: Some NJ dealers use GPS tracking to disable or find cars for repossession the moment a weekly payment is missed. Local Alternatives and Precautions
: They act as both the dealer and the lender ("we are the bank"), meaning approvals are based on steady income rather than credit scores.
O'Gorman Motors is the most prominent BHPH dealer serving the Dunellen area.
: 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.
: Lawsuits in New Jersey have alleged that some BHPH dealers sell high-mileage cars at grossly inflated prices with interest rates as high as 24%.
: Experts recommend that buyers verify if a BHPH dealer reports payments to credit bureaus; otherwise, making on-time payments will not help rebuild their credit score. Expand map O'Gorman Motors