Show notes
In this episode, I'm speaking with Tim Lawrence, CEO of LHPH CapitalThis episode is brought to you by:CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships.Learn more @ https://www.cdkglobal.com/dealership-xperience-platformAutoFi - AutoFi's powerful platform helps dealers sell smarter, not harder—online and in the showroom.Learn more at autofi.com/cdgInterested 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(00:02:24) - Tim’s previous life as a marriage and family counselor(00:07:11) - What is Lease Here Pay Here?(00:08:56) - How is this different from Buy Here Pay Here?(00:11:01) - How does this model impact dealers and consumers?(00:12:51) - How do you and the dealer make money?(00:15:32) - What are you seeing from consumers right now?(00:16:56) - Thoughts on EVs(00:19:13) - How do you break into a new market?(00:21:02) - Who else is doing this model?(00:21:53) - What’s the IRR for a dealer on one of these loans?(00:23:07) - Who’s accountable for service in this model?(00:24:13) - Are we headed to a world where most people will not own their vehicles?(00:29:01) - How are you being impacted by interest rates?(00:31:31) - Will used car leasing ever go mainstream?Check out LHPH 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.