What is the difference between Lease-Here Pay-Here and Buy-Here Pay-Here?
Watch below as George Klinke, our EVP Business Development, clearly explains the different models for independent auto dealers to either SELL or LEASE their vehicles.
BHPH = Retail Installment Sales Contract, ownership of the vehicle is passed to the consumer
LHPH = Lease Agreement, the Dealer retains ownership of the vehicle while the customer makes a certain number of payments to use the vehicle
As George explains, the LHPH customer is given the option to either buy the vehicle at the end of their lease OR turn the vehicle back into the dealer and lease a different vehicle. This flexibility in the LHPH Product is one of the many benefits both the dealer and the customer will get to experience with the Lease-Here Pay-Here model.
Contact us today if you would like to learn more about the LHPH Model! twatson@lhph.com or 619-222-9990