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CarHop    

CarHop

CarHop functions as the nation’s third
largest “buy here, pay here” automotive d 

512 Main Avenue, Sioux Falls

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About CarHop


 

CarHop - Products and Services:   Since its founding in 1996, CarHop has emerged as one of the top used car finance dealerships in the nation. Started as part of a franchise organization in Lincoln, Nebraska, the company became the CarHop brand in April 2000. CarHop now has locations in 17 metropolitan areas across the United States.

The company’s growth continued in the next few years, and by 2001, CarHop had launched its first store in the Minneapolis metropolitan area. CarHop opened its sixth store in the area, in Duluth, Minnesota, in March 2011. CarHop established locations throughout Missouri from 2005 to 2007, including a hub of stores in the Kansas City area. In 2007, CarHop opened its first store outside of the Central time zone in Seattle, Washington.

In December 2008, CarHop acquired several former Automaster stores in Missouri, Oklahoma, Texas, and Arkansas. The company began establishing dealerships in the Denver metropolitan area in 2009 and intends to open another store in the region by 2012. CarHop opened three stores in Chicago in 2010, added another in 2011, and has plans for further expansion in the market. Stores in Portland, Oregon; Bremerton, Washington; and Irving, Texas; were also added in 2011.

CarHop operates in 12 states, and expects to open dealerships in two more states within the next few years. All CarHop stores are owned by the corporation and are not franchised locations. The dealer provides auto financing for buyers with poor or limited credit, with down payments as low as $100. Vehicles come with an 18 month, 18,000 mile warranty to ensure that purchasers drive with confidence.

 


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