Advantage Funding Bring Lease-Here Pay-Here Program to Market

Used Car News - April 8, 2014

Advan­tage Fund­ing is offer­ing a new fund­ing pro­gram to help deal­er­ships expand cus­tomer financ­ing by reduc­ing road­blocks to cred­it approvals. Advan­tage Funding’s lease-here, pay-here pro­gram will help remove hur­dles across the coun­try for deal­ers to serve the sub­prime lend­ing space. Access to cap­i­tal is the largest hur­dle for deal­ers serv­ing sub­prime cus­tomers, said Ed Kay, pres­i­dent of Advan­tage Fund­ing, at the Nation­al Vehi­cle Leas­ing Asso­ci­a­tion con­fer­ence in Tuc­son, Ariz. Advan­tage Fund­ing worked with LHPH, LLC, a San Diego-based lease ser­vice provider, to devel­op a deal­er finance mod­el that is prof­itable and easy for deal­ers to use.

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