A question for all of our buy here pay here dealer members this morning: In 2020, what was your average default rate (% of Loans Written Off)? BHPHmarketplace.com staff was reading a portfolio performance metric or SubPrime Analytics “benchmarks” for 2019 and the average default rate was 37.49%. In 2018, the average default rate was 35.58%.
So you repossessed the vehicle, what did you do with the remaining charge off debt? If you have more than $100,000 in charged off debt in the past 4 years, there may be an opportunity for you.
BHPHmarketplace.com is a dealer member organization with one objective for all buy here pay here dealers: Increase the sales and profitability of your BHPH business. Once you attend one of our events, you are considered a member. Call Anthony at 866-974-9464 or email him at firstname.lastname@example.org.