However, their profitability is not derived from simple sales; it is built on a complex, high-risk financial model that functions more like a bank than a dealership.
A BHPH lot can technically remain profitable even if 65% of its loans default , provided they maintain high sales volume and keep operational costs low. 3. The "Cash Poor" Paradox how profitable are buy here pay here lots
Buy Here Pay Here GAP Coverage for Dealers - Elite FI Partners However, their profitability is not derived from simple
However, their profitability is not derived from simple sales; it is built on a complex, high-risk financial model that functions more like a bank than a dealership.
A BHPH lot can technically remain profitable even if 65% of its loans default , provided they maintain high sales volume and keep operational costs low. 3. The "Cash Poor" Paradox
Buy Here Pay Here GAP Coverage for Dealers - Elite FI Partners