How Does LHPH Protect You and Your Assets?
Logan Sweeney | November 29, 2022
In today's competitive climate, owners in the Buy-Here, Pay-Here market are looking for ways to approve more customers. Rapid growth, on the other hand, hurts taxes and beginning capital. Inventory costs have consistently climbed over the preceding decade, but the increase has been much more significant in the last two years. The Lease-Here, Pay-Here business model has also gained traction during this time. The LHPH model is designed to provide consumers who would not otherwise qualify for regular bank and finance company lenders with a reliable method of transportation. One of the most important benefits of starting or switching to an LHPH program is that it allows dealers to bridge the affordability gap for subprime consumers while also opening up new profit areas. All of this is possible due to the lease's unique qualities.