This graph highlights the steady rise in car prices, both new and used, over the past six years. As prices continue to climb, affordability has become a significant challenge for both dealerships and their subprime customers. So, how are dealers managing to overcome these pricing hurdles while still maintaining profitability?
Many have found success by turning to Lease Here Pay Here (LHPH) programs. Leasing offers not only the affordability advantages—such as lower monthly payments and shorter terms—but also a host of other benefits that can help dealerships thrive in today's market. From better cash flow management to improved customer retention, leasing provides a flexible solution that appeals to both dealers and consumers alike.
Curious about how leasing can work for your dealership? Want to dive deeper into the benefits it offers? Read all about it in our FREE E-book, where we provide a step-by-step guide to getting started with an LHPH program and maximizing its potential for your business.