealers interested in selling their BHPH portfolio. If you don't find the answer you're looking for here, please don't hesitate to contact us directly.

What is the process for selling my BHPH notes?

Our process for selling your BHPH notes is designed to be fast and simple. It generally involves three key stages: 1. Securely uploading your loan data for an initial valuation, 2. Receiving and accepting our offer, and 3. Providing necessary documentation for verification and closing, leading to fast funding. You can find a detailed breakdown on our How It Works page.

What data do I need to provide for the initial valuation (Grade)?

To provide you with a quick, no-obligation valuation for your BHPH portfolio, we need key loan and vehicle performance data. For the initial file upload on our homepage, please include columns for: Interest Rate, Principal Balance, Gross Balance, Down Payment, Payment Frequency, Payment Amount, Date of Contract, Last Paid Date, Next Due Date, Amount Due, Vehicle Year, Make, Model, and VIN. It is CRITICAL that you DO NOT include any customer personal information (like names or addresses) in this initial file. We have a spreadsheet template available to help you format this data correctly.

What happens after I get my initial valuation? What information is needed next?

If you are satisfied with and accept our initial offer for your BHPH loans, we will then move towards verification. At this stage, we will require additional information, which includes limited customer contact details (Customer Name, Phone Numbers, Email Address, Customer Address) for the loans you've agreed to sell. We will provide a separate, secure method for you to submit this sensitive information at that time.

What documents are required at closing when selling my BHPH portfolio?

To finalize the sale and facilitate funding, standard loan documentation is required for each account being sold. This typically includes the original Loan Contract, Bill of Sale for the vehicle, the customer's Credit Application, the Vehicle Title, the full Payment History for the loan, and any relevant documents like GPS Disclosure or Warranty/GAP documents if applicable and financed.

How quickly can I get a valuation for my BHPH notes?

We aim for a very fast turnaround. Once you upload your data with the required fields, we can typically provide you with an initial grade and valuation for your BHPH portfolio in as little as 1 business day. The speed of verification and closing depends on the quality of the data and documents provided in subsequent stages.

Why should I sell my BHPH loans instead of holding them?

Selling your BHPH loans offers numerous benefits. It provides immediate cash flow to acquire more inventory and fund new sales, significantly reduces your exposure to customer default and collection risks, and streamlines your operations by freeing up resources spent on collections. It allows you to recycle capital faster and focus on your core business. You can learn more about these advantages on our Benefits page.

Is my dealership's data and my customers' information secure?

Yes, data security and privacy are paramount at BHPHnotes.com. We use industry-standard encryption to protect your data during transmission and storage. We also have strict internal protocols for handling information. Crucially, we explicitly instruct and require that you DO NOT upload customer personal information (PII) for the initial valuation. PII is only requested later, after an offer is accepted, through a separate secure process. Please review our comprehensive Privacy Policy for full details on how we protect your information.

What types of BHPH portfolios or loans does BHPHnotes.com buy?

BHPHnotes.com is interested in purchasing various types of BHPH loan portfolios. We evaluate portfolios based on the characteristics of the loans and vehicles, regardless of the overall size. We can discuss purchasing your entire portfolio or specific pools of loans (e.g., seasoned paper, freshly originated loans) depending on your needs and the portfolio's composition. The specific data points required for a grade help us determine if your portfolio is a good fit.

Is there a cost to get a valuation for my portfolio?

No, there is absolutely no cost or obligation to receive an initial grade and valuation for your BHPH portfolio from BHPHnotes.com. Simply upload your data (excluding customer PII), and we will provide our assessment free of charge.

How do I get started selling my BHPH portfolio?

Getting started is easy! Visit our homepage, fill out your contact information, and securely upload your BHPH loan data file (remembering to exclude customer PII for the initial submission). We'll take it from there and provide you with a fast, free valuation.

We hope these answers address your initial questions about selling BHPH notes. Our aim at BHPHnotes.com is to make the process of converting your BHPH loans into capital as transparent and beneficial for your dealership as possible.