Private Equity Bets Big Bucks On "Buy Here Pay Here" Dealerships

Private Equity Bets Big Bucks On "Buy Here Pay Here" Dealerships

In the second of a three-part series on “Buy Here Pay Here” dealerships, used car lots that target subprime borrowers with easy credit and triple the national average interest rates, the Los Angeles Times looks at how private equity firms have flocked towards the growing industry, lured by 38% margins. [More]