Show notes
In this episode, I'm speaking with Tiger Okeley, President at Oak Motors.This episode is brought to you by:AutoFi's powerful platform helps dealers sell smarter, not harder—online and in the showroom.Learn more at autofi.com/cdgCDK Global - Empowering dealers with the tools and technology to build deeper customer relationships.Learn more @ https://www.cdkglobal.com/dealership-xperience-platformInterested in advertising with CarDealershipGuy? Drop us a line hereInterested in being considered as a guest on the podcast? Add your name hereTopics:(00:00:00) - Intro(00:02:26) - What is a buy here pay here dealership?(00:03:20) - How’d you get into this industry?(00:07:10) - Why is Buy Here Pay Here so controversial?(00:11:23) - What does your business do?(00:13:22) - What’s your customer profile?(00:16:27) - How are you able to approve people who may not qualify elsewhere?(00:18:49) - Pricing risk & interest rates(00:26:02) - Where do you source vehicles?(00:28:05) - Repossessions(00:32:48) - What’s the level of utilizaiton you can get out of a car?(00:37:18) - Do you target a specific IRR or profitability metric?(00:43:24) - How do you fundraise?(00:47:13) - PhilanthropyCheck out Oak Motors here.Check out the website for more (https://dealershipguy.com) and follow me on X @GuyDealership! (https://x.com/guydealership)This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.