It just needs a wash….and possibly a motor…for sure a transmission.
Ill never know, I am not getting in it.
Spags, you need to come get in some of my BHPH repos. You’ll need a penicillin shot after.
Flyfisherman, I've always wondered if there is more money made on the financing than profit on the vehicle sales.
I suspect for sure on the repos, but overall, which one makes you more $ ? My guess is the financing by a good margin.
There's a place in the Dallas area that sells some very nice vehicles, but will only sell to you if you use their financing.
There’s a big misconception that we want to repo your car. I lose money 99% of the time if I have to repo someone’s car. I do mark up the vehicles, but the profit comes from the interest, not the mark up. I’ve had to drastically drop my mark up due to the ridiculous wholesale prices of used cars right now. The cost of used cars have gone up, but it’s not like my subprime clients have seen a huge increase in wages. That left me no choice but to slash the mark up a ton.
I’m strictly a buy here pay here junkie though. Spags is the king of outside finance deals, but I like to think I’m somewhat decent at used cars sales as it pertains to in-house financing. I could never do what Spags does. He’s the real deal, but BHPH is my cup of tea.