CREATING FINANCIAL FLEXIBILITY ONE DEALER AT A TIME
6 Fees That Can Be Included With an LHPH Program
Jensen Lazar | December 6, 2022
Here are six ways for your dealership to turn additional profit using fees only possible via a Lease-Here, Pay-Here approach.
Purchase Option Fee
Excess Mileage Fees
Excess Wear & Tear
Unlike a retail installment sales contract, the LHPH model provides the opportunity for dealerships to charge additional fees which turn extra profit. It is important that you set fees at reasonable rates consistent with your business model and regional market. To avoid disparate impact issues, it is also important to assess fees consistently across all LHPH deals. Combine this with the opportunity to lease a vehicle multiple times, and you have an additional way of making money with the LHPH business model. To learn more about what fees can be included in a lease, download our E-book below!