Top-tier independent dealers have historically reported over $1.2 million in annual pre-tax profit.
Because the dealer is the bank, their cash is tied up in the cars sitting in customers' driveways. how profitable are buy here pay here lots
The markup on the car itself. BHPH lots often sell older, high-mileage vehicles at significantly inflated prices compared to their market value. how profitable are buy here pay here lots
A unique challenge for BHPH owners is that they are often "cash poor" despite being highly profitable on paper. how profitable are buy here pay here lots