In this episode, I'm speaking with Tim Lawrence, CEO of LHPH Capital.
This 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-platform
AutoFi - AutoFi's powerful platform helps dealers sell smarter, not harder—online and in the showroom.
Learn more at http://autofi.com/cdg
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Topics:
00:00:00 - Intro
00:02:24 - Tim’s previous life as a marriage and family counselor
00:07:04 - What is Lease Here Pay Here?
00:08:52 - How is this different from Buy Here Pay Here?
00:10:49 - How does this model impact dealers and consumers?
00:12:45 - How do you and the dealer make money?
00:15:36 - What are you seeing from consumers right now?
00:17:01 - Thoughts on EVs
00:19:24 - How do you break into a new market?
00:21:21 - Who else is doing this model?
00:22:11 - What’s the IRR for a dealer on one of these loans?
00:23:27 - Who’s accountable for service in this model?
00:25:00 - Are we headed to a world where most people will not own their vehicles?
00:29:36 - How are you being impacted by interest rates?
00:32:14 - Will used car leasing ever go mainstream?
Check out LHPH here - https://www.lhph.com/
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.
