Provider of Capital for Used Car Leasing Offers Capital and Education to Support Innovative Business Models
Arlington, Texas (March 16, 2022) – LHPH Capital, a capital provider for Lease Here-Pay Here dealers, has joined with the National Independent Automobile Dealers Association as a Gold-level National Corporate Partner to share its leasing expertise and provide educational opportunities to NIADA member dealers interested in leasing.
LHPH Capital offers lines of credit to independent dealerships to start or support a used car leasing program.
The company was founded in 2017 by Terry Bowdler and George Klinke, who have more than 80 years of combined experience in the leasing industry.
LHPH Capital has supported more than $450 million in lease originations with its dealer partners, a number that continues to grow as more dealers adopt leasing programs.
“We value the long-term success of our dealers through our strong commitment to the Lease Here-Pay Here industry and by tailoring our program to support innovative business models,” LHPH Capital president Tim Lawrence said.
“We’re very excited for the opportunity to contribute to leasing education and build a community of successful LHPH dealers, helping them bridge the gap between dealer profitability and consumer affordability in today’s high-priced used car market.”
LHPH Capital’s primary product is a line of credit, ranging from $500,000 to $20 million, with no unused line fees or nickel-and-dime fee schedules.
The funding program is set up for dealers to build equity in their dealership quickly while also growing a portfolio that can be passed down as a legacy or de-leveraged over time as they plan for the future.
About LHPH Capital
LHPH Capital is the leading provider of lines of credit for the Lease Here-Pay Here industry, bridging the gap between dealer profitability and customer affordability through leasing programs.
Built on more than 40 years of experience in the consumer leasing industry, the company became a lender in 2017 and has since put over $450 million in leases on the road. Its funding program empowers dealers to build equity in their business quickly and supports traditional LHPH programs and other innovative leasing-related business models. LHPH Capital is dedicated to the used car space and truly believes leasing provides great benefits to dealers and their customers. To learn more, visit www.lhph.com.
The National Independent Automobile Dealers Association (NIADA) is among the nation’s largest trade associations, representing the used motor vehicle industry comprised of some 40,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA’s grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry. For more than 75 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA programs and educational opportunities is available at www.niada.com.