Friday, September 13, 2013

LHPH and Advantage Funding to Provide Subprime Financing for Dealers

LHPH, LLC, a provider of services to the “lease here pay here” (LHPH) and “buy here pay here” (BHPH) industries, announced an exclusive relationship with Advantage Funding to provide financing for select BHPH and LHPH dealers.

“The largest single hurdle for dealers looking to enter into the LHPH space is access to capital,” stated Terry Bowdler, founder and CEO of LHPH, LLC. “We have now removed that hurdle for many successful dealers across the country.”

LHPH, LLC and Advantage Funding worked together for over a year developing a dealer finance model which is profitable and easy for dealers to use. The finance structure, which works for both subprime loans and leases, enables dealers to fund the cost of the vehicle plus a small mark-up at below market interest rates.

What is most unique about this opportunity is the ability for dealers to now fund subprime leases. Most banks in the BHPH space do not want to be involved in the LHPH market, but Advantage Funding’s program treats leases and loans the same, enabling dealers to partner with a lender that understands their leasing business.

For more information on LHPH, LLC, visit www.lhph.com.

For more information on Advantage Funding, visit www.advantagefunding.com.


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