Capital for the LHPH Industry

Creating financial flexibility one dealer at a time

The Future of Subprime Auto Finance

Trevor Watson | May 4, 2020

As states and localities begin planning for reopening business and getting back to the “new normal,” everyone is wondering what exactly that will look like for auto finance.  This article from offers some insight.

For dealers currently in a position to look three, six, or twelve months down the road, there are a few takeaways.

  • Subprime customers will still need transportation.
  • Lenders are tightening credit standards and potentially exiting the space which will leave many of your customers without an option for traditional indirect financing.
  • There will be fewer opportunities to hang your subprime deals and you will walk more of your customers for the foreseeable future.
  • Now is the time to ensure your in-house program is dialed in and well capitalized to meet the needs of all your customers over the next twenty-four months.

LHPH Capital continues to fund our existing dealers and take applications for new dealers interested in capitalizing their existing LHPH program, or transitioning to LHPH, in anticipation of the future market conditions.

Contact us to discuss how you can benefit from developing and capitalizing a Lease-Here, Pay-Here program.

(619) 222-9990 ext. 1010

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